Circle Optics

Early Stage

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

Overview

Raised to Date: Raised: $184,715

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/25/2023

Close Date

04/30/2023

Min. Goal

$150,000

Max. Goal

$1,000,000

Min. Investment

$360

Security Type

Equity - Preferred

Series

Seed

Funding Type

RegCF

Price Per Share

$1.62

Pre-Money Valuation

$20,000,741

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

123%

% of Max. Goal

18%

Likelihood of Max
extremely
Avg. Daily Raise

$23,089

# of Investors

59

Momentum
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Location

Rochester, New York

Industry

Media, Entertainment & Publishing

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Business Type

High 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

Most Recent Year Prior Year

Revenue

$424,484

$238,966

COGS

$355,890

$153,561

Tax

$0

$0

 

 

Net Income

$-584,308

$-660,825

Summary Balance Sheet

Most Recent Year Prior Year

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: 01/25/2023
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Circle Optics on Wefunder 2023
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,000,741

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