|For more information and other transactions visit www.XDATA.co|
|XDATA – November 9th 2015|
|According to a document filed by Silk Labs with the SEC, the company launched a $2.53 million non-brokered equity offering. So far Silk Labs sold 88% or $2.23 million worth of new unregistered securities to ten backers. The subscription started on October 26th. Based on the offering’s structure, the company has until October 2016 to raise an extra $300,000. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.|
|Silk Labs develops an internet of things communication platform designed to enable smart devices to capture data from their sensors and send it over the network.|
|Silk Labs, registered in 2015, is headquartered in San Carlos CA. It is led by Andreas Gal (CEO). Revenues were not disclosed.
The executive team includes Christopher Jones.
Status: First close
Company: Silk Labs
Industry: Other Technology
Amount offered: $2.53 million
Amount placed: $2.23 million
SEC filing: Source
First sale: 10-26-2015
Data as of: 11-05-2015