Rixon Technology
About this raise
Rixon Technology is raising funds on SMBX. The company empowers businesses with a proactive and customizable approach to data security. The solutions offered by Rixon Technology help businesses overcome the complexities of regulatory requirements and cyber attacks. The patented, cloud-native, and vaultless tokenization technology of Rixon transforms sensitive information into unusable characters and eliminates data breaches. David Johnson and Justin Hatcher founded Rixon Technology in February 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for digital marketing, brand awareness, and working capital.
Investment Overview
Invested $112,530 :
Deal Terms
Company & Team
Company
- Year Founded
- 2014
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Capital Intensity
- Low
Financials
- Revenue +213% YoY
- $176,609
- Monthly Burn
- Profitable
-
Cash on Hand
- $83,165
- Gross Margin
- 93%
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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 |
---|---|---|---|---|---|---|
05/02/2022 | SMBX | - | $112,530 | Debt | Funded | RegCF |