Witfoo

Witfoo

Closed: Mar. 2018

About this raise

Ordering online. Social media. New apps. It’s almost impossible to avoid entering your personal data online in this day and age. In fact, with the amount of personal information we all have online, you’d think cyber security systems would be ironclad by this point. Impenetrable. Unhackable. And yet...they’re not.

That’s where WitFoo comes into play. Don’t let the name fool you. It’s no goofy cartoon character. No - WitFoo is like the kung-foo of cyber security. It claims to have some karate-style moves and gear to help the good guys win in cyber warfare. A lot of times, information security teams are doing everything they can to prevent data breaches, but due to the amount of noise they are dealing with, the fact that they are understaffed, and that they have more threats than they can look closely at, makes it difficult to beat every threat that comes their way.

WitFoo arms those teams with the weapons they need to win. WitFoo’s product helps reduce the amount of noise and time spent in security investigations, while also allowing teams to prioritize which threats they should focus on. The intuitive interface allows less experienced investigators to quickly understand and respond to complex attacks with reporting from diverse data sources. WitFoo also gathers and provides metrics to show just how hard-working and awesome these security teams really are.

Co-founders Tim Bradford and Charles Herring, and their team, have some kung-foo cyber security experience too. They have a combined 40-plus years of experience in the military, law enforcement, and cyber security, and their current sales pipeline consists of more than $4 million in active opportunities. Current clients also include Nexum and Structured.

So far, WitFoo has earned about $1,000 of their $10,000 minimum goal. They have 52 more days to get there, and maybe they will. The world definitely needs a cyber security kung and wit foo master to help protect our information out there. Time will tell, though, if WitFoo is truly the black belt we are looking for and if it’s wit - and foo-l - proof to invest.

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Investment Overview

Invested this round: $107,000

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
10/02/2017
Close Date
03/25/2018
Min. Goal
$9,999
Max Goal
$107,000
Min. Investment

$499

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.84

Pre-Money Valuation

$4,915,963

Company & Team

Company

Year Founded
2016
Industry
Security, Cybersecurity, & Defense
Tech Sector
Distribution Model
B2B
Margin
Capital Intensity
Location
Atlanta, Georgia
Company Website
Visit Website

Team

Employees
5

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/25/2018 StartEngine $4,915,963 $107,000 Equity - Common Funded RegCF
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Witfoo on Startengine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $4,915,963
Price per Share: $1.84

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Warning: according to the close date for this deal, Witfoo may no longer be accepting investments.

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