rThreat

Early Stage

Cyber Security Testing

Overview

Raised to Date: Raised: $33,219

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/14/2022

Close Date

01/11/2023

Min. Goal

$10,000

Max. Goal

$1,069,999

Min. Investment

$249

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.89

Pre-Money Valuation

$17,010,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/31/2023

Days Remaining
Funded
% of Min. Goal

332%

% of Max. Goal

3%

Likelihood of Max
Funded
Avg. Daily Raise

$373

# of Investors

51

Momentum
Funded
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Location

Bellingham, Washington

Industry

Security, Cybersecurity, & Defense

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

High Growth

rThreat, with a valuation of $17 million, is raising funds on StartEngine. The company has developed a cybersecurity platform for users to continuously test their cybersecurity tools proactively. The tools of rThreat help users stay ahead of hackers by letting them understand how threats could impact them before hackers do and running real-world threat attack emulations. rThreat has an in-market product that is being distributed to direct customers and channel partners. Hugo Sanchez Chavez founded rThreat in July 2020. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.07 million. The campaign proceeds will be used for strategic partnerships, trade shows, sales, and marketing.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$123,846

$0

COGS

$112,477

$0

Tax

$0

$0

 

 

Net Income

$-599,412

$-163,294

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,781

$11,361

Accounts Receivable

$163,472

$0

Total Assets

$269,888

$42,073

Short-Term Debt

$630,173

$40,049

Long-Term Debt

$400,392

$164,719

Total Liabilities

$1,030,565

$204,768

Financials as of: 10/14/2022
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rThreat on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,010,000

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