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SapientX

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SapientX Inc.

Software & AI · AI · Santa Cruz, CA · Founded 2016

A.I. software that gives a voice and intelligence to products.

Post-money valuation ⓘ
$10.3M
As of Dec 2024 · from Reg CF Offering (2024) · pre-money + amount raised, not a traded price
Total raised
$3,041,677
Crowd $3.0M · Private $45K · 5 rounds since 2018
Latest share price
$0.65
Reg CF · Preferred Stock · Jan 2024 offering price

Financials

FY2016–FY2022 · from SEC filings · hover any figure for its source
$1K
−$98K
2016
$53K
−$92K
2017
$41K
−$255K
2018
$530
−$444K
2019
$0
−$410K
2020
$39K
$568K
2021
$0
−$996K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed
FY2018 reviewed
FY2019 audited*
FY2020 audited
FY2021 audited
FY2022 audited*
Income statement
Revenue
$1,000
$53,490
$41,010
$530
$0
$38,998
$0
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
Gross margin
100%
100%
100%
100%
—
100%
—
Net income
-$98,417
-$92,401
-$254,785
-$443,948
-$409,622
$567,670
-$995,887
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$4,163
$17
$227,917
$8,577
$229,200
$5,445
$875,580
Accounts receivable
$0
$22,740
$0
$0
$0
$28,998
$0
Total assets
$185,969
$132,230
$265,057
$14,995
$229,655
$84,336
$1,058,220
Short-term debt
$0
$93,387
$117,439
$42,263
$176,819
$297,198
$210,167
Long-term debt
$56,833
$0
$0
$155,025
$0
$0
$0
Total liabilities
$56,833
$93,387
$117,439
$197,288
$176,819
$297,198
$210,167
Other
Headcount
—
3
3
3
3
3
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$5.0M
pre-money
$7.0M
pre-money
$7.9M
pre-money
$10.1M
pre-money
Reg CF · Preferred · Sep 2018
Reg CF · Preferred · Jun 2020
Reg CF · Preferred · Dec 2021
Reg CF · Preferred · Jan 2024

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$0.65$0.0204$0.0006
Sep 2018Jan 2024
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Jan 31, 2021
Preferred stock · 10.9%common stock · 89.1%
ClassOutstandingVotes / shareShare of totalLast price
Preferred stockpreferred975,672—10.9%$0.65Jan 2024
common stock8,000,000—89.1%—
Total8,975,672100%

Shares outstanding over timein today's share terms

9.0M4.5M0
Jan 2018Jan 2021
common stockPreferred stockRound openedSplit / conversion

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $126.1K / $2MInvestors 169Post-money $10.3M
Raised $1.7M / $4.2MInvestors 2,798Post-money $10.1M
Raised $822.2K / $1.1MInvestors 1,688Post-money $7.8M
Raised $325K / $1.1MPost-money $5.3M

Team

18 people
Bruce WilcoxFounder
Founder

Bruce Wilcox has deep experience in A.I., having won the Loebner Prize 4 times in a yearly chatbot competition. He has worked in A.I. for Fujitsu, 3DO, and Amazon where he co-wrote patents on motion control and gesture interfaces. Prior to SapientX, Bruce used an earlier version of our technology to power the Talking Angela app (a virtual pet) leading to 65 million downloads and a $1B exit for game company Outfit7! (PT)

David ColleenFounder
CEO & Chairman

David Colleen, CEO, likes to build things. He's an AI and VR entrepreneur. He studied architecture and business at Cornell and has been running companies for 30 years. Previously, he founded Planet 9 Studios, and he helped Matterport launch their products and attract their first customers. During this time, he has developed customer relationships with 17 Fortune 100 companies. (FT)

Maclen MarvitFounder
Founder & Advisor

Maclen is an actual rocket scientist having worked at NASA and Blue Origin. He lives to lead talented engineers to build world beating products. (PT)

Nasir Kahn
CTO

Nasir is a full stack software developer that began his career in the game industry. He started advising our team in 2016 and actively began to develop software with us in 2020. In 2021, he assumed the role of CTO due to his strong engineering skills and team leadership.

Boris Blosse
Character Animation Engineer

Boris leads our avatar developers. He has deep experience in all things 3D, and he worked with Dave Arendash at Accenture. (PT)

Chris Toukmaji
Junior Engineer

Chris heads our conversational A.I. engineering. (PT)

Conrad Pereira
Software Engineer R&D Intern

Conrad's focus is in using machine learning for transcription and summerization. (PT)

Dave Lorenzini
Advisor - Business Development

AR & VR consultant and former head of business development for Google Earth.

David Apgar
Advisor - Finance

David is the Director of Venture Funding at Santa Cruz County Bank. He has acted as interim CFO for many startups including SapientX.

Show 9 more people
David Urbanic
Sales & Strategic Partnerships Manager

David joined SapientX in 2019, and he has deep experience in technical sales and marketing. David listens to customers. He began his career managing developer support at Borland and went on to build the original customer service team at Netflix. He was part of the LivePicture team with John Sculley and Eric Chen. David founded and funded Zoomify, successfully licensing their technology to companies such as Adobe with sales in dozens of markets and in over 100 countries. (FT)

Drue Freeman
Board Director

Former SVP of NXP Semiconductors focused on the auto industry. Today, he is a senior member of San Hill Angels, and he advises a number of startups.

Emily Troutner
Marketing Manager

Emily was part of Intel's senior team and has worked at Stanford Medical. (PT)

Hira Daud
Senior Engineer

Hira Daud has a great passion for engineering mobile systems. She is a full stack developer and is at home in developing applications for Android, iOS and HTML5. (PT)

Nick Ushio
Business Development

Nick has deep experience in sales and was part of the senior teams at Panasonic and Mitsubishi. (PT)

Robert Blair
CONSULTANT

Over 35 years of global executive & operating experience - including CEO, CFO, General Manager, Sales, Mktg, Biz Dev, R/D in Technology related businesses. Former CEO of LSI Logic Europe and Sales at Maserati.

Xingxin Ma
Embedded Systems Engineer (Consultant)

Xingxin is an automotive systems engineer and worked with Geely (Volvo) and Rivian before joining us. (She is currently on leave.)

Shree Sarkaran
Board Member

Shree is a machine learning specialist (FT).

Patricia E. Glovsky
Director

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 4 of 8 annual reports (FY2018–FY2025)

2,798 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C/AApr 29, 20240001670254-24-000497
    EDGAR
  • Form CDec 18, 20230001670254-23-001149
    EDGAR
  • Form C-TRJan 27, 20230001665160-23-000145
    EDGAR
  • Form C-UDec 1, 20220001665160-22-003006
    EDGAR
  • Form C/ASep 23, 20220001665160-22-002481
    EDGAR
  • Form C/AJul 29, 20220001665160-22-002121
    EDGAR
  • Form C/AJul 21, 20220001665160-22-002068
    EDGAR
  • Form C-ARMay 31, 20220001665160-22-001720
    EDGAR
Source: ManualCIK 0001742055DEShare price $0.65

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.