Cyber Crucible

Cyber Crucible

Open  for investment

About this raise

Cyber Crucible, with a valuation of $45 million, is raising funds on Wefunder. The company uses machine learning to prevent ransomware and data theft automatically. Cyber Crucible is designed to completely neutralize modern AI-driven threats and prevent malware at the kernel level. The business has a 100% success rate against ransomware to date and generated $1.8 million in sales in 2023. Dennis Underwood founded Cyber Crucible in December 2014. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $1.24 million. The campaign proceeds will be used for website and rebranding, digital sales and marketing, training, and product expansion.

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Investment Overview

Committed this round: $102,864

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
01/13/2025
Close Date
04/30/2025
Min. Goal
$75,000
Max Goal
$1,235,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$45,000,000

Discount

20%

Company & Team

Company

Year Founded
2014
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Dennis Underwood
Title
CEO

Financials

as of January 1, 2025
 Revenue +84% YoY
$510,009
 Monthly Burn
$3,700
 Runway
24+ months
Gross Margin
79%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$510,009

$277,565

COGS

$106,639

$37,780

Tax

$0

$0

 

 

Net Income

$-493,014

$-690,241

Summary Balance Sheet

FY 2023 FY 2022

Cash

$154,122

$97,147

Accounts Receivable

$709,400

$39,713

Total Assets

$1,467,881

$646,975

Short-Term Debt

$985,358

$316,604

Long-Term Debt

$2,569,045

$1,959,885

Total Liabilities

$3,554,403

$2,276,489

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$870,910
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $45,000,000 $102,864 Convertible Note Active RegCF
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Add to portfolio
Cyber Crucible on Wefunder 2025
Platform: Wefunder
Security Type: Convertible Note
Valuation: $45,000,000

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Follow Cyber Crucible on Wefunder 2025

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