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WitFoo

Operating

WitFoo, Inc.

Software & AI · Dunwoody, GA

WitFoo builds Precinct, a software suite for cyber security operations teams. It processes an organization's security information, coordinates investigative workflows, provides a global threat feed, and reports business metrics on risk, efficiency and gaps in the security practice.

Post-money valuation ⓘ
$5.0M
As of Mar 2018 · from Reg CF Offering (2017) · pre-money + amount raised, not a traded price
Total raised
$622,749
Crowd $89K · Private $534K · 4 rounds since 2017
Latest share price
$1.84
Reg CF · Common Stock · Sep 2017 offering price

Financials

FY2015–FY2025 · from SEC filings · hover any figure for its source
$11K
$487K
2018
$391K
−$393K
2019
$150K
$147K
2020
$644K
$145K
2021
$412K
−$223K
2022
$412K
−$223K
2023
$132K
−$693K
2024
$21K
−$1.2M
2025
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 3 earlier years are in the table below.

Metric
FY2015 unaudited*
FY2016 unaudited*
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Income statement
Revenue
$0
$0
$270,654
$10,705
$391,177
$150,039
$643,508
$411,553
$411,553
$132,268
$20,791
Cost of goods sold
$0
$102,319
$23,391
$5,050
$1,300
$900
$1,200
$637
$637
$250,201
$400
Gross margin
—
—
91%
53%
100%
99%
100%
100%
100%
-89%
98%
Net income
$0
-$363,370
-$980,301
$487,253
-$392,610
$146,602
$145,496
-$223,006
-$223,006
-$692,918
-$1,241,639
Taxes paid
$0
$7,689
$0
$8,575
$4,242
$27,116
$35,434
$0
$0
$0
$0
Balance sheet
Cash
$0
$18,859
$7,533
$267,627
$24,911
$2,449
$1,371
$44,393
$44,393
$70,888
$35,129
Accounts receivable
$0
$0
$0
$0
$0
-$28,200
$0
$0
$0
$35,000
$314,432
Total assets
$0
$20,359
$17,676
$341,806
$51,440
$50,868
$92,214
$177,940
$177,940
$430,078
$353,216
Short-term debt
$0
$17,229
$157,566
$5,462
$85,607
$133,165
$323,187
$273,411
$273,411
$186,357
$40,448
Long-term debt
$0
$0
$398,000
$185,256
$109,129
$254,900
$854,900
$975,565
$975,565
$1,604,493
$3,287,442
Total liabilities
$0
$17,229
$555,566
$190,718
$194,736
$388,065
$1,178,087
$1,248,976
$1,248,976
$1,790,850
$3,327,890
Other
Headcount
—
5
—
5
4
4
8
—
3
5
2

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
$4.9M
pre-money
Reg CF · Common · Sep 2017

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

Cap table

Principal holders% as the filing states it, Apr 21, 2023

  • Charles HerringCommon Stock12.6%of votes
  • Chris TobkinCommon Stock10.5%of votes
  • Reese ZomarCommon Stock10.5%of votes
  • Scott BurgCommon Stock9.72%of votes

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 $378.7KInvestors 10
Raised $155.5KInvestors 12
Raised $88.5K / $107KInvestors 71Post-money $5M

Team

4 people
Charles HerringFounder
CTO/Director

Charles’ dedication to maturing the craft of InfoSec is built on a diverse career path across the industry. He started his career in InfoSec in the US Navy in 2002 serving as the Network Security Officer at the US Naval Postgraduate School. After leaving active duty, he was a contributing product reviewer for InfoWorld magazine focusing on network security products. Charles spent 7 years running Herring Consulting, a company dedicated to process orchestration, data sharing, and marketing. In 2012, Charles joined the Lancope team as a pre-sales engineer, promoted to Consulting Security Architect and later as Strategic Account Manager. Experience: - February 2016 to Present : WitFoo Director - July 2017 to Present: WitFoo CTO - February 2016 to July 2017 - WitFoo CEO - July 2012 to August 2016 - Lancope/Cisco Consulting Security Architect

Tim BradfordFounder
CEO/Director

Tim Bradford is a Senior Executive with 20 years of experience in software sales and information security. He has extensive knowledge of direct sales, channel development, and sales management in both the US and abroad. Throughout the course of his career, Tim has been a proven sales leader, consistently meeting and exceeding quotas. He has closed strategic deals with BB&T, Cox Communications, Bank of America and Southern Company. Tim knows what it takes to develop and nurture a nonexistent territory and turn it into a profitable one; he is applying these same principles to grow WitFoo. Experience - February 2016 to Present : WitFoo Director - July 2017 to Present : WitFoo CEO - March 2017 to July 2017: WitFoo COO - January 2016 to March 2017: Hytrust Director of Southeast Sales March 2014 to December 2015: HyTrust Strategic Account Executive

Reese Zomar
Chief Security Officer/ Director

Reese holds bachelor degrees in Aerospace Engineering and Applied Mathematics from the University of Colorado and Masters Degree in Electrical Engineering from Rensselaer Polytechnic Institute. Reese is a Captain in the US Navy Reserves serving roles as an aviator and Information Security. Experience: - February 2017 to Present: WitFoo Chief Security Officer - February 2016 to Present: WitFoo Director - May 1991 to Present - US Navy Officer - March 2018 to January 2017 - US Department of Treasury Cybersecurity Manager

Chris Tobkin
Director

Experience - February 2017 to Present - WitFoo Director - January 2017 to June 2017 - Trapx Director of Sales - May 2014 to January 2017 - Lancope/Cisco Regional Sales Manager

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 requiredFewer than 300 holders of record

Filed 9 of 9 annual reports (FY2017–FY2025)

71 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 DJun 26, 20260001716974-26-000004
    EDGAR
  • Form D/AJun 26, 20260001716974-26-000003
    EDGAR
  • Form C-ARMar 5, 20260001716974-26-000001
    EDGAR
  • Form D/ASep 16, 20250001716974-25-000003
    EDGAR
  • Form DSep 16, 20250001716974-25-000004
    EDGAR
  • Form C-ARApr 16, 20250001716974-25-000002
    EDGAR
  • Form DSep 17, 20240001716974-24-000003
    EDGAR
  • Form C-ARApr 15, 20240001716974-24-000002
    EDGAR
Source: SEC EDGARCIK 0001716974DEShare price $1.84Last synced Aug 17, 2026

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.