Sphere

Sphere

Growth Stage

Augmented Reality Software for Collaboration, Used by Leading Enterprises

Augmented Reality Software for Collaboration, Used by Leading Enterprises

Overview

Raised this Round: Raised: $191,860

Total Commitments ($USD)

Platform

Republic

Start Date

08/06/2024

Close Date

11/16/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$50,000,000

Valuation Cap

$60,000,000

Discount

0%

Year Founded

2022

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

San Jose, California

Business Type

High Growth

Sphere, with a valuation of $60 million, is raising funds on Republic. The company has developed augmented reality software for collaboration. Sphere offers a multi-model and context-dependent input system to AI and brings about spatial collaboration with humanized interactions. The platform is being used by leading enterprises, like Pfizer, Micron, and Volkswagen, and generated $1.4 million in revenue in 2023. Sven Brunner founded Sphere in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for operations, product development, R&D, and sales and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,306,962

$978,211

COGS

$95,829

$130,447

Tax

$6,472

$44,178

 

 

Net Income

$-3,631,674

$-2,653,550

Summary Balance Sheet

FY 2023 FY 2022

Cash

$791,285

$4,730,566

Accounts Receivable

$755,969

$217,781

Total Assets

$3,471,336

$7,071,661

Short-Term Debt

$509,374

$501,981

Long-Term Debt

$0

$0

Total Liabilities

$509,374

$501,981

Financials as of: 08/06/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Sphere 11/16/2024 Republic $60,000,000 $191,860 SAFE Active RegCF

No prior online funding rounds.

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Sphere on Republic 2024
Platform: Republic
Security Type: SAFE
Valuation: $60,000,000

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