{"data":{"type":"company_profile","id":101985,"entity_id":"wefunder:company:101985","attributes":{"canonical_url":"https://wefunder.com/allocortech","generated_at":"2026-06-22T09:31:16Z","updated_at":"2026-06-22T05:03:26Z","entity_ids":{"company":"wefunder:company:101985","slug":"wefunder:company_slug:allocortech"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-22T09:31:16Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-22T05:03:26Z","as_of":"2026-06-22T09:31:16Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-22T05:03:26Z","as_of":"2026-06-22T09:31:16Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T09:31:16Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-22T09:31:16Z","confidence":"medium"}}},"company":{"id":101985,"entity_id":"wefunder:company:101985","slug":"allocortech","name":"allocortech","tagline":"Hardware and Software Building Blocks for Next-Gen Vehicle Designs","elevator_pitch":"We provide off-the-shelf products, a licensed software stack, \u0026amp; provide custom systems, hardware and software support to aid innovators of our next generation of vehicles.","story":"We spent a few years creating components and software to accelerate advanced aircraft development, and now we're the ones taking off!Check out this video of demonstrations of each of these recent successful customer integrations!\u0026nbsp;( Suggest cranking up the volume\u0026nbsp;)Our Story:Matt and I have been working on airplanes and airplane technology for the better part of 2 decades, and have found that most aircraft companies have the same problem...they have a great idea for a new aircraft product, but the process of getting from not making airplanes to making airplanes is an immense undertaking!\u0026nbsp; This is true across the board, but in our experience is especially true for the avionics, especially with the demanding communications, power distribution, power storage, actuation and just general purpose computing needs with modern fly-by-wire aircraft. To get to minimum viable product,\u0026nbsp;startups are forced to either work with existing industry players or to vertically integrate and create everything from scratch, of which both options means extremely long schedules and high initial and recurring\u0026nbsp;price tags.\u0026nbsp; We founded allocortech to help startups solve this aspect of the aircraft problem by allowing them all to\u0026nbsp;utilize a common provider, and thus get most of the benefits of vertical integration\u0026nbsp;with far smaller team sizes, and lower costs to them. We are finding this is not limited to just airplanes, but many other vehicle platforms as well!allocortech's goal is to enable and accelerate\u0026nbsp;as many vehicle startups\u0026nbsp;\u0026nbsp;as possible to advance\u0026nbsp;innovation in their industries.The numbers:The company has been self-funded to date, and\u0026nbsp;we have done our best to grow the company organically, to prove that our products and services had value.\u0026nbsp; We have had pretty steady growth over the first few years while going through development, but have started to see a significant ramp-up in revenue numbers over year as product demand has increased by over 50% in the last year.Growth Profile:Our primary revenue our first few years came from development and design services, which both kept the company operating and funded numerous research and development efforts to create our product catalog.\u0026nbsp; We were blessed to have early customers who appreciated our vision, going through the aircraft development process themselves, who served as our sounding board and really, beta testers for our platforms in the first few years. Now that our products and software solutions have reached a level of maturity that allows integration of our products in very fast timescales, the number of customers jumping onboard has increased tremendously!\u0026nbsp;This momentum has carried forward to 2022, and we already have numerous companies we're starting to discuss product integrations with.\u0026nbsp; We're hopeful this WeFunder campaign, along with some intentional marketing campaigns will continue to accelerate this growth as more people learn what we're up to!Our Market(s):While our initial target market has always been aircraft, recently we've found other industries who have similar needs for robust control system components with similar technical needs, and\u0026nbsp;customizable software.\u0026nbsp; These are all growing markets we hope to penetrate as our name gets out there and our\u0026nbsp;capabilities\u0026nbsp;are demonstrated by our existing customers.Our Product Suite:We have created a diverse set of products, that can work together, or on their own, that attempt to meet the needs we know about today. These include general purpose platforms like the Clio that can be used by customers in countless different configurations given its flexibility.\u0026nbsp;It pairs a high power microcontroller with a\u0026nbsp;smorgasbord of I/O and some smart power distribution channels for powering remote loads. Other solutions are more purpose build,\u0026nbsp;like our motor controllers, smart batteries and\u0026nbsp;Comet flight termination system.\u0026nbsp;All of these platforms software can be customized, either by us as a service or by customers for their specific application.\u0026nbsp; More details of the products can be found on our website\u0026nbsp;We will continue to develop new products as needs arise.Sales in Scale:Our products are fairly economical compared to the competition, but that doesn't mean the economics aren't still attractive.\u0026nbsp;\u0026nbsp;If we get a full solution set integrated into a vehicle, we can see revenue on the $20k-$40k per vehicle range, meaning even on small scales, revenues well into the $MM per customer.\u0026nbsp; Given a few large scale customers, the company could soar!Our Team:Most of our senior employees come from larger companies with mature development models, which has allowed us to bring these qualities into the culture of allocortech.