CYBR

CYBR

[Closed for Investment] CYBR, with a valuation of $14 million, is raising funds on Republic. The company has developed software that uses artificial intelligence to detect problematic files that other safeguards miss. CYBRScan is a disruptive technology that addresses the issue of illicit file activity and is a must-have for any government, education, commercial, or non-profit organization. The company has key technology sharing and integration partnerships with IBM, AWS, and Raytheon and is leveraging consortium relationships for ME/NA regional growth. John Wilson Cochran founded CYBR in June 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for technology and product development, sales and marketing, infrastructure, and general working capital.

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Investment Overview

Raised this Round: Raised: $364,640

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
06/28/2024
Close Date
08/27/2024
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$300

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$14,000,000

Discount

0%

Company & Team

Company

Year Founded
2022
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Location
Strasburg, Virginia
Business Type
High Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
John Cochran
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue
$3,566,719
 Monthly Burn
Profitable
 Cash on Hand
$1,000,000
Gross Margin
31%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$3,566,719

$3,566,719

COGS

$2,459,555

$2,497,348

Tax

$0

$0

 

 

Net Income

$501,263

$458,137

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,979,505

$984,327

Accounts Receivable

$0

$0

Total Assets

$3,611,799

$2,577,797

Short-Term Debt

$780,100

$755,100

Long-Term Debt

$2,907,716

$2,625,230

Total Liabilities

$3,687,816

$3,380,330

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,900,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/27/2024 Republic $14,000,000 $364,640 SAFE Funded RegCF
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CYBR on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $14,000,000

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Follow CYBR on Republic 2024

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Warning: according to the close date for this deal, CYBR may no longer be accepting investments.

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