Atsign

Atsign

Growth Stage

The future of data privacy and device security is here. And it's open-source!

The future of data privacy and device security is here. And it's open-source!

Overview

Raised this Round: Raised: $168,889

Total Commitments ($USD)

Platform

Republic

Start Date

02/21/2023

Close Date

04/23/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$150

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$35,000,000

Discount

20%

Year Founded

2019

Industry

Security, Cybersecurity, & Defense

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

San Jose, California

Business Type

High Growth

Atsign, with a valuation of $35 million, is raising funds on Republic. The company has developed an open-source technology platform that helps to secure devices. The technology is used by system integrators, IoT device manufacturers, and organizations to make IoT devices invisible and impenetrable, IoT data unreadable, and IoT security affordable. The platform of Atsign, atPlatform, has components including atProtocol, atSign, atServer, atDirectory, atClient SDK, and atWidgets and atLibraries. Barbara Tallent, Colin Constable, and Kevin Nickels founded Atsign in July 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$89,125

$67,654

COGS

$116,298

$15,799

Tax

$0

$0

 

 

Net Income

$-3,818,268

$-2,213,994

Summary Balance Sheet

FY 2021 FY 2020

Cash

$4,922,452

$1,962,389

Accounts Receivable

$0

$0

Total Assets

$4,975,186

$2,030,336

Short-Term Debt

$87,395

$150,484

Long-Term Debt

$0

$4,110,000

Total Liabilities

$87,395

$4,260,484

Financials as of: 02/21/2023
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Atsign on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $35,000,000

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