Tagged: computational

CoinTerra reports successful placement of its mezzanine securities


XDATA – August 15th 2014

cointerraA $960,000 unregistered mezzanine investment round initiated by CoinTerra was subscribed by forty-three financial backers. According to the information disclosed, the placement started on August 1st and was fully subscribed. One prior placement was closed under regulation D by the company and raised an estimated $1.3 million.

The company is a hardware and software developer that designs, produces and operates systems for the mining of bitcoin. The company also offers mining contracts for maintenance free mining, contracts prices range between $1,000 to $1.5 million for a 12 month contract.

The company was registered in 2013 and has its headquarters located in Austin TX. CoinTerra kept its revenues undisclosed.
The executive team includes Jaime Edwards, Pradeep Kumar Cheruvathoor, Ravi Iyengar, Sunny Kalara, Tamas Blummer and Timo Tobias Hanke.
The board of directors includes Jean Belanger.

The company has raised an estimated total of $2.26 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: CoinTerra
Industry: Computers
Amount offered: $960,000
Amount placed: $960,000
First sale: 08-01-2014
Data as of: 08-15-2014

For more information visit www.XDATA.co

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Stealth culturomics’ application closed on a $500,000 equity financing…priceless


Priceless, Inc. successfully completed its $500,000 equity offering which started this month. The non-brokered private placement was subscribed by two investors. This is the first time Priceless is raising money on the private placement market.

The stealthy nature of the company prevents us from knowing exactly what it will offer. However, knowing it was founded by mathematicians Jean-Baptiste Michel and Erez Aiden Lieberman allows us to ascertain it is related to culturomics, i.e. the application of massive scale data collection and analysis to the study of human culture and trends. The duo is behind the computational tool that inspired Google Labs’ NGram Viewer. NGram pulls from a database of 500 billion words and ideas coming from 5 million books spanning many centuries.

Jean-Baptiste Michel (President) leads the Brooklyn NY based company which was registered in 2011. Priceless, Inc. elected not to disclose its revenues.
The executive team includes Jean-Baptiste Michel, Alexandre Carel and Erez Aiden Lieberman.

Offering recap:
Status: Completed/Final close
Company: Priceless
Industry: Other Technology
Amount offered: $500,000
Amount placed: $500,000