New Sapience

New Sapience

Growth Stage

Synthetic Intelligence: An Alternative Approach to AI

Synthetic Intelligence: An Alternative Approach to AI

Overview

Raised to Date: Raised: $1,167,382

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/30/2022

Close Date

10/02/2023

Min. Goal
$9,997
Max. Goal
$1,235,000
Min. Investment

$260

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.25

Pre-Money Valuation

$74,942,147

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,474

# of Investors

935

Momentum
Funded
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Year Founded

2015

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Stuart, Florida

Business Type

Growth

New Sapience, with a valuation of $74.9 million, is raising funds on StartEngine. The company aims to use synthetic intelligence to make unique thinking machine prototypes with the acumen to speak and comprehend human language. The patented synthetic intelligence platform of New Sapience will overcome the limitations of artificial intelligence and replicate human knowledge in a better way. Bryant Cruse and Karsten Hunneycutt founded New Sapience in March 2015. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1.24 million. The campaign proceeds will be used to launch the technology and introduce it through social media, podcasts, interviews, and webinars.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-170,806

$-200,961

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,386

$184

Accounts Receivable

$9,608

$7,748

Total Assets

$12,994

$7,932

Short-Term Debt

$655,299

$574,143

Long-Term Debt

$115,613

$80,113

Total Liabilities

$770,912

$654,256

Financials as of: 10/30/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
New Sapience 03/30/2025 Dealmaker Securities $98,093,908 $139,180 Equity - Common Active RegCF
New Sapience 10/01/2023 StartEngine $74,942,147 $1,167,382 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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New Sapience on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $74,942,147
Price per Share: $3.25

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