Gryphon Online Safety

Cloud managed network protection with machine learning to keep families and businesses safe

Overview

Raised to Date: Raised: $265,239

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/02/2022

Close Date

04/30/2023

Min. Goal

$150,000

Max. Goal

$3,000,000

Min. Investment

$100

Security Type

SAFE

Series

Series A

Funding Type

RegCF

Valuation Cap

$35,000,000

Discount Rate

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/03/2023

Days Remaining

86

% of Min. Goal

177%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,210

# of Investors

150

Momentum
warm.svg
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Location

San Diego, California

Industry

Security, Cybersecurity, & Defense

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Gryphon Online Safety, with a valuation of $35 million, is raising funds on Wefunder. The company is offering a cloud-managed network-based protection service platform against cyber threats. The system comes with a high-performance WiFi system, a simple app, and machine learning. Gryphon Online Safety has generated $9 million in total sales and shipped over 60,000 units. John Wu and Arup Bhattacharya founded Gryphon in 2014. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $3 million. The campaign proceeds will be used for sales and marketing, research and development, operations, and general and administration expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,770,738

$3,285,938

COGS

$1,630,509

$1,886,714

Tax

$0

$0

 

 

Net Income

$-2,267,459

$-1,545,501

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,376,665

$865,829

Accounts Receivable

$0

$14,131

Total Assets

$5,061,484

$3,081,998

Short-Term Debt

$1,051,511

$1,879,053

Long-Term Debt

$158,152

$152,527

Total Liabilities

$1,209,663

$2,031,580

Financials as of: 12/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Gryphon Online Safety 04/30/2023 Wefunder $35,000,000 $265,239 SAFE Active RegCF
Gryphon Online Safety 11/30/2022 Republic $35,000,000 $213,028 SAFE Funded RegCF
Gryphon 09/30/2021 SeedInvest $25,000,000 $6,179,278 Equity - Preferred Funded RegA+
Gryphon 04/21/2021 SeedInvest $25,000,000 $1,959,289 Equity - Preferred Funded Test the Waters
Gryphon 03/23/2018 SeedInvest - $775,389 Debt Funded RegCF / RegD 506(c)
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Gryphon Online Safety on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $35,000,000
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