\u0026nbsp;Our Projections:We anticipate our revenue growth, particularly in product sales to increase fairly rapidly in the next two years, as we bring new customers in developing prototypes in small scale. As these prototypes reach low-rate-initial-production, and then move to\u0026nbsp;full rate production in the hundreds to thousands of vehicles\u0026nbsp;, we expect to see explosive increase in product sales. We expect to see transition to production for some of our customers with smaller UAS products in the 2023-2024 time frame, while customers with larger craft will have longer schedules and start to come to this point 2025 and onward.\u0026nbsp;Why are we raising:We have shown demand, let's keep the growth going and\u0026nbsp;scale our company\u0026nbsp;to support it! This means we need to invest capital in supporting our supply chain efforts to ensure we can keep product on-the-shelf, and to support increasing demand from our new customers that we'll bring in both through word of mouth and the marketing campaign that we fund through this raise.\u0026nbsp; Further, we expect to continue development of products, and to support qualification of our components for the next phase of customer production.How do we succeed for our investors:We expect to continue to grow our customer base, capabilities, product catalog, and sales of products in the coming years. While internal growth is golden, we also realize that there will likely be long term strategic benefits to us merging with another company who can help us to both scale and reach new markets.\u0026nbsp; Given our intended growth, a 10x increase in company valuation, or even more,\u0026nbsp;over the next 3-years is a possible exit.What do our customers say?We pride ourselves not only on our technology, but also in how we support our customers success.\u0026nbsp;\u0026nbsp;","location":"Waynesboro, VA","website":"https://www.allocor.tech/","total_amount_raised":358524,"total_investors":226,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/allocortech","https://www.allocor.tech/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/101985/xxl_cropped_wefunder_image_placeholder_refined.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/101985/large_cropped_allo.jpeg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/101985/standard_cropped_wefunder_image_placeholder_refined.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/101985/standard_cropped_wefunder_image_placeholder_refined.jpg","profile_video_url":"https://wefunder.wistia.com/medias/kgx5iwz32h"},"links":{"company_url":"https://www.allocor.tech/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"💸 $1.64MM revenue 2021, 21% overall YoY growth, 55% growth in product sales"},{"index":2,"claim_id":"claim-fact-2","value":"💸 $5.3MM revenue since 2018, 200+ product units sold"},{"index":3,"claim_id":"claim-fact-3","value":"💫 10+ Vehicles Successfully Tested"},{"index":4,"claim_id":"claim-fact-4","value":"💪 Seasoned team formerly from Boeing, Google, Rockwell Collins, Lockheed Martin, \u0026amp; more"},{"index":5,"claim_id":"claim-fact-5","value":"💥 We combine innovative products, powerful libraries and tools \u0026amp; design services"},{"index":6,"claim_id":"claim-fact-6","value":"📈 Commercial drone market $15B alone, CAGR 20.5%, other markets have interest"},{"index":7,"claim_id":"claim-fact-7","value":"💸Eligible for Qualified Equity and Subordinated Debt tax credit for investors with VA income tax."}],"team":[{"id":2214864,"entity_id":"wefunder:company_role:2214864","user_entity_id":"wefunder:user:2560205","role":"founder","name":"Brian Viele","title":"Founder + President","bio":"20 years in electronics, particularly embedded systems and avionics with a very targeted scope. 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Skilled in writing embedded, real time, and safety critical software in C and C++.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2288924/square_cropped_matt.jpg?1654636952","profile_url":"https://wefunder.com/matt.walker.5","linkedin_url":"https://www.linkedin.com/in/mattofak/","related_urls":["https://wefunder.com/matt.walker.5"]},{"id":2819512,"entity_id":"wefunder:company_role:2819512","user_entity_id":"wefunder:user:2584941","role":"employee","name":"Morgan Webb","title":"Marketing Consultant","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2819512/square_cropped_BL_Insta_Black.jpg?1655124791","profile_url":"https://wefunder.com/morgan.webb.2","related_urls":["https://wefunder.com/morgan.webb.2"]}],"featured_investors":[{"id":4729,"entity_id":"wefunder:company_investor_profile:4729","investor_profile_id":2064712,"investor_profile_entity_id":"wefunder:investor_profile:2064712","subject_entity_id":"wefunder:user:2588780","name":"Mark Callender","bio":"Aviation and aircraft enthusiast with over 25 years of avionics and electrical engineering focusing FCS, INS \u0026amp; air data systems.","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2588780/medium_cropped_airworthy.jpg","profile_url":"https://wefunder.com/markcallender","investment_total":25000,"investment_info":"Invested $25,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/markcallender"]}],"investor_memos":[],"tab_counts":{"posts":39,"ask_questions":14,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":54198,"entity_id":"wefunder:fundraise:54198","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"convertible_note","security_type":"debt","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2022-04-22T23:46:20Z","funding_closed_at":"2022-09-23T04:02:36Z","auto_close_at":"2022-09-23T03:59:59Z"},{"id":55302,"entity_id":"wefunder:fundraise:55302","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"debt","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":600000.0,"funding_started_at":"2022-03-24T17:46:56Z"}],"latest_fundraise":{"id":54198,"entity_id":"wefunder:fundraise:54198","state":"successful","offering_type":"4(a)(6)","structure":"convertible_note","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2022-04-22T23:46:20Z","funding_closed_at":"2022-09-23T04:02:36Z","terms":{"eb":null,"nb":"$18M","txt":"valuation cap"}},"recent_posts":[{"id":297330,"entity_id":"wefunder:feed_item:297330","type":"FeedItem::Update","visibility":"public","title":"Allocortech is growing, Allocortech is hiring!","preview":"Allocortech is growing, Allocortech is hiring! We have 10 open positions for engineers and support personal at our HQ in the Blue Ridge