New Sapience (2023)

New Sapience (2023)

About this raise

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.

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Investment Overview

Invested this round: $1,167,382

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/31/2022
Close Date
10/02/2023
Min. Goal
$9,997
Max Goal
$1,235,000
Min. Investment

$260

Security Type

Equity - Common

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.25

Pre-Money Valuation

$74,942,147

Company & Team

Company

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
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Bryant Cruse
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$14,234
 Runway
0.2 months

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,762,226
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2025 DealMaker Securities $98,093,908 $2,433,784 Equity - Common Active RegCF
10/02/2023 StartEngine $74,942,147 $1,167,382 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
New Sapience on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $74,942,147
Price per Share: $3.25

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Warning: according to the close date for this deal, New Sapience may no longer be accepting investments.

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