SovAI has filed a notice of an exempt offering of securities to raise $6 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, SovAI is raising up to $6 Million in new funding. The federal securities law requires the notice to be filed by companies that...
According to filings with the U.S. Securities and Exchange Commission, SovAI is raising up to $6 Million in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About SovAI
SovAI builds sovereign AI infrastructure, providing firm, on-site power and compute for the AI era. Our platform spans three pillars: Sovereign Fuel, Sovereign Power, and Sovereign Compute. We pair modular on-site generation and hybrid storage (SovGEN, SovSTOR, SovGRID, SovCOOL) with Scotty, our Digital Operating Engineer, the software platform that runs power and compute as one, second by second, to cut costs, firm power, and turn spare capacity into revenue. Through SovAI Enterprise, our virtual power plant, asset owners deploy their own batteries and gensets behind the meter while Scotty manages dispatch and shares the revenue. Built on NVIDIA DSX and a member of NVIDIA Inception, SovAI delivers AI compute that does not wait on the grid queue.
To learn more, visit http://www.sovai.ai/
LinkedIn: https://www.linkedin.com/company/sov-aii/
Contact:
Mark Waldron, President
https://www.linkedin.com/in/markwaldronn/
SOURCE: http://www.intelligence360.io
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