New Sapience

Growth Stage

Synthetic Intelligence: An Alternative Approach to AI

Analytics

Raised to Date: Raised: $120,396

Aggregate Commitments $

Platform

StartEngine

Start Date

10/31/2022

Close Date

01/26/2023

Min. Goal

$9,997

Max. Goal

$1,235,000

Min. Investment

$260

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Price Per Share

$3.25

Pre-Money Valuation

$74,942,147

Rolling Commitments $

Status

Active

Reporting Date

11/30/2022

Days Remaining

57

% of Min. Goal

1,204%

% of Max. Goal

10%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,013

# of Investors

158

Momentum
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Location

Stuart, Florida

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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

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