Mountains of Virginia. Please visit our careers page if you're interested!https://www.allocor.tech/careers","published_at":"2026-04-09T15:28:57Z","author_name":"Morgan Webb","url":"/feed/297330","canonical_url":"https://wefunder.com/feed/297330"},{"id":291730,"entity_id":"wefunder:feed_item:291730","type":"FeedItem::Update","visibility":"public","title":"New and Improved Website","preview":"Rapid customer growth and a broadening product portfolio demanded more from our online presence.So we've launched a new and improved website at www.allocor.tech.Come have a look around!","published_at":"2026-03-31T14:10:03Z","author_name":"Morgan Webb","url":"/feed/291730","canonical_url":"https://wefunder.com/feed/291730"},{"id":202133,"entity_id":"wefunder:feed_item:202133","type":"FeedItem::Update","visibility":"public","title":"Allocortech is proud to welcome a new CEO","preview":"We are pleased to announce that Chad Rogers has joined Allocortech as our new Chief Executive Officer. Our former CEO and one of our founders, Brian Viele, will assume the role of CTO where he will channel his focus on the many advanced technical projects Allocortech is engaged in currently.Chad joins us after spending the past 27 years growing and developing entrepreneurial entities across a variety of industries including medical devices, medtech, and software. Chad’s focus on technical ope...","published_at":"2025-10-09T17:59:20Z","author_name":"Morgan Webb","url":"/feed/202133","canonical_url":"https://wefunder.com/feed/202133"},{"id":193655,"entity_id":"wefunder:feed_item:193655","type":"FeedItem::Update","visibility":"public","title":"Powering VICTOR: Allocortech’s 400V Systems and Atlas Flight Controller Elevate Group 3 UAS","preview":"Allocortech is proud to be a key contributor to the Versatile Intelligence-Controlled Tactical Operations Reconnaissance and attack (VICTOR) UAS program. We are providing a wide range of solutions to the platform making VICTOR one of the most capable and flexible Group 3 UAS in existence. Allocortech products/solutions onboard the Victor include:400V Powertrain Solution IncludingLohner smart batteriesMariner 400V Power Distribution UnitTaurus 400V Generator Control UnitTaurus 400V Motor Contr...","published_at":"2025-10-02T14:35:40Z","author_name":"Morgan Webb","url":"/feed/193655","canonical_url":"https://wefunder.com/feed/193655"},{"id":179310,"entity_id":"wefunder:feed_item:179310","type":"FeedItem::Update","visibility":"public","title":"2024 - A banner year for allocortech","preview":"In 2024 allocortech grew substantially and we expect even faster growth in 2025!Our team developed 2 new off-the-shelf motor controllers while providing customers with several new custom products.We’ve also begun development of integrated motor/motor controller solutions which will help “SWaPtimize” any advanced electric or hybrid-electric aircraft.If you’d like to know more please visit sales.allocor.tech or email sales@allocor.tech.","published_at":"2025-02-05T15:18:46Z","author_name":"Morgan Webb","url":"/feed/179310","canonical_url":"https://wefunder.com/feed/179310"},{"id":177488,"entity_id":"wefunder:feed_item:177488","type":"FeedItem::Update","visibility":"public","title":"allocortech helps with all-electric hydrofoiling boat🚤","preview":"Our partner, Navier, recently delivered the company's N30 all-electric hydrofoiling boat to its first commercial customer. We are proud to say that we help enable operation of this impressive, innovative watercraft. Our Dauphine vehicle management solution onboard provides complex command and control computation and acts as a power and communications hub all in one tightly integrated package.\u0026nbsp;If you’d like more information, please contact us at sales@allocor.tech or go to sales.allocor.t...","published_at":"2024-11-14T16:23:11Z","author_name":"Morgan Webb","url":"/feed/177488","canonical_url":"https://wefunder.com/feed/177488"},{"id":176099,"entity_id":"wefunder:feed_item:176099","type":"FeedItem::Update","visibility":"public","title":"Introducing Taurus AEX","preview":"allocortech is currently developing two versions of our Taurus AEX motor controller! Soon we will have both 16S and 24S versions ready to ship!The Taurus AEX line is designed to support a wide range of power systems. The current target output for these MCs is 2-2.5kW, but higher output power can be supported via customization. Presently, Taurus AEX has been tested at a continuous power output of 2.6kW. When necessary, units can be fitted with a heatsink and they can be customized for mounting...","published_at":"2024-09-19T15:25:28Z","author_name":"Morgan Webb","url":"/feed/176099","canonical_url":"https://wefunder.com/feed/176099"},{"id":170750,"entity_id":"wefunder:feed_item:170750","type":"FeedItem::Update","visibility":"public","title":"Our Client Milestones 2023","preview":"We are excited to share milestones some of our clients accomplished this past year as we continue our mission of empowering vehicle innovators to push the limits of how the world moves!\u0026nbsp;Elroy AirIn November, Elroy made history with the world’s first flight of a turbogenerator-hybrid aircrafthttps://www.linkedin.com/posts/elroy-air_chaparral-hello2024-team-activity-7148064964388225024-1EGX?utm_source=share\u0026utm_medium=member_desktopNavierAnnounced a first of its kind electric boat taxi ser...","published_at":"2024-02-15T18:33:53Z","author_name":"Morgan Webb","url":"/feed/170750","canonical_url":"https://wefunder.com/feed/170750"},{"id":168961,"entity_id":"wefunder:feed_item:168961","type":"FeedItem::Update","visibility":"public","title":"Welcome to the area, Northrop Grumman!","preview":"Welcome to the area, Northrop Grumman! allocortech proudly extends a warm welcome to our fellow aviation and electronics innovators in Waynesboro, VA.Being a Waynesboro-based company founded 5 years ago, allocortech continues to elevate the region's technological prowess in aviation and we’re excited to see Northrop Grumman’s positive impact and commitment to the region as well.","published_at":"2023-11-30T20:58:37Z","author_name":"Morgan Webb","url":"/feed/168961","canonical_url":"https://wefunder.com/feed/168961"},{"id":168788,"entity_id":"wefunder:feed_item:168788","type":"FeedItem::Update","visibility":"public","title":"Elroy