Crowdonomics
All companies
Smart IOPS logo

Smart IOPS

Operating

Smart IOPS, Inc.

Software & AI · Milpitas, CA · Founded 2013

Builds leading-edge data storage and analysis products

Post-money valuation ⓘ
$120.4M
As of Jan 2023 · from Reg CF Offering (2022) · pre-money + amount raised, not a traded price
Total raised
$187,738
Across 1 round since 2022
Latest share price
$1.86
Reg CF · Common Stock · Sep 2022 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$0
−$2.6M
2020
$327K
−$1.6M
2021
$955K
−$724K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$0
$326,830
$955,452
Cost of goods sold
$149,579
$456,724
$743,314
Gross margin
—
-40%
22%
Net income
-$2,572,405
-$1,559,061
-$724,021
Taxes paid
$0
$0
$0
Balance sheet
Cash
$704,907
$454,526
$181,918
Accounts receivable
$0
$102,300
$7,430
Total assets
$873,257
$910,923
$821,532
Short-term debt
$121,638
$72,454
$130,830
Long-term debt
$687,426
$2,303,159
$0
Total liabilities
$809,064
$2,375,613
$130,830
Other
Headcount
—
50
50

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$120.0M
pre-money
Reg CF · Common · Sep 2022

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $187.7K / $1.1MInvestors 42Post-money $120.4M

Team

4 people
Ashutosh DasFounder
President, CEO and Director

Mr. Das is founder and CEO of Smart IOPS. Prior to forming Smart IOPS, he held the position of Director of Advanced Technology at Juniper Network. While in Juniper Mr. Das was responsible for putting together next generation of IC technology team focused on delivering next generation of networking ICs. Mr. Das has over 28 years of industry experience. Previously Mr. Das was engaged in the formation of two other companies. Apart from his business acumen, Mr. Das brings deep understanding and knowledge of designing complex systems spanning across multiple discipline, and deliver the completed product to market. Througout his career Mr. Das has been involved in pioneering projects in Intel, Sun Microsystems, Nexsi Systems, Juniper Networks, to name a few. Mr. Das has been granted several paents and holds a Master of Science degree in Electrical Engineering from Arizona State University.

Manuel D'AbreuFounder
Senior VP and Chief Scientist

Dr. d’Abreu is the co-founder and SVP R&D at Smart IOPS. An IEEE Life Fellow before founding Smart IOPS, Dr. d’Abreu was a senior Fellow at AMD and SanDisk, where most recently at the company’s Corporate Engineering organization he applied his expertise in memory management and error correction. Dr. d’Abreu has more than 40 years of experience in the semiconductor industry. His experience and expertise spans the system-on-chip and system-in- package design, test and manufacturing disciplines, Signal processing, Fault Tolerant Computing, as well as flash storage technology and coding theory. As an active member of the professional high tech community, he is a special advisor to the National Science Foundation and an Adjunct Professor at Santa Clara University. His work has been published at more than 50 technical conferences and in industry technical journals. He has been granted 45 patents. He holds a Ph.D. from the University of Texas at Austin.

Radhakrishnan (RK) NairFounder
Chief Operating Officer and Director

Prior to co-founding Smart IOPS, Mr. Nair served as Director of Systems Engineering at SanDisk. Mr. Nair has extensive experience in developing flash memory-based systems and holds several patents in computer and storage systems. Mr. Nair has over 28 years of experience developing storage systems, microprocessors and ASICs, and hundreds of millions of units of such products have been sold globally. His prior experience includes engineering leadership at Micron, HAL Computer Systems, S3 and C-DoT. Mr. Nair is a mentor to several start-ups that have successfully evolved into revenue and volume production. Mr. Nair received a B.S. in Electronics and Communication Engineering from University of Kerala, and M.S. in Electrical Engineering from Stanford University.

Radhakrishnan D. Nair
COO and Director

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 1 of 4 annual reports (FY2022–FY2025)

42 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRApr 15, 20240001665160-24-000348
    EDGAR
  • Form C-ARMay 1, 20230001665160-23-001124
    EDGAR
  • Form C-UJan 18, 20230001665160-23-000089
    EDGAR
  • Form C/ADec 12, 20220001665160-22-003054
    EDGAR
  • Form C/ANov 28, 20220001665160-22-002980
    EDGAR
  • Form CSep 12, 20220001665160-22-002383
    EDGAR
Source: ManualCIK 0001944959DEShare price $1.86

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.