The round in numbers
RoundUS$575,000
Equity24.2%
Pre-moneyUS$1,800,000
Post-moneyUS$2,375,000
24-month spendUS$522,563
24-month revenueUS$307,400
Monthly revenue, month 24US$28,700
Peak cash usedUS$220,197
Buffer if revenue landsUS$354,803
BreakevenMonth 18
Charts
Monthly revenue vs. spend
Bars: monthly operating cost. Line: projected revenue.
SpendRevenue
Cash used vs. round size
Cumulative loss (spend − revenue). While it stays below the dashed line, the round is enough.
Cumulative cash usedRound
Where does each month go?
Monthly spend by category: the team is the main cost.
Hired teamFoundersInfrastructure and AILegal and toolsMarketing
Use of funds (24 months)
How the full round is allocated, contingency included.
Product and engineering teamUS$269,270 · 46.8%
Sales, marketing and customer successUS$129,170 · 22.5%
Founders (time dedicated to the project)US$54,642 · 9.5%
Infrastructure and AI computeUS$32,280 · 5.6%
Legal, compliance and toolsUS$37,200 · 6.5%
Contingency (10%)US$52,256 · 9.1%
How it is calculated
- Cost per person = gross monthly salary in MXN × 1.35 (payroll burden) ÷ 18.5 MXN per dollar. E.g. AI / ML engineer, MXN 85,000 → US$6,203 per month.
- Founders: the 3 partners spend 12% of their time on this product = US$2,277 per month.
- Infrastructure and AI starts at US$1,000 per month and grows 3% a month with usage, reaching US$1,690 in month 24.
- Monthly spend = team + founders + infrastructure and AI + legal and tools + marketing. The 24 months add up to US$522,563.
- Round size = gross spend US$522,563 + 10% contingency US$52,256, rounded up to US$25k = US$575,000. Revenue is not netted out: if it does not arrive, the round still covers 24 months.
- Peak cash used = the highest point of cumulative loss (spend − revenue) = US$220,197, in month 23. Buffer = round − peak cash used = US$354,803.
- Equity = round ÷ (pre-money + round) = US$575,000 ÷ US$2,375,000 = 24.2%. The pre-money is anchored on real comparables (see Valuation).
- Breakeven = first month in which revenue covers spend: month 18.
Revenue estimate
Monthly revenue from US$0 in month 1 to US$28,700 in month 24 (US$344,400 annualized); US$307,400 cumulative over 24 months. Assumptions:
- INDUMET moves to a subscription in month 3 (US$1,700/month).
- One new customer every 2 months from month 6: ~11 customers by month 24.
- US$10,000 implementation per new customer, billed in its sign-up month.
- Average ticket of US$1,700/month (subscription + additional users).
Funded team
Market gross salaries for startups in Mexico; employer cost = salary × 1.35; exchange rate 18.5 MXN/USD.
| Role | Gross salary/month | Allocation | From | Cost US$/month |
|---|
| AI / ML engineer | MXN 85,000 | 1 | Month 1 | US$6,203 |
| Senior full-stack engineer | MXN 75,000 | 1 | Month 3 | US$5,473 |
| B2B account executive | MXN 40,000 | 1 | Month 4 | US$2,919 |
| Customer success / implementation | MXN 35,000 | 1 | Month 7 | US$2,554 |
| Founders (12% of their time) | — | — | Month 1 | US$2,277 |
Operating expenses
| Item | US$/month (month 1) |
|---|
| Infrastructure (servers, database, telephony) | US$400 |
| AI compute (LLM, voice, OCR) | US$600 |
| SaaS tools | US$250 |
| Legal, accounting and compliance | US$500 |
| Other (office, travel, insurance) | US$800 |
| Marketing | US$300 |
Infrastructure and AI compute grow 3% a month; everything else stays flat.
Valuation: why this pre-money
Equal to the YC reference: daily use at an industrial customer and fit with the manufacturing RFS, but no confirmed revenue.
| Comparable | Actual data | Source |
|---|
| Paperless Parts (US) | US$30 M Series B in 2021; ~US$33–35 M raised | venturecapitaljournal.com |
| Hadrian (US) | ~US$1.6 B after Series D in Jan-2026 [verify] | aggregator |
See month-by-month table
| Month | Revenue | Spend | Net cash flow | Cumulative cash used |
|---|
| Month 1 | US$0 | US$11,329 | −US$11,329 | US$11,329 |
| Month 2 | US$0 | US$11,359 | −US$11,359 | US$22,689 |
| Month 3 | US$1,700 | US$16,862 | −US$15,162 | US$37,851 |
| Month 4 | US$1,700 | US$20,511 | −US$18,811 | US$56,663 |
| Month 5 | US$1,700 | US$20,541 | −US$18,841 | US$75,504 |
| Month 6 | US$13,400 | US$20,571 | −US$7,171 | US$82,675 |
| Month 7 | US$3,400 | US$23,155 | −US$19,755 | US$102,431 |
| Month 8 | US$15,100 | US$23,185 | −US$8,085 | US$110,516 |
| Month 9 | US$5,100 | US$23,215 | −US$18,115 | US$128,632 |
| Month 10 | US$16,800 | US$23,245 | −US$6,445 | US$135,077 |
| Month 11 | US$6,800 | US$23,275 | −US$16,475 | US$151,552 |
| Month 12 | US$18,500 | US$23,305 | −US$4,805 | US$156,358 |
| Month 13 | US$8,500 | US$23,335 | −US$14,835 | US$171,193 |
| Month 14 | US$20,200 | US$23,365 | −US$3,165 | US$174,359 |
| Month 15 | US$10,200 | US$23,395 | −US$13,195 | US$187,554 |
| Month 16 | US$21,900 | US$23,425 | −US$1,525 | US$189,079 |
| Month 17 | US$11,900 | US$23,455 | −US$11,555 | US$200,635 |
| Month 18 | US$23,600 | US$23,485 | US$115 | US$200,520 |
| Month 19 | US$13,600 | US$23,515 | −US$9,915 | US$210,436 |
| Month 20 | US$25,300 | US$23,545 | US$1,755 | US$208,681 |
| Month 21 | US$15,300 | US$23,575 | −US$8,275 | US$216,956 |
| Month 22 | US$27,000 | US$23,605 | US$3,395 | US$213,562 |
| Month 23 | US$17,000 | US$23,635 | −US$6,635 | US$220,197 |
| Month 24 | US$28,700 | US$23,665 | US$5,035 | US$215,163 |
A projection, not a result: the figures depend on the stated assumptions and are not a public offering of securities.