Air soars to new heights utilizing an array of allocortech products","preview":"Late last week, Elroy Air soared to new heights with an electrifying untethered test flight of the Chaparral C1 aircraft! This groundbreaking milestone saw the first-of-kind hybrid electric VTOL in operation, utilizing an array of allocortech products including 9 Clios, 2 Lohners, and 1 Comet Vehicle unit being closely monitored by 3 Comet Operator units. Elroy Air's flight software and GNC stack ran on the Clios atop the allocortech SDK. We're thrilled to congratulate Elroy Air on their succ...","published_at":"2023-11-22T16:46:46Z","author_name":"Morgan Webb","url":"/feed/168788","canonical_url":"https://wefunder.com/feed/168788"},{"id":168276,"entity_id":"wefunder:feed_item:168276","type":"FeedItem::Update","visibility":"public","title":"allocortech x PteroDynamics - a powerful partnership","preview":"Allocortech is proud to be a technology partner of PteroDynamics supporting the US Navy. Our Taurus AE motor controller powers PteroDynamics’ Transwing® X-P4 folding wing mechanism that enables the aircraft’s eVTOL capabilities, which were demonstrated this October at the US Naval Forces Southern Command/4th Fleet Hybrid Fleet Campaign Event on board the USNS Burlington. This platform has the potential to unlock the aerial drone logistics market and we look forward to helping the PteroDynamic...","published_at":"2023-11-01T17:53:13Z","author_name":"Morgan Webb","url":"/feed/168276","canonical_url":"https://wefunder.com/feed/168276"},{"id":166458,"entity_id":"wefunder:feed_item:166458","type":"FeedItem::Update","visibility":"public","title":"Introducing Taurus LX-400 Motor Controller","preview":"The need for better high voltage motor control options tailored for UAS applications is critical for vehicle advancement. This drove allocortech to develop the Taurus LX-400 motor controller, based on our advanced FOC motor control technologies, which is targeted to operate at up to 400VDC and deliver upwards of 20kW.\u0026nbsp; To date, on our newly developed dyno infrastructure, we have been able to demonstrate operation to nearly 15kW at 330VDC, and continue to push this envelope toward our fin...","published_at":"2023-10-17T15:49:48Z","author_name":"Morgan Webb","url":"/feed/166458","canonical_url":"https://wefunder.com/feed/166458"},{"id":166456,"entity_id":"wefunder:feed_item:166456","type":"FeedItem::Update","visibility":"public","title":"Say “bonjour” to Dauphine!","preview":"Say “bonjour” to our newest product, Dauphine!\u0026nbsp;In partnership with our partner, Navier, we developed a communications and power distribution hub specifically tailored for use in maritime environments. Dauphine evolved from our Clio B product and has additional I/O options. Via a serial peripheral interface (SPI) expansion interface, Dauphine also has an integrated 9 degrees-of-freedom (DOF) inertial measurement unit (IMU)/magnetometer and GPS receiver all in an IP67 enclosure. If you’d l...","published_at":"2023-08-15T14:54:56Z","author_name":"Morgan Webb","url":"/feed/166456","canonical_url":"https://wefunder.com/feed/166456"},{"id":165793,"entity_id":"wefunder:feed_item:165793","type":"FeedItem::Update","visibility":"public","title":"Q1 - Q2 Sizzle Reel","preview":"Let's take a peek behind the curtain, shall we? Here’s a video montage of several advanced platforms powered by allocortech!We'll have more advanced vehicles to highlight in the near future!","published_at":"2023-07-21T14:38:26Z","author_name":"Morgan Webb","url":"/feed/165793","canonical_url":"https://wefunder.com/feed/165793"},{"id":164974,"entity_id":"wefunder:feed_item:164974","type":"FeedItem::Update","visibility":"public","title":"allocortech partners with Electra Aero","preview":"Last week Electra Aero unveiled its Goldfinch eSTOL demonstrator. We’re happy to share that we have been working with the Electra team to develop, integrate, and test various subsystems on the Goldfinch to enable Electra's vision of next-gen regional air travel.","published_at":"2023-06-26T12:48:03Z","author_name":"Morgan Webb","url":"/feed/164974","canonical_url":"https://wefunder.com/feed/164974"},{"id":164882,"entity_id":"wefunder:feed_item:164882","type":"FeedItem::Update","visibility":"public","title":"New Dyno Trailer Coming Together!","preview":"allocortech is building a portable engine test facility to test the advanced hybrid electric propulsion (HEP) systems we are developing.Our dynamometer trailer will enable us to integrate our smart batteries and starter-generator units with the engines on customer aircraft to test the overall power system performance at various operating points.","published_at":"2023-06-20T14:50:13Z","author_name":"Morgan Webb","url":"/feed/164882","canonical_url":"https://wefunder.com/feed/164882"},{"id":164611,"entity_id":"wefunder:feed_item:164611","type":"FeedItem::Update","visibility":"public","title":"VIPC Funded Motor Generator Unit","preview":"We have a commercialization partner for our VIPC funded Hybrid Electric Propulsion (HEP) Technology! We will be working with PteroDynamics to integrate this new technology into its X-P5 aircraft. Our HEP technology will provide OEMs with design flexibility enabling multiple propulsion architectures on the same platform.","published_at":"2023-06-12T16:28:56Z","author_name":"Morgan Webb","url":"/feed/164611","canonical_url":"https://wefunder.com/feed/164611"},{"id":164293,"entity_id":"wefunder:feed_item:164293","type":"FeedItem::Update","visibility":"public","title":"allocortech's continued partnership with Navier","preview":"We are proud to announce that\u0026nbsp;allocortech inc.