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Scarf

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uuid0002728

Namestring
Scarf
Legal namestring
Scarf Systems, Inc.
Websiteurl
scarf.sh
Company typeenum
Private
Founded yearint
2019
Descriptiontext

Scarf Systems, Inc., founded in 2019 and headquartered in Oakland, California, operates an AI-augmented open source intelligence platform that instruments how agents and humans find, install, and depend on OSS packages, containers, documentation, and binaries. The platform tracks approximately 2 billion daily OSS downloads, 308 million unique end users, and 3.3 million companies, covering 96% of the Fortune 500, and turns these usage signals into GTM intelligence, security context, and developer-relations workflow inputs without storing personally identifiable information. The product portfolio centers on the Scarf Platform and an "Scarf AI" analyst agent for natural-language querying and autonomous workflows, with solution modules targeting sales leaders (OQL identification and ABM), marketing teams, security teams via Dependency Radar (OSS consumption monitoring), and OSS project ROI measurement, complemented by a Go SDK released in October 2025 for embedding into agent and application workflows.

The company's technology is built around proprietary instrumentation embedded into OSS distribution pipelines (the "Scarf Gateway"), enabling visibility that container registries and package managers do not publicly share, including version adoption, component deployment, and organization-level usage from first touch through production. Scarf AI exposes natural-language investigation, agentic workflow construction, and a recommendation engine that surfaces qualification signals for sales, marketing, RevOps, and DevRel teams; the platform integrates natively with Slack, Claude Code, and OpenClaw, and offers REST APIs for custom data export and workflow automation. The company holds SOC 2 Type 2 certification and is an Approved External Service Provider of the Apache Software Foundation.

Scarf generates revenue through a SaaS subscription model with monthly billing, offered via self-serve sign-up at app.scarf.sh with pricing not publicly disclosed. GTM combines product-led self-serve for individuals and startups with an account-based motion driven by OSS usage signals targeting sales, marketing, RevOps, DevRel, and security buyers. A diverse base of more than 20 publicly named customers spans open source maintainers (Buoyant for Linkerd, Heroic Labs, Cal.com, Budibase, Redpanda, Diagrid), enterprises (Sysdig, DataStax, Astronomer, Chronosphere, Liquibase, InfluxData), and academic institutions (Carnegie Mellon). Disclosed funding totals approximately $7.3M across a 2020 seed round and a December 2021 $5.3M round led by Race Capital with Freestyle Capital, with no subsequent priced round disclosed.

Short descriptiontext

Scarf is an AI-augmented open source intelligence platform that tracks billions of OSS downloads and hundreds of millions of end users, delivering usage analytics, ABM lead signals, and security context to OSS maintainers, B2B sales and marketing teams, and security organizations.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersOakland, United States
HQ citystring
Oakland
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
open source intelligence, OSS usage analytics, developer observability, GTM intelligence, software supply chain security
SIC code1 code
  • Services-Prepackaged Software7372
Product category
Open Source Intelligence Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Platform Subscription
TypeSubscription Recurring
Description

Scarf operates as a SaaS platform tracking OSS downloads and providing intelligence services. The platform offers tiered access to tracking features, AI analytics, and workflow integrations. Revenue is generated through subscription-based access to the platform with various usage tiers.

scarf.sh
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Pricing details1 tier
1Platform access with sign-up
ModelSubscriptionBilling cadenceMonthly
Notes

Public pricing not available. Users can sign up at app.scarf.sh/register for platform access.

scarf.sh
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 of 4 records shown
1Dependency Radar
Description

Open source dependency monitoring and security intelligence product

scarf.sh
+3 more records
Core offering1 text field

Scarf is a SaaS platform that tracks how agents and humans find, install, and depend on open source software, capturing package activity across downloads, containers, docs, and binaries. It converts these usage signals into go-to-market intelligence, security context, and AI-native workflows for sales, marketing, RevOps, DevRel, and security teams. The platform also offers an AI analyst agent (Scarf AI) for natural language queries and agentic workflows over OSS data.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 2x higher response rates for outbound outreach to Open Source Qualified Leads compared to campaigns without Scarf data
+2 more records
Product overview1 text field

Scarf is an open source intelligence platform designed for the agentic era. The core Scarf Platform tracks how agents and humans find, install, and depend on open source software, turning usage signals into GTM intelligence, security context, and workflows. The platform is augmented by Scarf AI, an AI-powered analyst agent that enables natural language querying and autonomous workflows. Additional solution modules include Scarf for Sales Leaders (account qualification and OQL identification), Scarf for Marketing Teams (GTM signal workflows), Dependency Radar (security monitoring for OSS consumption), and Open Source Project ROI (project value measurement). The portfolio also includes a Go SDK for developer integrations.

