Circle Optics

Circle Optics

Early Stage

World’s only stitch-free panoramic multi-camera system. One click.

World’s only stitch-free panoramic multi-camera system. One click.

Overview

Raised this Round: Raised: $210,333

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/24/2023

Close Date

04/30/2023

Min. Goal
$150,000
Max. Goal
$1,000,000
Min. Investment

$360

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.62

Early Bird Valuation

$18,000,790

Pre-Money Valuation

$20,000,741

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Rochester, New York

Business Type

Growth

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.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$424,484

$238,966

COGS

$355,890

$153,561

Tax

$0

$0

 

 

Net Income

$-584,308

$-660,825

Summary Balance Sheet

FY 2021 FY 2020

Cash

$159,746

$50,599

Accounts Receivable

$24,800

$46,041

Total Assets

$271,490

$100,235

Short-Term Debt

$964,419

$736,447

Long-Term Debt

$822,311

$655,405

Total Liabilities

$1,786,730

$1,391,852

Financials as of: 01/24/2023
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Circle Optics on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,000,741
Price per Share: $1.62

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