\u0026nbsp;will be providing a custom \"navionics\" suite for\u0026nbsp;Navier’s advanced electric hydrofoil boats. At the core of this navionics solution is a customized and marinized version of our capable Clio platform, which will be utilized for interfacing with the helm, vehicle sensors, propulsion systems, and rudder \u0026 foil controls, to actively control the craft. This solution will facilitate continued advancement of control system performance by ...","published_at":"2023-06-02T13:52:16Z","author_name":"Morgan Webb","url":"/feed/164293","canonical_url":"https://wefunder.com/feed/164293"},{"id":164023,"entity_id":"wefunder:feed_item:164023","type":"FeedItem::Update","visibility":"public","title":"AFWERX Selects allocortech's Innovative Concept Proposal for Next-Gen DoD UAS Power System","preview":"We are pleased to announce that our Distributed Smart Battery System concept proposal has been “selected” by\u0026nbsp;AFWERX\u0026nbsp;under topic AFX235-CS01 (SBIR Phase 1) for negotiations and funding. We are looking forward to developing a more efficient, lighter, and fault tolerant electric power system for future DoD UAS.","published_at":"2023-05-22T20:47:21Z","author_name":"Morgan Webb","url":"/feed/164023","canonical_url":"https://wefunder.com/feed/164023"},{"id":163825,"entity_id":"wefunder:feed_item:163825","type":"FeedItem::Update","visibility":"public","title":"VIPC awards grant to allocortech","preview":"VIPC has awarded a commercialization fund grant to allocortech to advance the next generation integration of hybrid propulsion into new advanced small aircraft platforms. This funding will support development of a Modular Motor Generator Unit (MGU) and infrastructure to make hybrid propulsion solutions more accessible to small aircraft integrators. Follow us as we charge into this development!","published_at":"2023-05-15T17:51:40Z","author_name":"Morgan Webb","url":"/feed/163825","canonical_url":"https://wefunder.com/feed/163825"},{"id":163525,"entity_id":"wefunder:feed_item:163525","type":"FeedItem::Update","visibility":"public","title":"AUVSI Xponential Conference","preview":"We're excited to announce that allocortech will be exhibiting at AUVSI’s Xponential Conference being held May 8-11 at the Colorado Convention Center in Denver, Colorado. If you’re planning to attend, please stop by booth #4032 and check out our high quality, affordable avionics products as well as an on-aircraft demo with our partner, FlightHouse Engineering!","published_at":"2023-05-01T17:20:55Z","author_name":"Morgan Webb","url":"/feed/163525","canonical_url":"https://wefunder.com/feed/163525"},{"id":159379,"entity_id":"wefunder:feed_item:159379","type":"FeedItem::Update","visibility":"public","title":"allocortech Closes Seed Funding Round!","preview":"allocortech was founded in 2018 by Brian Viele and Matt Walker with a mission to provide robust hardware and software building blocks to unlock and accelerate development of next generation vehicle platforms. \u0026nbsp;Over the last 4-years, the team at allocortech has created the core components to validate this mission with a great set of early customers, and the vision is beginning to become reality! To achieve the full breadth of this vision, allocortech now looks to continue growing its reac...","published_at":"2022-11-15T19:23:00Z","author_name":"Morgan Webb","url":"/feed/159379","canonical_url":"https://wefunder.com/feed/159379"},{"id":159327,"entity_id":"wefunder:feed_item:159327","type":"FeedItem::Update","visibility":"public","title":"Taurus AE based Linear Actuator Highlight","preview":"In partnership with PteroDynamics™, allocortech has developed a new Taurus AE platform which is at the heart of a new and improved linear actuator assembly powering the Transwing® wing folding mechanism on the current generation aircraft.Utilizing the allocortech Taurus motor controller line allows the new actuator assembly to be driven by a sensored brushless motor for highly reliable “contactless” operation while being extremely efficient and performant due to full FOC operation supported b...","published_at":"2022-11-11T16:10:58Z","author_name":"Morgan Webb","url":"/feed/159327","canonical_url":"https://wefunder.com/feed/159327"},{"id":156839,"entity_id":"wefunder:feed_item:156839","type":"FeedItem::Update","visibility":"public","title":"REGENT Seaglider First Flight - Powered by allocortech","preview":"The REGENT Seaglider vehicle, built around allocortech avionics products, hit a monumental milestone achieving its first wing-born flight! This is a huge milestone for them, and for allocortech!The Seaglider avionics suite is centered around allocortech products and software framework, with the core being around four (4) of our Clio B products. Each of these Clios run custom software collaboratively developed by REGENT and allocortech, built on the allocore SDK, and perform various duties inc...","published_at":"2022-09-21T14:24:35Z","author_name":"Brian Viele","url":"/feed/156839","canonical_url":"https://wefunder.com/feed/156839"},{"id":158137,"entity_id":"wefunder:feed_item:158137","type":"FeedItem::Update","visibility":"public","title":"Recap From Vegas UAV Show","preview":"We are thrilled to have exhibited the Commercial UAV Expo in Las Vegas last week!While there, we had the opportunity show off some of our products and projects to a large subset of the uncrewed vehicle community, and were able to form relationships with many new, innovative companies that have the potential to turn into some exciting partnerships! We also learned a bunch that should make our future exhibits even more effective!\u0026nbsp;To top it off, we feel very fortunate to have been interview...","published_at":"2022-09-13T22:44:15Z","author_name":"Morgan Webb","url":"/feed/158137","canonical_url":"https://wefunder.com/feed/158137"}],"q_and_a":[{"id":204207,"entity_id":"wefunder:comment:204207","question":"Do you have a patent portfolio? Who are your competitors in this space and what differentiates you from them?","author_name":"Kirtson Thompson","votes":5,"created_at":"2022-05-05T14:08:30Z","canonical_url":"https://wefunder.com/allocortech#question-204207","answers":[{"id":204728,"entity_id":"wefunder:comment:204728","answer":"We have not filed for any patents on our technology, as the technical solutions themselves are not novel, rather the special sauce is in the robust implementations which stem from design processes of our team built over years of working in industries that require such safe and robust implementations. These types of things lend themselves much more to trade secrets than patents. We fit between really two groups of competitors, one being the hobby/consumer/hacker type components (think flying airplanes with Raspberry Pi) which is cheap/fast/easy/lots of open-source libs, etc. It's difficult to pick out any of these companies as direct competitors, as none of them really fit the solution we're meeting, which is are robust avionics platforms for drones...A smattering of products are out there (pixhawk.org/products is probably a reasonable reference). The other end of the spectrum would be Honeywell/Curtis Wright/Collins. They provide some very robust platforms, but they're very expensive, hard to get your hands on, and even harder to get \"up and running.