Product and service5 records
1Scarf Platform
CategoryCore platform
Description

The core Scarf platform that tracks open source package activity, downloads, containers, docs, and binaries and turns the resulting usage signals into GTM intelligence, security context, and workflows across the AI stack.

2Scarf for Sales Leaders
CategoryGTM intelligence solution
Description

Solution module that surfaces accounts, qualification signals, and adoption patterns for sales teams, enabling identification of Open Source Qualified Leads (OQLs) for account-based marketing.

3Scarf for Marketing Teams
CategoryMarketing intelligence solution
Description

Solution module enabling marketing teams to turn GTM signals from open source usage into workflows and surface adoption patterns for RevOps and DevRel teams.

4Dependency Radar
CategorySoftware supply chain security
Description

Security-focused module that monitors open source consumption across an organization, tracking what teams and workloads are downloading to help security teams investigate risky or unexpected open source usage.

5Open Source Project ROI
CategoryOSS analytics solution
Description

Solution module for measuring and demonstrating the return on investment of open source projects, helping teams understand and communicate the value of their OSS contributions.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Cloud Native Computing Foundation is listed as a partnering organization in the open source community section. CNCF is a major foundation supporting cloud-native technologies and Kubernetes ecosystem. Scarf's positioning aligns with CNCF projects and their shared community.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

The Linux Foundation is listed as a partnering organization. The Linux Foundation hosts and supports critical open source projects. Scarf's OSS intelligence services align with Linux Foundation ecosystem.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Scarf is an Approved External Service Provider of the Apache Software Foundation. This is a formal designation indicating a vetted, approved relationship for providing services to Apache projects and their communities.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Haskell Foundation is listed as a partnering organization. Supports the Haskell programming language ecosystem.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

MariaDB Foundation is listed as a partnering organization. Supports the MariaDB open source database ecosystem.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

OWASP (Open Web Application Security Project) is listed as a partnering organization. OWASP focuses on application security, relevant to Scarf's OSS security monitoring capabilities.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Commonhaus Foundation is listed as a partnering organization. Provides support for open source projects through shared infrastructure and governance.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers7 records
TypeBroad incumbent
TypeDirect peer
Description

Sonatype operates Nexus Intelligence and OSS governance tooling that tracks open source component usage, license risk, and security across enterprises — directly overlapping Scarf's OSS usage intelligence and Dependency Radar use cases.

TypeBroad incumbent
Description

GitHub already controls package, container, and Copilot telemetry across a vast share of OSS projects; its Insights, Dependabot, and Advanced Security products are the most credible incumbent threat to Scarf's usage intelligence wedge.

TypeDirect peer
Description

Mend provides open source security and license compliance tooling with a focus on dependency detection and remediation — directly comparable to Scarf's enterprise OSS monitoring surface.

TypeDirect peer
Description

Snyk provides developer security including software composition analysis and open source dependency monitoring, competing for the same security-team budget Scarf targets with its Dependency Radar module.

TypeBroad incumbent
Description

Datadog is a broad observability and cloud monitoring platform whose APM and log analytics touch similar developer and SRE buyer personas; it could expand into OSS usage telemetry as an adjacent product, posing a bundling threat to Scarf.

TypeDirect peer
Description

FOSSA offers open source license compliance and security scanning, overlapping Scarf's usage intelligence and OSS consumption monitoring capabilities for enterprise engineering and legal teams.

Market position
Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers22 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Scarf

Open Source Intelligence Softwarescarf.sh

Scarf is an AI-augmented open source intelligence platform that tracks billions of OSS downloads and hundreds of millions of end users, delivering usage analytics, ABM lead signals, and security context to OSS maintainers, B2B sales and marketing teams, and security organizations.

What Scarf does

Scarf Systems, Inc., founded in 2019 and headquartered in Oakland, California, operates an AI-augmented open source intelligence platform that instruments how agents and humans find, install, and depend on OSS packages, containers, documentation, and binaries. The platform tracks approximately 2 billion daily OSS downloads, 308 million unique end users, and 3.3 million companies, covering 96% of the Fortune 500, and turns these usage signals into GTM intelligence, security context, and developer-relations workflow inputs without storing personally identifiable information. The product portfolio centers on the Scarf Platform and an "Scarf AI" analyst agent for natural-language querying and autonomous workflows, with solution modules targeting sales leaders (OQL identification and ABM), marketing teams, security teams via Dependency Radar (OSS consumption monitoring), and OSS project ROI measurement, complemented by a Go SDK released in October 2025 for embedding into agent and application workflows.

