Financials
Use of funds and the illustrative revenue case.
US$5M buys 24 months of execution.
A 24-month runway before revenue. Subscriptions extend it.
-
US$1.92M 38%
Engineering & AI
Product engineering, AI research and platform delivery
-
US$1.25M 25%
Infrastructure & FPGA
Three Alveo cards, hosts, colo, network and redundancy
-
US$0.75M 15%
Data & connectivity
Market data licences, news, alternative data and feeds
-
US$0.50M 10%
Security, legal & compliance
Security, counsel, entity and regulatory work
-
US$0.38M 8%
Go-to-market
Beta conversion, content and founder-led sales
-
US$0.20M 4%
Working capital
Reserve and operating buffer
Commercial launch
Platform GA in 2027
Institutional pilots
Three funded pilots
IPO-grade reporting
Audit-ready from year one
A recurring-revenue model
with institutional upside.
US$ millions. Illustrative management case — not a forecast. No contracts assumed.
2030E revenue
US$18.7M
from US$1.1M in 2027
- Subscriptions
- API access
- Institutional licensing
- Custom mandates
EBITDA 2027
−US$1.15M
EBITDA 2028
−US$0.17M
EBITDA 2029
US$2.46M
EBITDA 2030
US$7.20M
Key drivers 2027 → 2030
- Community
- 20k → 45k
- Paid conversion
- 1.75% → 8.0%
- ARPU
- US$2.4k → US$3.6k
- Institutional licences
- 1 → 6
- Custom mandates
- 0 → 3
2030 sensitivity
A lower case would require resizing the operating plan or raising additional capital.
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The offering