\" Typically, you're at the mercy of the software developers at the companies to implement software based on your design specifications, and would then rely on them through the entire development and test process to make software changes for you. Again, great products, but expensive and don't fit with the flexible, high rate development processes in places like silicon valley. allocortech provides robust hardware platforms of level you'd expect in an aerospace product, but also provide professional grade software tools and libraries that mean you don't have to start from scratch, you can build a system from available support in our libraries in a matter of months! We regularly have customers up and running with numerous peripherals within a matter of days/weeks rather than months and years that would be more typical. It's a marriage of robustness, development velocity, and putting customers in control of their own destiny that sets us apart!","author_name":"Brian Viele","votes":2,"created_at":"2022-05-10T03:53:32Z"}]},{"id":210280,"entity_id":"wefunder:comment:210280","question":"When will the tour close?","author_name":"Omar ALSHARIF","votes":3,"created_at":"2022-07-03T12:31:21Z","canonical_url":"https://wefunder.com/allocortech#question-210280","answers":[{"id":210345,"entity_id":"wefunder:comment:210345","answer":"We're planning on closing the round end of August (presently set for August 26th)","author_name":"Brian Viele","votes":1,"created_at":"2022-07-05T02:22:21Z"},{"id":213473,"entity_id":"wefunder:comment:213473","answer":"UPDATE: To coincide with our first trade show (Commercial UAV Expo Sept 6-8), we're moving our closing date to September 15th.","author_name":"Brian Viele","votes":0,"created_at":"2022-08-01T13:10:12Z"}]},{"id":205494,"entity_id":"wefunder:comment:205494","question":"Great!!!!! Now, what is your CNs interest rate, due date?","author_name":"David Mboh","votes":3,"created_at":"2022-05-18T05:14:28Z","canonical_url":"https://wefunder.com/allocortech#question-205494","answers":[{"id":205533,"entity_id":"wefunder:comment:205533","answer":"Hey David. FYI, this is in our pitch deck, but noted here for convenience, it's a 3-year note at 6% interest and 20% discount.","author_name":"Brian Viele","votes":2,"created_at":"2022-05-18T15:01:18Z"}]},{"id":215596,"entity_id":"wefunder:comment:215596","question":"My wife and I are interested in investing in this company. Have concerns about your revenue projections also will like to have more information on your past year financials, interested in investing with significant amount. Thank you in advance for this information. Please like this comment as soon as you reply so it can notify on my dashboard.","author_name":"Donald Mader","votes":2,"created_at":"2022-08-17T00:49:54Z","canonical_url":"https://wefunder.com/allocortech#question-215596","answers":[{"id":215734,"entity_id":"wefunder:comment:215734","answer":"Thanks for the interest Mr. and Mrs. Mader! I'd be happy to try and allay your concerns. One thing I'd note is that we have actually recently updated our slides with the first half results, and we are presently on-track for our 2022 revenue projections having hit $1.225MM in the first half up from $832k in H2 of 2021. Further, we are continuing to grow our customer base adding a number of interested leads, multiple new customers, and have inked multiple contracts since starting this crowdfund, some of which we'll be announcing formally within the next month. We also have some new expansion of our product line, which will be announced in the same time frame, leading up to our first trade show exhibit in September! Finally, we've been in conversations with one of our existing customers recently on what would be our biggest production run and sale to date, which we're working to get on the books for delivery in 2023. I'd be happy to answer more specific questions directly, if I missed your concerns with the content above. Please get in touch through info@allocor.tech and I'll send a reply.","author_name":"Brian Viele","votes":1,"created_at":"2022-08-17T20:27:04Z"},{"id":218593,"entity_id":"wefunder:comment:218593","answer":"Hey Donald, I just wanted to make sure you saw my reply and whether I've addressed your question. Haven't heard back and we have under 1-week left, so thought I'd check-in. Thanks!","author_name":"Brian Viele","votes":1,"created_at":"2022-09-14T03:14:56Z"}]},{"id":207033,"entity_id":"wefunder:comment:207033","question":"In the Overview, \"avionics\" and \"control systems\" are both just mentioned in passing. Hoping you might consider adding some explanation in both places as to the role(s) served by these categories of components, when integrated into your customers' products? Thanks!","author_name":"Aron Roberts","votes":2,"created_at":"2022-06-01T16:03:28Z","canonical_url":"https://wefunder.com/allocortech#question-207033","answers":[{"id":207039,"entity_id":"wefunder:comment:207039","answer":"Great comment Aron. While we don't want to limit creativity of our customer uses, it would be good to show a sample implementation in the slides...it might border on a little too low level for a pitch deck, but definitely useful info to have in there for detail in the appendices. To directly address your question here, while we have some vision of how devices will be used, there's not really a limit to how our devices *can* be used in these vehicles, as they're really general platforms and we provide an open SDK to customers to develop their own software. Customers find new uses and configurations pretty regularly. As a fun coincidental example, we had some musings this morning about customers potentially wanting to use the Comet product, which is purpose built as a flight termination system (or E-Stop), as a backup flight computer. It