Faction Communications
About this raise
Faction Communications, with a valuation of $10 million, is raising funds on StartEngine. The company is developing true Zero Trust cybersecurity solutions for average users and SMBs. Faction Communications aims to make truly decentralized cybersecurity solutions simple, affordable, and accessible to make data, devices, and networks from hackers and criminals. The company has collaborated with many cyber labs to validate its approach and plans to execute its commercial rollout in 2025. David Rand, Geoffrey Halstead, and Ben Quniones founded Faction Communications in December 2022. The current crowdfunding campaign has a minimum target of $124,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, software development, inventory, business development and sales, operations and infrastructure, and miscellaneous expenses.
Investment Overview
Committed : $76,070
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/02/2025
- Close Date
- 07/02/2025
$124,000
$1,235,000
$500
Convertible Note
Early Stage
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Security, Cybersecurity, & Defense
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
-
$0
as of FY2023
- Monthly Burn
-
$75,000
as of Jan '25
-
Runway
-
0 months
as of Jan '25
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $784,800
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 07/02/2025 | StartEngine | $10,000,000 | $76,070 | Convertible Note | Active | RegCF |