Company Profile (AI Text)
Name: Rayyan Systems Inc.
Canonical URL: https://wefunder.com/rayyan.systems
Updated at: 2026-06-02T05:00:44Z

Tagline: An AI tool to extract knowledge from research to accelerate scientific discovery
Elevator pitch: Rayyan helps researchers quickly extract and synthesize valuable data from research papers to accelerate scientific discovery and support evidence based medicine.

Key claims:
- Total raised on Wefunder: 478950 | citation: https://wefunder.com/rayyan.systems#claim-total-raised
- Total investors: 97 | citation: https://wefunder.com/rayyan.systems#claim-total-investors

Verified facts:
- Total raised on Wefunder: 478950 | observed_at: 2026-06-02T05:00:44Z | expires_at: 2026-06-03T05:00:44Z
- Total investors: 97 | observed_at: 2026-06-02T05:00:44Z | expires_at: 2026-06-03T05:00:44Z

Computed metrics:
- total_amount_raised: 478950
- total_investors: 97
- team_size: 4
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 0

Quick facts:
- 500,000 researchers across 180 countries use Rayyan to conduct research | citation: https://wefunder.com/rayyan.systems#claim-fact-1
- 1 Billion research studies have been reviewed using Rayyan | citation: https://wefunder.com/rayyan.systems#claim-fact-2
- 1 Million research projects have been started on Rayyan | citation: https://wefunder.com/rayyan.systems#claim-fact-3
- 20 million annotations to data are made in a single 30 day period. | citation: https://wefunder.com/rayyan.systems#claim-fact-4

FAQ:
- Q: what is your valuation cap?
  A: This is an unpriced round. We will be raising a follow on round from institutional investors in a priced round. The 20% discount will be applied to that pre-money valuation.
- Q: I'm a fan of the AI tools that have been coming out of QCRI and by facilitating scientific research with a freemium model to share access widely, this could be a real public good. My main concerns are around monetisation and exit - how can you reassure potential investors on t...
  A: Thank you for your comments and questions Iain. Monetization - We will start offering premium services by the end of this month (September) with more premium services becoming available by year end. We will continue to increase the value proposition of premium services over time to achieve our revenue targets. We have enough runway already in terms of our financing to earn at least a full year's worth of revenues or more during which time we will use our early monetization to reinvest in prod...
- Q: What is your minimum funding goal and what is your max for this raise?
  A: Our goal is to add to funds already invested. We have raised more than $750k in investment out of which more than $500K remains. We established the campaign with a minimum goal of $50k and a maximum goal of $1.07M. We will be generating revenues during the period covered by our current financing which will make it easier to interest follow on investors and extend our runway further. We believe the additional capital we are raising will allow us to achieve more faster by investing in growth (t...
- Q: Same question as Mao Sen Wu, do you have a valuation cap for the SAFE?
  A: This is an unpriced round offering investors a 20% discount. The 20% discount will be applied to the pre-money valuation paid by institutional investors in the priced round which follows. The SAFE is structured this way to allow the company to raise more funds now until a professional or institutional investor assigns a value to the company in a priced investment. This allows us to best preserve the interests of all investors past, present and future fairly by offering a rate of return in the...
- Q: Hi there, if you could answer the following that would be great: a) What is your current burn rate? b) What is your current cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
  A: A) burn has been $50k per month and will climb to $55k. B) cash on hand is equivalent to 3 months burn. Our revenues are climbing and covered 33% of burn last month up from 25% and 20% in months prior as we work toward profitability C) We are raising in parallel with direct to cap table investments. TMD Ventures is one of our investors which includes the Founder of DocuSign and a former DocuSign executive who have agreed to become Advisors. This round will be a bridge round while we secure a ...