CypherTax, with a valuation of $27 million, is raising funds on Equifund. The company is a tax management software firm aiming to significantly reduce taxpayer compliance burdens through its AI-powered platform. CypherTax's platform automates the reverse auditing and appeals process, potentially reducing the time down to 1-2 days and providing detailed reverse audit reports. With a potential sales pipeline of $20 million, the company is seeking $5 million to start scaling up and prepare for a potential IPO. Parent company Cypher Group Holdings was founded in 2015. The current crowdfunding campaign has a minimum funding goal of $19,999 and a maximum target of $4.99 million. The company intends to use the net proceeds of this offering on software engineering, artificial intelligence platform, marketing, and for other general corporate purposes.