Next-Gen realtime malware & threat mitigation using Blockchain Crowdsourcing and Artificial IntelligenceAt OpenAVN, we believe in innovation that complements the growing trends in the market, which will lead to more secure products and services as a sum outcome. OpenAVN - Open Anti-Virus Network was created with the intention to solve a particularly hard classification problem that exists in security that is critical to the upcoming generation of computing. It uses Blockchain and AI to create a widespread network to collect diversified samples globally, enables us to foster an ecosystem that can serve the market exponentially faster than any other existing antivirus products.On average, the Antivirus Industry takes anywhere between 25-30+ days to identify, isolate, and remediate viruses an... [Read More]
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders.
November 26, 2019
February 24, 2020
Open to Investors
Development, Sales and Marketing, Operations, Salaries
Co-Founder & CEO
An Open-source Advocate, upcoming Cybersecurity leader, and a highly entrepreneurial individual, Harish has deep expertise in malware mitigation, vulnerability analysis, and threat mitigation technologies. As a long-time blockchain enthusiast, he was able to envision combining the benefits of the distributed capabilities of blockchain and the swift analytical capabilities of Artificial Intelligence to provide real-time malware protection to individual consumers and enterprises alike.
Co-Founder & CFO
Shivaprakash is an entrepreneur, an academician and is on the Board of several companies in the USA and India. He was a tenured Professor and was the Chairman of the Computer Science Department at University of Dubuque, Iowa, USA for over 6 years; Shivaprakash subsequently became an entrepreneur from the late 1990's and got involved in several mergers and acquisitions from 2001 and onwards. He has been invited as a guest speaker at several universities on topics such as Global IT perspective, Management strategies, Management Information Systems, and Global Paradigm Shift. Over the years he has received several awards such as "Entrepreneur of the Year" (from Dallas Chamber of Commerce), "Blue Chip Entrepreneur" (from US Chamber of Commerce & Mass Mutual) and "Humanitarian of the Year" (from Rotary Club International). He has degrees in Electrical & Electronic Engineering, Computer Science and Business Administration.
Round type: Seed Round size: US $500,000 Minimum investment: US $1,000 Target Minimum: US $350,000 Security Type: Crowd Note Conversion discount: 20.0% Valuation Cap: US $4,500,000 Interest rate: 5.0% Note term: 24 months Closing conditions: While OpenAVN has set an overall target minimum of US $350,000 for the round, OpenAVN must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to OpenAVN's Form C. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $75,000 US $0 (under Reg CF only)
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