Clear Protocol

Clear Protocol

Early Stage

Information Technology-AI powered tool

Information Technology-AI powered tool

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Silicon Prairie Online

Start Date

11/29/2022

Close Date

04/11/2023

Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$1,000

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

30%

Year Founded

2016

Industry

Healthcare & Pharmaceuticals

Tech Sector

HealthTech

Distribution Model

B2B

Margin

High

Capital Intensity

High

Location

Encino, California

Business Type

Growth

Clear Protocol, with a valuation of $4 million, is raising funds on Silicon Prairie Online. The company has developed a patented software system that is voice-operated and uses electronic wearables. The tool can be used by doctors to select a procedure and validate it in real time. Clear Protocol plans to appeal directly to physicians by saving their data entry time and potential malpractice liability. The system is already in use in 90% of the hospitals and is embedded in EMR systems like Allscripts, Epic, Cerner, and MEDITECH. Ernest Kestone founded Clear Protocol in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used to complete the hospital pilot study, continue software development, and produce product test units.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$825

$622

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$5

$85

Accounts Receivable

$0

$0

Total Assets

$9,658

$8,119

Short-Term Debt

$0

$1,666

Long-Term Debt

$36,168

$13,496

Total Liabilities

$36,168

$15,162

Financials as of: 11/29/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Clear Protocol 03/21/2024 Silicon Prairie Online $4,000,000 $1,000 Convertible Note Not Funded RegCF
Clear Protocol 04/10/2023 Silicon Prairie Online $4,000,000 $0 Convertible Note Not Funded RegCF
Clear Protocol 05/19/2022 Silicon Prairie Online $4,000,000 $6,500 Convertible Note Not Funded RegCF
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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

Funding data not publicly available

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Clear Protocol on Silicon Prairie Online 2022
Platform: Silicon Prairie Online
Security Type: Convertible Note
Valuation: $4,000,000

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