Atakama

[Closed for Investment] Atakama, with a valuation of $29 million, is raising funds on Wefunder. The company has developed the technology to protect data and privacy against cyberattacks. The platform challenges the status quo of conventional data protection and provides unhackable data security with its distributed encryption key management. Atakama’s technology locks each piece of data with its own encryption key, and the key is then split across multiple devices. Atakama has grown its annualized revenue by ten times in the past year and now exceeded $1 million. Daniel H. Gallancy and Dimitri Nemirovsky founded Atakama in March 2014. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for hiring staff, marketing and sales, research and development, and operating capital.

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Investment Overview

Raised this Round:
$4,934,328 - RegCF
$6,584,386 - Total

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/30/2022
Close Date
07/15/2023
Min. Goal
$1,000,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$29,000,000

Discount

0%

Company & Team

Company

Year Founded
2014
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
23
Prior Founder Exits?
No
Founder Name
Dimitri Nemirovsky
Title
COO
Founder Name
Daniel Gallancy
Title
CEO

Financials

 Revenue
$100,987
 Monthly Burn
$389,723
 Runway
0.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$100,987

$12,359

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-4,676,675

$-2,504,515

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$182,688

$685,373

Accounts Receivable

$44,564

$6,887

Total Assets

$423,211

$723,736

Short-Term Debt

$311,752

$359,918

Long-Term Debt

$10,098,119

$5,673,804

Total Liabilities

$10,409,871

$6,033,722

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,218,843
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2024 Wefunder $50,000,000 $112,544 SAFE Funded RegCF
11/23/2023 Wefunder $33,350,000 $4,407,757 SAFE Funded RegCF
07/15/2023 Wefunder $29,000,000 $6,584,386 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Atakama on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $29,000,000

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