Gryphon Online Safety
Cloud managed network protection with machine learning to keep families and businesses safe
Overview
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
Avg. Daily Raise
$4,210
# of Investors
150
Momentum
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Location
San Diego, California
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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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Analyst Report
Pending Review