Overview

Raised to Date: Raised: $75,085

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

11/15/2021

Close Date

03/22/2022

Min. Goal

$50,000

Max. Goal

$300,000

Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$4,000,000

Valuation Cap

$5,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

03/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$596

# of Investors

90

Momentum

Funded

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CAMDOG

Year Founded

2019

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Company Website

CAMDOG, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an AI-based security system for small and medium businesses. The system can be easily installed in existing CCTV camera systems and increases the surveillance potential of the existing systems. CAMDOG is a member of the NVIDIA Inception Program and Starta Ventures Alumni and started selling in January 2021. Dmytro Usenko founded CAMDOG in July 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for product development, online marketing, and hiring.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$400	$0
COGS	$0	$0
Tax	$0	$0
Net Income	$-6,375	$-4,450

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$22,712	$9,062
Accounts Receivable	$0	$0
Total Assets	$119,200	$65,550
Short-Term Debt	$0	$0
Long-Term Debt	$0	$0
Total Liabilities	$0	$0

Financials as of: 11/15/2021

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CAMDOG Founder Dmytro Usenko Is Bringing Security to Small Businesses

Safety is equally important to businesses and individuals. Although the rate of property crimes in the United States has been decreasing for decades, violent crimes have been on the rise in recent years. While large corporations can invest large sums into security, smaller businesses may not be able to afford expensive security systems.

CAMDOG has designed an affordable artificial intelligence security system that can work together with existing CCTV cameras. It’s easy to use and can even predict crimes before they occur, potentially saving property and lives. We reached out to founder and CEO Dmytro Usenko to learn why the company decided to try crowdfunding and how Camdog might be applied to schools in the future.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview