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Security Type
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SAFE
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Min Investment
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$250
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Offering Date
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August 05, 2024
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Expected Close Date
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November 16, 2024
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Target Raise
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$50.00K-$1.24M
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No. Investors
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65
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Security Price
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$1
- Number of Employees
- 11
- Cash
- $791,285
- Revenue
- $1,306,962
- Short Term Debt
- $509,374
- Cost of Goods
- $95,829
- Long Term Debt
- $0
- Net Income
- $-3,631,674
Company Description
Current remote work solutions often force a harsh trade-off: absorb high costs and travel time for in-person meetings, or settle for limitations of video conferencing tools.
Perks
Invest
$2,500
Receive
Remote private demo with senior member of the Sphere team
Invest
$6,000
Receive
In-person demo with Sphere team member (must be in New York City, San Jose, San Francisco, Los Angeles, Toronto, Vancouver, Paris or Zurich)
Invest
$15,000
Receive
Get a Quest 3 with Sphere's app pre-loaded, plus you'll also receive a quarterly newsletter that offers an exclusive first look at major milestones on Sphere's roadmap and what's next in XR
Invest
$30,000
Receive
Get an Apple Vision Pro, plus you'll also receive a quarterly newsletter that offers an exclusive first look at major milestones on Sphere's roadmap and what's next in XR
Invest
$50,000
Receive
You'll receive quarterly investor updates, as well as an invite to a private cocktail/tapas party with all of our top investors
Invest
$150,000
Receive
You'll receive quarterly investor updates and be flown to the Sphere office of your choice (San Jose or Zurich). This will also include a two-night hotel stay. During this trip, you'll get a private demo with a senior team member, and the opportunity to meet the local team
Key Deal Facts
Raised $8M from Series A in early 2022
Targeting the XR market ($472B by 2029) & AI market ($407B by 2027)
40+ businesses using Sphere, including Pfizer, Volkswagen, Micron, and more
$1.4M revenue in 2023; on pace for 93% growth in 2024
Device-agnostic, compatible with Meta Quest 3, Apple Vision Pro, and more
Industries: aerospace, defense, manufacturing, healthcare and education
Management Team / Advisory Board Bios
Sven Brunner
Founder & CEO
Renowned leader in the XR community (ex Disney Research)
Colin Yao
CTO
11+ years of software engineering and leadership experience (ex Magic Leap)
Jessica Gyles
Head of Operations
10+ years of experience in various human resources, operations, and strategy roles
Jason Lee
Head of Sales
20+ years of enterprise software sales experience (ex TIBCO ex IFS)
Leon Laroue
Head of Partnerships
9+ years leading product strategy for major XR companies
Alexandra Corey
Head of Marketing
10+ years of marketing leadership and founder experience, 2 successful exits