The company's technology is built around proprietary instrumentation embedded into OSS distribution pipelines (the "Scarf Gateway"), enabling visibility that container registries and package managers do not publicly share, including version adoption, component deployment, and organization-level usage from first touch through production. Scarf AI exposes natural-language investigation, agentic workflow construction, and a recommendation engine that surfaces qualification signals for sales, marketing, RevOps, and DevRel teams; the platform integrates natively with Slack, Claude Code, and OpenClaw, and offers REST APIs for custom data export and workflow automation. The company holds SOC 2 Type 2 certification and is an Approved External Service Provider of the Apache Software Foundation.

Scarf generates revenue through a SaaS subscription model with monthly billing, offered via self-serve sign-up at app.scarf.sh with pricing not publicly disclosed. GTM combines product-led self-serve for individuals and startups with an account-based motion driven by OSS usage signals targeting sales, marketing, RevOps, DevRel, and security buyers. A diverse base of more than 20 publicly named customers spans open source maintainers (Buoyant for Linkerd, Heroic Labs, Cal.com, Budibase, Redpanda, Diagrid), enterprises (Sysdig, DataStax, Astronomer, Chronosphere, Liquibase, InfluxData), and academic institutions (Carnegie Mellon). Disclosed funding totals approximately $7.3M across a 2020 seed round and a December 2021 $5.3M round led by Race Capital with Freestyle Capital, with no subsequent priced round disclosed.

Scarf firmographics

Firmographics
Name
Scarf
Legal name
Scarf Systems, Inc.
Website
https://scarf.sh
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
11–50 employees
Short description
Scarf is an AI-augmented open source intelligence platform that tracks billions of OSS downloads and hundreds of millions of end users, delivering usage analytics, ABM lead signals, and security context to OSS maintainers, B2B sales and marketing teams, and security organizations.
Ownership category
akta.pro rank

Where Scarf is headquartered

Location

Headquarters

HQ city
Oakland
HQ country
United States
HQ region
North America

Markets served

Scarf business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

  1. Platform Subscription: Scarf operates as a SaaS platform tracking OSS downloads and providing intelligence services. The platform offers tiered access to tracking features, AI analytics, and workflow integrations. Revenue is generated through subscription-based access to the platform with various usage tiers.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyPlatform access with sign-up

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Scarf product offering

Product offering

Core offering

Scarf is a SaaS platform that tracks how agents and humans find, install, and depend on open source software, capturing package activity across downloads, containers, docs, and binaries. It converts these usage signals into go-to-market intelligence, security context, and AI-native workflows for sales, marketing, RevOps, DevRel, and security teams. The platform also offers an AI analyst agent (Scarf AI) for natural language queries and agentic workflows over OSS data.

Product overview

Scarf is an open source intelligence platform designed for the agentic era. The core Scarf Platform tracks how agents and humans find, install, and depend on open source software, turning usage signals into GTM intelligence, security context, and workflows. The platform is augmented by Scarf AI, an AI-powered analyst agent that enables natural language querying and autonomous workflows. Additional solution modules include Scarf for Sales Leaders (account qualification and OQL identification), Scarf for Marketing Teams (GTM signal workflows), Dependency Radar (security monitoring for OSS consumption), and Open Source Project ROI (project value measurement). The portfolio also includes a Go SDK for developer integrations.

Differentiator

Problem solved

Functional benefit

Brands

  • Dependency Radar: Open source dependency monitoring and security intelligence product
  • Scarf for Sales Leaders
  • Scarf for Marketing Teams
  • Open Source Project ROI

Products and services

  • Scarf Platform The core Scarf platform that tracks open source package activity, downloads, containers, docs, and binaries and turns the resulting usage signals into GTM intelligence, security context, and workflows across the AI stack.
  • Scarf for Sales Leaders Solution module that surfaces accounts, qualification signals, and adoption patterns for sales teams, enabling identification of Open Source Qualified Leads (OQLs) for account-based marketing.
  • Scarf for Marketing Teams Solution module enabling marketing teams to turn GTM signals from open source usage into workflows and surface adoption patterns for RevOps and DevRel teams.
  • Dependency Radar Security-focused module that monitors open source consumption across an organization, tracking what teams and workloads are downloading to help security teams investigate risky or unexpected open source usage.
  • Open Source Project ROI Solution module for measuring and demonstrating the return on investment of open source projects, helping teams understand and communicate the value of their OSS contributions.

Quantifiable outcome

  • 2x higher response rates for outbound outreach to Open Source Qualified Leads compared to campaigns without Scarf data
  • +2 more outcomes

Companies that use Scarf

Customer profile

Named customers22 records

Segments5 records

Ideal customer profiles5 records

Scarf technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature4 records

Scarf partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core and minor.

