New Sapience

Growth Stage

Synthetic Intelligence: An Alternative Approach to AI

Overview

Raised to Date: Raised: $273,211

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/31/2022

Close Date

03/27/2023

Min. Goal

$9,997

Max. Goal

$1,235,000

Min. Investment

$260

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.25

Pre-Money Valuation

$74,942,147

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

4

% of Min. Goal

2,733%

% of Max. Goal

22%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,911

# of Investors

319

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Stuart, Florida

Business Type

Growth

Company Website

New Sapience, with a valuation of $74.9 million, is raising funds on StartEngine. The company aims to use synthetic intelligence to make unique thinking machine prototypes with the acumen to speak and comprehend human language. The patented synthetic intelligence platform of New Sapience will overcome the limitations of artificial intelligence and replicate human knowledge in a better way. Bryant Cruse and Karsten Hunneycutt founded New Sapience in March 2015. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1.24 million. The campaign proceeds will be used to launch the technology and introduce it through social media, podcasts, interviews, and webinars.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-170,806

$-200,961

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,386

$184

Accounts Receivable

$9,608

$7,748

Total Assets

$12,994

$7,932

Short-Term Debt

$655,299

$574,143

Long-Term Debt

$115,613

$80,113

Total Liabilities

$770,912

$654,256
Financials as of: 10/31/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Are you the founder of New Sapience? Create your account today to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
New Sapience on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $74,942,147

Follow company

Follow New Sapience on StartEngine 2022
View on StartEngine
Deal Analytics
Company Ratings