Atakama

[Closed for Investment] Atakama, with a valuation of $50 million, is raising funds on Wefunder. The company has developed the technology to protect data and privacy against cyberattacks. Atakama’s platform challenges the status quo of conventional data protection and provides unhackable data security with its distributed encryption key management. The technology locks each piece of data with its own encryption key, and the key is then split across multiple devices. Daniel H. Gallancy and Dimitri Nemirovsky founded Atakama in March 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $551,780. The campaign proceeds will be used for salaries, sales and marketing, and advertising.

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Investment Overview

Raised this Round: Raised: $112,544

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/22/2024
Close Date
06/30/2024
Min. Goal
$50,000
Max. Goal
$551,780
Min. Investment

$100

Security Type

SAFE

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$45,000,000

Valuation Cap

$50,000,000

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
18
Prior Founder Exits?
No
Founder Name
Dimitri Nemirovsky
Title
COO
Founder Name
Daniel Gallancy
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +618% YoY
$725,172
 Monthly Burn
$539,077
 Runway
12.8 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,129,188

$725,172

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-6,468,926

$-5,661,697

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,908,824

$4,365,539

Accounts Receivable

$110,401

$702,760

Total Assets

$7,040,777

$5,250,348

Short-Term Debt

$658,075

$1,006,007

Long-Term Debt

$18,280,204

$14,880,204

Total Liabilities

$18,938,279

$15,886,211

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$14,156,451
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 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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