ChipBrain (2020)
About this raise
ChipBrain, with a post-money valuation of $3.7 million, is raising crowdfunding on NetCapital. The company has made an emotionally-intelligent sales assistant for sales professionals. The assistant provides real-time feedback on the emotional response of the clients and helps the salespeople understand and communicate better. Lisa Vo, Curtis Northcutt, and John Fanning founded ChipBrain in June 2020. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $248,845, will be used for engineering and development, marketing, and general and administration expenses. ChipBrain identifies key turning points in conversations and predicts the likelihood of success. It has multiple competitive advantages, including personalized feedback, a data-driven approach, and real-time automated coaching for sales reps.
Investment Overview
Invested : $248,845
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 08/27/2020
- Close Date
- 10/26/2020
$10,000
$248,845
$1
Equity - Common
Early Stage
RegCF
$0.93
$3,533,600
Company & Team
Company
- Year Founded
- 2020
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| ChipBrain | 06/08/2023 | Netcapital | $20,151,418 | $716,664 | Equity - Common | Funded | RegCF |
| ChipBrain | 04/30/2021 | Netcapital | $10,016,818 | $821,155 | Equity - Common | Funded | RegCF |
| ChipBrain | 02/06/2021 | Netcapital | $10,837,973 | $0 | Equity - Common | Funded | Test the Waters |
| ChipBrain | 10/26/2020 | Netcapital | $3,533,600 | $248,845 | Equity - Common | Funded | RegCF |
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
Founder Interview
ChipBrain Co-Founders Discuss Empathy AI
There's a growing consensus that remote work is here to stay. And that means business practices will need to adapt to a virtual setting. One of the hardest things to do over video calls, however, is build relationships -- either within a team or with clients. The lack of body language and social cues in virtual settings can make sales and deal completions especially challenging.Enter ChipBrain. Through the use of emotionally intelligent AI, ChipBrain wants to provide a tool that allows users to tap into the emotional subtext of a virtual conversation. We spoke to co-founders Lisa Vo and Curtis Northcutt to learn more about empathy AI and their vision for what ChipBrain can do.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
