iVALT
Early Stage
ONE IDENTITY FOR EVERYTHING.
Overview
Platform
Mundial Financial Group
Start Date
04/09/2024
Close Date
05/31/2024
Min. Goal
$10,000
Max. Goal
$500,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$45,000,000
Year Founded
2019
Industry
Security, Cybersecurity, & Defense
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
iVALT, with a valuation of $45 million, is raising funds on Mundial Financial Group. The company is developing zero-trust enterprise identity solutions that go beyond usernames, passwords, and two-factor authenticator apps. iVALT’s Universal Biometric ID is a single user ID that can be used for everything and eliminates the need for passwords entirely. The identity solutions of iVALT do not rely on biometrics and leverage smartphone capabilities to create a patented combination of device ID, biometrics, location, time window, and app code. Baldev Krishan and Brian Stout founded iVALT in January 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$20,333 |
$16,667 |
|
COGS |
$0 |
$0 |
|
Tax |
$1,279 |
$800 |
| ||
| ||
|
Net Income |
$-124,808 |
$-24,303 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$171,230 |
$1,015 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$173,299 |
$1,015 |
|
Short-Term Debt |
$0 |
$202,341 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$202,341 |
Financials as of: 04/09/2024
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