Zanger Security

Zanger Security

Closed: Oct. 2024

About this raise: Zanger Security, with a valuation of $6 million, is raising funds on StartEngine. It is an AI-powered security and privacy tech startup focused on drone detection and privacy protection. Zanger Security aims to offer comprehensive security for securing not only entry points but entire areas. The company has successfully completed the development and testing of its AI algorithms and is currently patent-pending. Armen Eloyan founded Zanger Security in June 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for product development, market-ready hardware design, and IP protection.

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Investment Overview

Invested this round: $120,959

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
07/31/2024
Close Date
10/30/2024
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$6,000,000

Company & Team

Company

Year Founded
2021
Industry
Security, Cybersecurity, & Defense
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Elkins Park, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Armen Eloyan
Title
CEO

Financials

as of June 1, 2024
 Revenue
$0
 Monthly Burn
$14,000
 Runway
5.7 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-42,822

$-117,530

Summary Balance Sheet

FY 2023 FY 2022

Cash

$95,754

$174

Accounts Receivable

$0

$0

Total Assets

$97,770

$2,997

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/30/2024 StartEngine $6,000,000 $120,959 Equity - Common Funded RegCF
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Add to portfolio
Zanger Security on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,000,000
Price per Share: $2.00

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Follow Zanger Security on StartEngine 2024

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

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