Tap Systems

Patented Input Technology that Unlocks the Full Potential of AR & VR

Print
Claim My Business
Security Type
Debt
Categories
Hardware, Technology, Virtual Reality, Female Founder, Wearables, B2C, Ecommerce, AR & VR
Min Investment
$100
Location
Pasadena, CA
Offering Date
September 09, 2021
Expected Close Date
April 30, 2023
Target Raise
$200.00K-$5.00M
No. Investors
3
Security Price
$2
Valuation
$51,272,000
Website
tapwithus.com
Number of Employees
10
Cash
$424,689
Revenue
$705,434
Short Term Debt
$662,075
Cost of Goods
$206,795
Long Term Debt
$6,129,869
Net Income
$1,644,240

Company Description

MEET TAP. The Plug & Play, All-In-One, Wearable Keyboard, Mouse & Air Gesture Controller is the Perfect Input Solution for Augmented and Virtual Reality. The Tap Strap consists of five flexible rings, connected together by strips of braided nylon. Each ring contains a three-axis accelerometer, and the thumb ring also contains a six-axis IMU, an optical mouse chip, haptic element, battery, and circuit board. The nylon braid contains conductors that bring the signals from the sensors to the circuit board, where an MCU collects the data, derives the tap combination, and transmits the information via Bluetooth.

Key Deal Facts

Tap solves a critical problem in the multi-billion dollar AR and VR industry.
Tap has over $2 million in sales to date, tens of thousands of customers, and a 4 star Amazon rating
Founders include co-inventor of the Cell Phone Camera & inventor of Digital Xray, w/IPO, Acquisition
We have raised over $13 million to date from founders, investors, and individuals.
Our 2018 crowdfunding offering sold out, and was oversubscribed by almost 50%.
Facebook, Apple, Google & other leading companies are investing billions in developing AR/VR systems.
The AR/VR market is projected to be almost $300 billion by 2024.
Tap is fast, accurate, mobile and eyes free - it is the perfect solution for wearable AR & VR.

Management Team / Advisory Board Bios

Dovid Schick, CEO and Co-Founder
David Schick is the founder and former CEO of Schick Technologies, where he invented and commercialized the first digital X-ray systems for dentists. He took the Company public on the NASDAQ in less than five years. Mr. Schick has over 100 patents.

Dr. Sabrina Kemeny, President and Co-Founder
Kemeny is the co-inventor of the CMOS image sensor chip used in virtually all digital cameras. She is the co-founder and former CEO of Photobit, which successfully scaled up and commercialized the technology before selling the company to Micron.
Amount Raised : $2,923,761
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments