Tagged: assistance system

First close initiated by Cruise Automation after raising 67% of its $3 million target


XDATA – December 3rd 2015
One investor bought $2 million worth of mezzanine securities from Cruise Automation on November 18th. According to the data disclosed, the company expects to raise a total of $3 million via this non-brokered financing. $1 million in additional funding can be raised before November 2016 based on the placement’s structure. One prior placement was closed under regulation D by the company and raised an estimated $16.89 million.
Cruise Automation commercializes RP-1 an autopilot for cars. It controls steering, throttle, and braking, making sure the car remains safely in its lane and a safe distance from the car in front. Investors include Spark Capital and Y Combinator.
Kyle Vogt (President) leads the San Francisco CA based company which was registered in 2013. Cruise Automation kept its revenues undisclosed.
The board of directors includes Nabeel Hyatt.

The company has raised an estimated total of $18.89 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Cruise Automation
Industry: Other Technology
Amount offered: $3 million
Amount placed: $2 million
SEC filing: Source
First sale: 11-18-2015
Data as of: 12-01-2015
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Late filer NAUTO reports first close at $2.84 million on its mezzanine offering


For more information and other transactions visit http://www.XDATA.co
XDATA – October 29th 2015
Late filer NAUTO placed 81% of its non-brokered mezzanine financing with seven backers. The company launched the offering to raise $3.5 million, so far investors started to subscribe to $2.84 million last March. Based on the offering’s structure, the company has until March 2016 to raise an extra $656,000. Unregistered securities don’t appear to have been previously sold by the company.
NAUTO commercializes a vision-enhanced connected car system featuring an in-vehicle device, network and application. Users can easily upgrade any car to get network and safety features previously only available in high-end luxury cars. Its device collects and uploads visual data to a smart and secure cloud, which then produces valuable insights to help drivers operate vehicles more efficiently, effectively and safely. Investors include Ahmad Chatila, Mark Platshon, John Cheong, and Doug Mandell.
NAUTO, registered in 2015, is headquartered in Palo Alto CA. It is led by Heck Stefan (CEO). Revenues remained undisclosed.
Offering recap
Status: First close
Company: NAUTO
Industry: Computers
Amount offered: $3.5 million
Amount placed: $2.84 million
SEC filing: Source
First sale: 03-31-2015
Data as of: 10-29-2015