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Investor update templates - Example

Subject: Ultraview Update - September 2023

12-Second Summary

Rizse's CEO is prepping to send signature documents for us to sign to close the IP purchase.
Updated the Ultraview Pitch deck further, which can be found attached to this email.
Fed Supernova @ Capital Factory was incredibly useful. Lockheed Martin Ventures and Blue Origin Innovation team.

Operations

The Ultraview team has begun working on several documents needed to start our official seed round. (I.e., financial model, Hiring plan, Use of funds, Customer LOIs...etc.)

Customer

No updates available

Team

Through our networks, we've begun identifying and holding high-level conversations with critical roles that we will need to fill.
Robotics Engineer
Full-stack Engineer
Sales Engineer
Dev-Ops/Site Reliability
Machine learning/CV/Autonomy Expert - Leadership

Fundraising

Fundraising Goal for Seed $2.5M
The structure of our Angel round has changed! We are raising on a SAFE with a $6M Valuation Cap, @ 20% discount for our angels! if you have any questions, please feel free to reach out to me.
Current committed funds: $57,000 (pending $44,000 from USAF contract)

Series Seed Funding Objectives (Jan 2024 - March 2025)
Leadership Team Onboarding: Onboard full-time leadership team to drive product and business strategy execution.
Engineering Team Onboarding: Expand the engineering team to advance our technical roadmap.
This includes focusing on product development, technology integration, and addressing market demands.
Computer Vision Advancement: Invest in enhancing our computer vision capabilities, utilizing synthetic data to refine our algorithms and improve accuracy.
Early Access Program Implementation: Launch an Early Access Program with 3-4 initial customers.
The goal is to gather data on deployment timelines and conversion rates from pilot programs to full-scale contracts and to assess customer satisfaction and system reliability.

Ask

Thank you for coming on this journey with us here at Ultraview; your support will make this company successful. We need all of you to grow and scale this business, and I've listed a few items we could use your help with.
We are still looking for introductions to angels for our round that is currently open.
I'll attach the deck to this email. Check out the new design. 😉
Connections to AI/CV/Machine Learning Experts at a leadership level.
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