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ByteNite

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Form C
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Security Type
CAFES
Categories
Technology, Retail, Financial Services, Media
Min Investment
$100
Location
San Francisco, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
149
Security Price
$1
Website
bytenite.com
Number of Employees
2
Cash
$53,079
Revenue
$160
Short Term Debt
$2,584
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-120,055

Key Deal Facts

Up to 10x faster than AWS EC2 Every network user can earn up to $150/mo from each device Raised $600K and established our HQ in San Francisco Released a video encoding app and plan to launch an AI inference app by late 2023 We save up to 37% energy relative to server farms

Management Team / Advisory Board Bios

Fabio Caironi CEO & FounderMathematics, statistics, and economics background. Inventor of a patent-pending method and system for high-throughput distributed computing., Niccolò Castelli CTOSoftware engineer for 17 years, business administration background, and 6+ years experience with startups., RJ Sahni Business Development, Lauren Glazer Head of MarketingBerkeley philosophy BA with 7 years of marketing, consulted 12+ startups internationally and in Silicon Valley., Florin Varga Backend Developer6-year experience in backend engineering and data science background, Raffaele Di Crosta Board Member & Investor40-year experience in the electronic industry, CEO & Founder of Ksenia Security S.p.A., Giorgio Finaurini Board Member20-year experience in the electronic industry, CCO & Founder of Ksenia Security S.p.A., Paolo Privitera AdvisorSilicon Valley-based entrepreneur and investor, MIT MBA, 6X Founder, 4X Exit

Amount Raised : $157,885
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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