How do you justify a 14M valuation given your traction? Why do the founders hold preferred stock instead of the more commonly accepted common stock? With Ayla having just closed their 4th round with over 64M total raised, how do you expect to compete against that kind of capital?

Hi Jacob, Good questions. Here is our answer to each of them. • We have derived our valuation number from industry standard valuation model for Series-A growth fund. Our current valuation is based on industry accepted VC Model done by a valuation agency that incorporates traction and potentials. Hence we believe we are on par with rest of the industry on the current valuation. • We strongly believe in the 3 key stakeholders – Employees, Clients and Investors are fundamental to the existent an...

A teaser valuation more inline with the risks of your start-up would certainly make investing more enticing. Hope you'd reconsider your thoughts on this.

Hi Barnaby, Thanks for your inputs. A one page valuation teaser has been added to our profile.

I like the pitch but my only concern , would be on the security side how will this platform be kept safe from maybe someone hacking it

Thanks for posting your security concern. Security is major concern for today’s IoT adoption and hence we have defined platform architecture with security as one of the foundation blocks of our platform. PAASMER defines security implementation at multiple layers – hardware, communication and application guided by our Patent pending dynamic encryption technology. PAASMER 1.0,the current version, enforces security at communication and applications layers. Hardware based security is left for the...

Looks like a company poised for success. Would you be able to share the most recent quarter's financial statements?

Hi Adam, Thanks for your question. Our recent revenue numbers are already part of the profile. You will have to scroll down to the middle of the profile to see them.

Chandra - can you provide more information on your Gartner partnership?

Hi Vivek, Thanks for your question. Our partnership with Gartner is in having them in an advisory role. We get to validate and refine our technology and market strategies with Gartner by directly interacting with lead analysts in the Internet of Things domain. Gartner analysts have comprehensive view of the market and their advice in terms of the technology; niche to focus; building partner ecosystem have proven critical for our business direction.

Mobodexter Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

1

We recently signed on to help build the Smart City project in Belgium, a project valued at $100 Million, that includes IoT & drones.

2

We've grown our revenue to 3-5x our 2016 base in Q1 & Q2 of this year and are optimistic to close the year with 10x to 15x of our 2016 revenue base, allowing us to target a possible breakeven soon.

3

We've partnered with Amazon for robust cloud storage and Intel, Qualcomm, Advantech and Microsoft to simplify IoT hardware.

4

Our Platform's unique innovations are in IoT Edge with Analytics, Machine Learning & AI; IoT Security with TOR & Blockchain.

5

Our Edge software availability for drones and the recent demo of our drone on Blockchain has gained us industrial, medical and drone delivery projects.

6

Successfully raised $266,641 from 339 investors during our first Wefunder round in December 2016.

Mobodexter

Software platform making it easy to build IoT and Drone projects

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