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XAIROS SYSTEMS

Operating

Xairos Systems, Inc.

Software & AI · Lone Tree, CO · Founded 2019

Better GPS through quantum technology

Post-money valuation ⓘ
$20.5M
As of Jul 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$1,819,336
Crowd $452K · Private $1.4M · 9 rounds since 2019
Latest share price
$1.00
Reg CF · Common Stock · Feb 2023 offering price

Financials

FY2019–FY2025 · from SEC filings · hover any figure for its source
$0
−$288K
2019
$0
−$615K
2020
$0
−$567K
2021
$0
−$786K
2022
$0
−$786K
2023
$1.2M
−$343K
2024
$2.2M
−$1.3M
2025
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 unaudited
FY2024 unaudited
FY2025
Income statement
Revenue
$0
$0
$0
$0
$0
$1,219,609
$2,183,832
Cost of goods sold
$0
$0
$0
$0
$0
$565,734
$1,016,143
Gross margin
—
—
—
—
—
54%
53%
Net income
-$288,037
-$615,448
-$567,288
-$786,349
-$786,349
-$343,361
-$1,263,878
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$28,443
$99,971
$103,481
$23,590
$23,590
$151,509
$387,248
Accounts receivable
$0
$0
$0
$0
$0
$0
$712,775
Total assets
$28,443
$99,971
$103,481
$98,060
$98,060
$462,897
$1,121,905
Short-term debt
$16,380
$0
$30,363
$79,470
$79,470
$41,353
$1,212,085
Long-term debt
$0
$823,356
$1,269,410
$1,869,999
$1,869,199
$0
$173,959
Total liabilities
$16,380
$823,356
$1,299,773
$1,949,469
$1,948,669
$41,353
$1,386,045
Other
Headcount
—
2
8
8
—
6
13

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
$20.0M
pre-money
Reg CF · Common · Feb 2023

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

Share price over rounds

log scale
$1.00$0.1461$0.0213
Jun 2019Feb 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2023
ClassOutstandingVotes / shareShare of totalLast price
Common Stock9,562,5001100.0%$1.00Feb 2023

Shares outstanding over timein today's share terms

9.6M4.8M0
Dec 2020Jan 2022
Common StockRound opened

Principal holders% as the filing states it, Jun 8, 2026

  • David Mitlyng5,625,000 Common Stock28.1%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $451.6K / $2MInvestors 461Post-money $20.5M
Reg CF · Debt · Feb 2022Closedvia SV Portal LLC
Raised $0 / $1M
Raised $500KInvestors 3

Team

3 people
David MitlyngFounder
CEO & Board Director

Three decades of space, optics, and business experience with Hughes Space and Communications, Orbital ATK, SSL, and BridgeSat, and a BS in Aeronautical Engineering from Cal Poly SLO, a MS in Aeronautics and Astronautics from Stanford University, and an MBA from the MIT Sloan School of Management.

James TroupeFounder
Chief Quantum Scientist

Inventor of the quantum clock synchronization protocol. He has authored key papers on this protocol, including “Secure Quantum Clock Synchronization” and “Symmetrical clock synchronization with time-correlated photon pairs”, and has developed the exclusive IP and patents. He has two decades of quantum research experience with University of Texas at Austin, Applied Research Laboratories, and Office of Naval Research focused on the application of quantum mechanical properties to communication, computing, and sensing technology for the Navy and DoD, and a PhD Computational Science from Chapman University, a MS in Physics from Tulane University, and a BS in Physics from University of New Orleans.

Roger Yee
Board Director

Roger is Managing Partner of 𝗼𝘂𝘁𝗰𝗼𝗺𝗲/𝗼𝗻𝗲 providing strategy and management consulting services for companies in the aerospace, defense and government services markets. Roger's work has been featured in media including the Washington Post, Federal Computing Week, Washington Technology, Government Security News, Washington Business Journal and is a frequent invited panelist at government and industry events. He is a Next Generation Fellow of The American Assembly, Cybersecurity Working Group Chair for Open Source for America, DHS Homeland Open Security Technology (HOST) Council of Peers and a Global CEO Mentor for the Founder Institute.

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 required3+ reports filed & assets ≤ $10M

Filed 4 of 5 annual reports (FY2021–FY2025)

461 investors
holder-count proxy

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

  • Form C-ARJun 8, 20260001797918-26-000004
    EDGAR
  • Form C-ARMay 1, 20250001797918-25-000001
    EDGAR
  • Form C-ARApr 30, 20240001797918-24-000001
    EDGAR
  • Form C-USep 22, 20230001665160-23-001775
    EDGAR
  • Form C-UJul 21, 20230001665160-23-001547
    EDGAR
  • Form C/AJun 20, 20230001665160-23-001416
    EDGAR
  • Form C-ARApr 27, 20230001665160-23-000897
    EDGAR
  • Form C/AApr 20, 20230001665160-23-000672
    EDGAR
Source: ManualCIK 0001797918DEShare price $1.00

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.