Funding Details
- Awarder
- StartEngine
- Date Award
- December 29, 2023
- Vertical
- Machine Communication
- Funding URL
- View Funding Page
Company Info
- Traction
- The data landscape is evolving at an astonishing pace, with an anticipated 90 zettabytes of machine data projected by 2025, surpassing the storage capacity of global data centers. AtomBeam's cost-effective solution aims to alleviate network congestion and enhance security by reducing data connectivity and cloud service costs by up to 75%. AtomBeam's traction is undeniable, capturing the attention of industry giants like Amazon Web Services, Microsoft Azure, Intel, and more. High-profile corporations are actively engaged in testing and evaluating AtomBeam's Compaction technology— a testament to its effectiveness. These trials consistently demonstrate the solution's performance as advertised, fueling anticipation for widespread adoption. AtomBeam has already achieved $150,000 in revenue from the U.S. Air Force for Phase I contracts in 2023. In mid 2023, the company was awarded a Phase II contract for $1.2 million with the U.S. Space Force to develop Compaction for use over military satellites that is supported by Lockheed Martin. Also in mid-2023, the company was awarded a second Phase II contract for $1.2 million by the Air Force Research Laboratory to develop Neural Compaction for use in satellites and aircraft. Both of these contracts are already underway. In 2023, AtomBeam remains committed to expanding its reach, completing numerous proof-of-concept studies with industry leaders. With a strategic focus on productizing Compaction, we believe we are positioned to convert interested prospects into loyal customers, marking the beginning of a transformative journey in data optimization.
- Revenue Amount
-
$30,000,000
- Organizations Involved
- U.S. Air Force, Bain Capital, SpaceX, Lockheed Martin
- Founders
- Charles Yeomans, David White, JC Lin
- Company Description
- AtomBeam's Compaction software aims to revolutionize how machines communicate by increasing machine data network capacity by 4x, while adding security. AtomBeam has key industry leaders in its corner – Saab, USAF, U.S. Space Force, Nvidia, Amazon Web Services, Intel, and Viasat/Inmarsat. AtomBeam’s $2.4M in DoD contracts shows DoD’s confidence in the technology. AtomBeam's Compaction transcends industries, and could impact generative AI. Plus, brace for Neurocompaction, leveraging AI for cutting-edge sensor image compression for use in satellites and autonomous vehicles.
- Market
- Data Efficiency
- Location
-
Moraga,
CA,
US
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