IT Security Solutions

IT Security Solutions

Closed: Apr. 2023

About this raise

IT Security Solutions, with a valuation of $6.5 million, is raising funds on NetCapital. The company provides cybersecurity solutions to detect and respond to attackers who are already inside the network. The business also simplifies the cybersecurity process by educating the clients and empowering them to protect their assets, implement actionable compliance, and provide more visibility for unseen activities. IT Security Solutions’ ITS Safe security appliance is designed with advanced cyber threats in mind and provides real-time protection against ransomware and zero-day exploits. Albert Whale and Jonnet Solomon founded IT Security Solutions in June 2018. The current crowdfunding campaign has a minimum target of $10,010 and a maximum target of $1,001,000. The campaign proceeds will be used for product development, business development, customer support, patents, and general and administrative expenses.

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Investment Overview

Invested this round: $14,105

Deal Terms

Total Commitments ($USD)

Platform
Netcapital
Start Date
07/13/2022
Close Date
04/28/2023
Min. Goal
$10,010
Max Goal
$1,001,000
Min. Investment

$104

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$13.00

Pre-Money Valuation

$6,500,000

Company & Team

Company

Year Founded
2018
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Pittsburgh, Pennsylvania
Business Type
High Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Albert Whale
Title
CEO
Founder Name
Jonnet Solomon
Title
Director, Accountant

Financials

 Revenue
$0
 Monthly Burn
$188
 Runway
7.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-2,250

$-1,280

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,325

$1,371

Accounts Receivable

$0

$0

Total Assets

$1,325

$1,371

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/28/2023 Netcapital $6,500,000 $14,105 Equity - Common Funded RegCF
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Add to portfolio
IT Security Solutions on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $6,500,000
Price per Share: $13.00

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Follow IT Security Solutions on NetCapital 2022

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

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