Investor update templates - Example

icon picker
Ultraview Update - December 2023

Subject: Ultraview Update - December 2023

12-Second Summary

Brig Gen, ret. Max Stitzer has joined Ultraviews advisory board
The team is meeting with the leadership team of a space company to discuss integrating Ultraviews platform with their maintenance program
Launched Website

Operations

Created an updated contract for Ascent Aviation Services.
Completed work on the website.
Completed technical handover from the Rizse team and have begun reorganizing and cleaning up the codebase to restart more proactive development.
Have begun breaking out our new roadmap into high-level functional requirements.
Are mid-way through a trial sprint with a really talented engineer interested in joining the team, pending funding.
Continued the rebranding of Rizse product materials (example attached)
Ultraview_Specs_Letter.pdf
59.1 kB

Customer

Completed an initial readout with our contacts at Blue Origin in preparation for a larger cross-functional workshop in the coming days.
MOU signed by Lackland AFB to continue with an Air Force Phase 2 SBIR.
LOI signed by FEAM, one of the largest MROs In North America.

Team

Brought on Tyler Mobray (Former Googler) as Sr. DevOps Engineer
Brought on Henry Cappel is a robotics engineer
Brought back Russell Fromm (Prior Rizse engineer) as Sr. Robotics engineer

Fundraising

Fundraising Goal for Seed $2.5M
We've held many conversations over Ultraviews fundraise and are in deeper diligence with several funds for our $2.5M seed raise. Soft commitments have been made, but there is limited space still available. Our close date has been adjusted due to the holidays, and have set the funding close date to January 30th. For commitments made and SAFE agreement signed before December 31st, a discount will be applied.

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

For those who are ready to support this round, I will be taking meetings until December 15th and again starting January 3rd.
We are still looking for introductions to angels for our round that is currently open.
You can find Ultraview’s investor deck
.

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.


Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
CtrlP
) instead.