HyperSciences

Harnessing the power of extreme velocity

Analytics

Raised to Date: $1,069,549

Aggregate Commitments $
Platform

StartEngine

Start Date

10/26/2020

Close Date

03/16/2021

Min. Goal

$9,999

Max. Goal

$1,069,997

Min. Investment

$492

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$38,800,000

Rolling Commitments $
Status
Funded
Reporting Date

03/31/2021

Days Remaining
Funded
% of Min. Goal

10,696%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$7,585

# of Investors

825

Momentum
Funded
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Location

Spokane, Washington

Industry

Energy, Power, & Natural Resources

Tech Sector

Hardwaretech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

HyperSciences, with a pre-money valuation of $38.8 million, is raising crowdfunding on StartEngine. The company is using its proprietary hypersonic accelerator to revolutionize several industries, including aerospace, mining, tunneling, and clean energy drilling. The accelerator of HyperSciences is one of the world’s fastest engines. Mark Russell founded HyperSciences in 2014. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.36 and a maximum raise of $1,069,996.80, will be used to take the low-cost HyperDrill to a mature stage and secure new paid pilot projects. HyperSciences has successfully delivered on contracts with companies like Shell and NASA. Currently, it is under contract with two major mining and energy corporations.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$501,430

$82,860

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,680,777

$-2,166,043

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$1,431,036

$1,291,133

Accounts Receivable

$120,000

$0

Total Assets

$2,579,333

$2,071,164

Short-Term Debt

$1,650,090

$1,607,175

Long-Term Debt

$1,935,893

$1,752,964

Total Liabilities

$3,585,983

$3,360,139

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