Atsign
Growth Stage
The future of data privacy and device security is here. And it's open-source!
Overview
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
Valuation Cap
$35,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,815
# of Investors
175
Momentum
Funded
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Year Founded
2019
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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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