has redundant compute elements, a cross-channel link between the compute elements, an integrated radio communication system and a handful of external I/O ports for communication with sensors/peripherals, and plenty of pony-power. (EDIT) - I've added some verbiage in the story to explicitly call out some example uses.","author_name":"Brian Viele","votes":2,"created_at":"2022-06-01T16:25:04Z"}]},{"id":255320,"entity_id":"wefunder:comment:255320","question":"what's the min and max investment","author_name":"Hip Monta","votes":1,"created_at":"2023-07-22T14:03:37Z","canonical_url":"https://wefunder.com/allocortech#question-255320","answers":[{"id":255347,"entity_id":"wefunder:comment:255347","answer":"This investment round is over. If we have a future crowdfunding round we will let you know.","author_name":"Brian Viele","votes":0,"created_at":"2023-07-22T23:38:05Z"}]},{"id":247813,"entity_id":"wefunder:comment:247813","question":"Good day: When is your next C.F. round? I am sorry I missed the first round.","author_name":"Clinton Noel Foster, SR","votes":1,"created_at":"2023-05-23T00:14:09Z","canonical_url":"https://wefunder.com/allocortech#question-247813","answers":[]},{"id":220005,"entity_id":"wefunder:comment:220005","question":"Can you explain deeper on the valuation and how your team justifies this number. If an exit would occur what company would be ideal to preform this transaction?","author_name":"Joseph Anthony Puccio","votes":1,"created_at":"2022-09-26T00:06:59Z","canonical_url":"https://wefunder.com/allocortech#question-220005","answers":[]},{"id":206799,"entity_id":"wefunder:comment:206799","question":"21% revenue growth at such an early stage is very low. Any reason for this. Usually companies at this stage are growing 100/200/300 %.","author_name":"Ahmed Jinnah","votes":1,"created_at":"2022-05-30T03:39:47Z","canonical_url":"https://wefunder.com/allocortech#question-206799","answers":[{"id":207023,"entity_id":"wefunder:comment:207023","answer":"Good question...I think there are some nuances specific to our company that hopefully I can shed some light on here. My first point would be that the \"usual\" for hardware companies in early stage development would be to have zero revenue, likely for multiple years, prior to generating their first dollar. Typically, these companies would live on funding for the first 12-24 months, and once they hit the market, it's pretty easy to see growth rates in the 100's of percents, but their overall revenues even during growth is small ($100k==\u0026gt;$300k==\u0026gt;$900k) etc. This may look better from a growth rate perspective, but doesn't paint the whole picture since there were years of negative net revenue leading up to this, and even with the revenue growth, they're likely still operating at a substantial loss. Due to our expertise in this field, we have been able to generate revenue through other avenues than just our hardware sales, namely specialty services related to aerospace projects, which has allowed us to internally fund our development to date, even with a small profit. This unfortunately somewhat obscures our critical growth in hardware sales. Hardware sales growth is a better proxy for where we are headed since we're a hardware company, and this ultimately where our large growth will come from. In this area specifically, we had ~55% growth last year, and have already surpassed 2021's sales by 20%, and it's June 1st! Secondly, given that our company is a hardware technology vertical based around vehicle development, and vehicle developments take years to get to even low-rate production, our steep growth will follow this schedule and come about when these vehicle projects start to reach production. This is shown in our projections, and we'd expect some of our early customers to hit this mark over the next 1-2 years, and thus our revenue will start to hit upwards of 300+% growth at this time driven by hardware sales.","author_name":"Brian Viele","votes":0,"created_at":"2022-06-01T13:33:08Z"}]},{"id":206040,"entity_id":"wefunder:comment:206040","question":"In which states and countries are you selling?","author_name":"Lea C","votes":1,"created_at":"2022-05-23T21:53:22Z","canonical_url":"https://wefunder.com/allocortech#question-206040","answers":[{"id":206091,"entity_id":"wefunder:comment:206091","answer":"Present customers are only in the US, and are really all over... So far CA, WA, OR, TN, VA, MA, FL, RI....","author_name":"Brian Viele","votes":0,"created_at":"2022-05-24T05:13:05Z"}]},{"id":205890,"entity_id":"wefunder:comment:205890","question":"Hello, would you be able to share a quick description of the individuals on your team and what makes it so exceptional?","author_name":"Saturnin Pugnet","votes":1,"created_at":"2022-05-21T12:11:15Z","canonical_url":"https://wefunder.com/allocortech#question-205890","answers":[{"id":205893,"entity_id":"wefunder:comment:205893","answer":"Great question! Most of the team come from industries where safety, robustness and quality are a primary consideration in design. Three of our EE and SWE dual-threats (Myself, Matt and Kevin S.) And our ME come from Aerospace, another of our software engineers comes from the medical device world, our Principal EE comes from rail...all safety critical segments. Where we have differentiated ourselves, and I think our co-founder Matt Walker is an exceptional illustration of, is that the core team has also been involved with advanced development projects, in and out of aircraft, so not only push robustness, but emphasize advanced technologies, software infrastructure features and tools to create not only more sophisticated, adaptable and advanced platforms than what is typically found in this industry, but also utilize these same features to further enhance the core aspects of safety and robustness. Additionally, our experience in designing aircraft systems from scratch in previous points in our careers has prepared us to know what is needed in our products, as well as to share this experience and expertise with our customers to give them sound footing for their designs from day one, not to mention numerous pitfalls we might be able to save them from having made some of those mistakes ourselves already. This is, in my mind, a pretty unique