SapientX

SapientX

Early Stage

A.I. Software Solving Staffing Shortages

A.I. Software Solving Staffing Shortages

Overview

Raised to Date: Raised: $77,225

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/17/2023

Close Date

04/28/2024

Min. Goal
$50,001
Max. Goal
$618,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.65

Pre-Money Valuation

$10,136,027

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/23/2024

Days Remaining

65

% of Min. Goal

154%

% of Max. Goal

13%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,136

# of Investors

83

Momentum
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Santa Cruz, California

Business Type

Growth

SapientX, with a valuation of $10.14 million, is raising funds on Wefunder. The artificial intelligence software developed by the company provides voice and intelligence to products. SapientX’s voice technology can interact with users naturally and is applicable to vehicles, robots, telework, and consumer goods. The software is complete, with over 30 prototypes delivered to Mitsubishi, Yamaha, Murakami, NEC, Haier, KTM and more. David Colleen, Maclen Marvit, and Bruce Wilcox founded SapientX in April 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $617,999. The campaign proceeds will be used for sales, marketing, customer integration engineering, and patents completion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$38,998

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-995,887

$-567,670

Summary Balance Sheet

FY 2022 FY 2021

Cash

$875,580

$5,445

Accounts Receivable

$0

$28,998

Total Assets

$1,058,220

$95,159

Short-Term Debt

$210,167

$297,198

Long-Term Debt

$0

$0

Total Liabilities

$210,167

$297,198

Financials as of: 12/17/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
SapientX 04/28/2024 Wefunder $10,136,027 $77,225 Equity - Preferred Active RegCF
SapientX 11/27/2022 StartEngine $7,920,000 $1,723,370 Equity - Preferred Funded RegCF
SapientX 05/29/2021 Wefunder $6,900,000 $841,183 Equity - Preferred Funded RegCF
SapientX 11/01/2018 SeedInvest $5,000,000 $388,455 Equity - Preferred Funded RegCF / RegD 506(c)
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SapientX on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $10,136,027
Price per Share: $0.65

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