rThreat
Early Stage
Cyber Security Testing
Overview
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
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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