aspect of allocortech, as I'd contend not many avionics companies have folks on staff who have been involved in multiple ground-up manned capable electric airplane designs themselves.","author_name":"Brian Viele","votes":1,"created_at":"2022-05-21T12:41:12Z"}]},{"id":204393,"entity_id":"wefunder:comment:204393","question":"How much equity does the $1,070,000 goal represent?","author_name":"Michael Evans","votes":1,"created_at":"2022-05-06T03:07:21Z","canonical_url":"https://wefunder.com/allocortech#question-204393","answers":[{"id":204730,"entity_id":"wefunder:comment:204730","answer":"Given the valuation cap and interest accrual, this will equate to approximately 6% equity in the company.","author_name":"Brian Viele","votes":0,"created_at":"2022-05-10T03:56:54Z"}]},{"id":203853,"entity_id":"wefunder:comment:203853","question":"Is the company planning on supporting an airplane certification program (part 23 or equivalent) in the near to medium term?","author_name":"Herve Martins-rivas","votes":1,"created_at":"2022-05-02T17:54:05Z","canonical_url":"https://wefunder.com/allocortech#question-203853","answers":[{"id":203940,"entity_id":"wefunder:comment:203940","answer":"We do plan to support certification efforts. Our roadmap will be to ensure all of our hardware platforms are qualified (e.g. DO-160) over the next two years, but software certification will be a bit further down the road to match closer with what I'd expect our customer timelines to be. We don't expect to see significant revenue from certified aircraft until at least 2025, and our numbers do not rely on it. That said, some of these aircraft projects will have some significant non-certified phases where they've found auxiliary projects for their vehicles through different civilian or otherwise programs which will allow for some decent low rate production opportunities on the way to full production.","author_name":"Brian Viele","votes":0,"created_at":"2022-05-03T04:37:26Z"}]},{"id":203852,"entity_id":"wefunder:comment:203852","question":"The company is forecasting 10x product sales from 2023 to 2024? Can you elaborate on that?","author_name":"Herve Martins-rivas","votes":1,"created_at":"2022-05-02T17:53:08Z","canonical_url":"https://wefunder.com/allocortech#question-203852","answers":[{"id":203939,"entity_id":"wefunder:comment:203939","answer":"we'd expect our non-cert customers to ramp up to real production at this time. These are non-people carrying, non-commercial airspace customers and some just non-aerospace customers. In most cases, we're looking at multiple units per vehicle, so a production run of 1000 vehicles would be on the order of $10MM, in addition to our continued stream of new customers ordering 10'sies, and other customers that are in the low-rate production phases ordering high 10'sies to hundreds of units. One of the major reasons we're funding is to increase our production capabilities, as well as to source components to handle this demand. Initially, we're likely going to outsource major parts of the production to houses that already have appropriate tracking systems in place, while we stand up our manufacturing systems to just handle the last pieces of the line (essentially, receipt, configuration, testing and shipping to customers), in addition to handling the warranty/rma/etc. aspects at the system level. This should allow us to move from being able to build 10's of units per month to 100's of units per month fairly comfortably. Longer term, we would bring more and more aspects of the production line in-house, and further automate to get production costs down and support larger builds, etc., but I expect these would be large investments at the Series A/B round level once we have demand in the thousands of units, and are trying to improve our margins, as well as start looking toward that level of control in production for cert purposes.","author_name":"Brian Viele","votes":1,"created_at":"2022-05-03T04:32:09Z"}]}],"faq":[{"question":"The company is forecasting 10x product sales from 2023 to 2024? Can you elaborate on that?","answer":"we'd expect our non-cert customers to ramp up to real production at this time. These are non-people carrying, non-commercial airspace customers and some just non-aerospace customers. In most cases, we're looking at multiple units per vehicle, so a production run of 1000 vehicles would be on the order of $10MM, in addition to our continued stream of new customers ordering 10'sies, and other customers that are in the low-rate production phases ordering high 10'sies to hundreds of units. One of ..."},{"question":"Is the company planning on supporting an airplane certification program (part 23 or equivalent) in the near to medium term?","answer":"We do plan to support certification efforts. Our roadmap will be to ensure all of our hardware platforms are qualified (e.g. DO-160) over the next two years, but software certification will be a bit further down the road to match closer with what I'd expect our customer timelines to be. We don't expect to see significant revenue from certified aircraft until at least 2025, and our numbers do not rely on it. That said, some of these aircraft projects will have some significant non-certified ph..."},{"question":"Do you have a patent portfolio? Who are your competitors in this space and what differentiates you from them?","answer":"We have not filed for any patents on our technology, as the technical solutions themselves are not novel, rather the special sauce is in the robust implementations which stem from design processes of our team built over years of working in industries that require such safe and robust implementations. These types of things lend themselves much more to trade secrets than patents. We fit between really two groups of competitors, one being the hobby/consumer/hacker type components (think flying a..."},{"question":"How much equity does the $1,070,000 goal represent?","answer":"Given the valuation cap and interest accrual, this will equate to approximately 6% equity in the company."},{"question":"Great!!!!! Now, what is your CNs interest rate, due date?","answer":"Hey David. FYI, this is in our pitch deck, but noted here for convenience, it's a 3-year note at 6% interest and 20% discount."}]}}}