Circle Optics
About this raise
Circle Optics, with a valuation of $20 million, is raising funds on Wefunder. The company has developed the world’s first seamless and stitch-free panoramic multi-camera system. The 360 degrees camera system of Circle Optics works by aligning fields of view rather than overlapping them and creates images without any distortion and perspective errors. Circle Optics’ technology has received $3.7 million in contracts with NASA, Space Force, Air Force, and NSF and aims to improve aircraft navigation and prevent collisions. Zak Niazi founded Circle Optics in December 2017. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1 million. The campaign proceeds will be used for hiring engineers and sales and development employees, prototyping expenses, and marketing.
Investment Overview
Invested : $210,333
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 01/25/2023
- Close Date
- 04/30/2023
$150,000
$1,000,000
$360
Equity - Preferred
Seed
RegCF
$1.62
$18,000,790
$20,000,741
Company & Team
Company
- Year Founded
- 2017
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2B
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +77% YoY
- $424,484
- Monthly Burn
- $48,692
-
Runway
- 3.3 months
- Gross Margin
- 16%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,950,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $20,000,741 | $210,333 | Equity - Preferred | Funded | RegCF |