BrainScanology
An objective diagnosis & risk score for common brain diseases delivered in 24hr
Overview
Raised: $88,750
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/14/2022
Close Date
12/30/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$20,000,000
Discount Rate
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/01/2023
Days Remaining
Funded
% of Min. Goal
178%
% of Max. Goal
8%
Likelihood of Max
Funded
Avg. Daily Raise
$1,153
# of Investors
68
Momentum
Funded
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Location
Cupertino, California
Industry
Healthcare & Pharmaceuticals
Tech Sector
HealthTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
BrainScanology, with a valuation of $20 million, is raising funds on Wefunder. The company has developed the technology to study MRI scans of the brain to track the risk of developing bipolar disorder, ADHD, dementia, or Alzheimer’s disease. The technology uses the Linearised Compressed Polar Coordinates (LCPC) transform to track the risks. BrainScanology’s algorithm works on images from ultrasound/X-rays/CTs/MRIs and for every organ and multiple diseases in each organ. Harini Kumar and Dave Nguyen founded BrainScanology in August 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$7,235 |
$0 |
| ||
| ||
|
Net Income |
$-508,409 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$372,595 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$394,369 |
$0 |
|
Short-Term Debt |
$59,037 |
$0 |
|
Long-Term Debt |
$842,741 |
$0 |
|
Total Liabilities |
$901,778 |
$0 |
Financials as of: 10/14/2022
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