  • Cloud Native Computing Foundation (CNCF)coreStrategic or Co-development PartnerCloud Native Computing Foundation is listed as a partnering organization in the open source community section. CNCF is a major foundation supporting cloud-native technologies and Kubernetes ecosystem. Scarf's positioning aligns with CNCF projects and their shared community.
  • The Linux FoundationcoreStrategic or Co-development PartnerThe Linux Foundation is listed as a partnering organization. The Linux Foundation hosts and supports critical open source projects. Scarf's OSS intelligence services align with Linux Foundation ecosystem.
  • Apache Software FoundationcoreStrategic or Co-development PartnerScarf is an Approved External Service Provider of the Apache Software Foundation. This is a formal designation indicating a vetted, approved relationship for providing services to Apache projects and their communities.
  • Haskell FoundationminorStrategic or Co-development PartnerHaskell Foundation is listed as a partnering organization. Supports the Haskell programming language ecosystem.
  • MariaDB FoundationminorStrategic or Co-development PartnerMariaDB Foundation is listed as a partnering organization. Supports the MariaDB open source database ecosystem.
  • OWASPminorStrategic or Co-development PartnerOWASP (Open Web Application Security Project) is listed as a partnering organization. OWASP focuses on application security, relevant to Scarf's OSS security monitoring capabilities.
  • Commonhaus FoundationminorStrategic or Co-development PartnerCommonhaus Foundation is listed as a partnering organization. Provides support for open source projects through shared infrastructure and governance.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Scarf competitors and assessment

Company assessment

Broad incumbents

  • New Relic:
  • GitHub (Microsoft): GitHub already controls package, container, and Copilot telemetry across a vast share of OSS projects; its Insights, Dependabot, and Advanced Security products are the most credible incumbent threat to Scarf's usage intelligence wedge.
  • Datadog: Datadog is a broad observability and cloud monitoring platform whose APM and log analytics touch similar developer and SRE buyer personas; it could expand into OSS usage telemetry as an adjacent product, posing a bundling threat to Scarf.

Direct peers

  • Sonatype: Sonatype operates Nexus Intelligence and OSS governance tooling that tracks open source component usage, license risk, and security across enterprises — directly overlapping Scarf's OSS usage intelligence and Dependency Radar use cases.
  • Mend (formerly WhiteSource): Mend provides open source security and license compliance tooling with a focus on dependency detection and remediation — directly comparable to Scarf's enterprise OSS monitoring surface.
  • Snyk: Snyk provides developer security including software composition analysis and open source dependency monitoring, competing for the same security-team budget Scarf targets with its Dependency Radar module.
  • FOSSA: FOSSA offers open source license compliance and security scanning, overlapping Scarf's usage intelligence and OSS consumption monitoring capabilities for enterprise engineering and legal teams.

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Scarf social profiles

Digital presence

Scarf compliance and trust

Trust signal

Compliance1 record

Scarf financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Scarf leadership team

Management profile

Number of profiles

Profiles1 record

Scarf funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Scarf M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scarf

What does Scarf do?

Scarf is a SaaS platform that tracks how agents and humans find, install, and depend on open source software, capturing package activity across downloads, containers, docs, and binaries. It converts these usage signals into go-to-market intelligence, security context, and AI-native workflows for sales, marketing, RevOps, DevRel, and security teams. The platform also offers an AI analyst agent (Scarf AI) for natural language queries and agentic workflows over OSS data.

Is Scarf a public or private company?

Scarf is a private company. It is classified as venture growth investor backed and is currently operating.

When was Scarf founded?

Scarf was founded in 2019. It employs 11 to 50 people.

Where is Scarf based?

Scarf is headquartered in Oakland, United States, in the North America region.

How does Scarf make money?

One revenue line is on record: platform Subscription.

Who are Scarf's main competitors?

Broad incumbents on record are New Relic, GitHub (Microsoft) and Datadog. Direct peers are Sonatype, Mend (formerly WhiteSource), Snyk and FOSSA.

Does Scarf have an API?

Yes. Scarf offers APIs for custom workflows and integrations, enabling users to get data automatically and build automated workflows. Data export capabilities are available through the API. Documentation is available at docs.scarf.sh/data-export/. Developer documentation is at docs.scarf.sh/data-export.

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Live signals
EIN PresswireScarf Launches Open Source AI Popularity Leaderboard to Track Real-World Adoption Across the Open Source EcosystemScarf launched the Open Source AI Popularity Leaderboard, a daily index ranking AI model providers and inference platforms by distinct organizations downloading their open source packages. OpenAI leads, Amazon holds two top inference platform spots, and Ollama ranks sixth, ahead of Azure. The index measures package adoption, not model consumption, and Scarf plans to expand coverage.WebProNewsScarf’s Quiet Break With Haskell After Seven Years in ProductionScarf, a company operating a package registry and open source distribution network, has completed a gradual migration away from Haskell after seven years of production use, shifting new development to Python while keeping existing Haskell services running. The decision stems from the rise of large language models, which have made Haskell's lengthy compilation times a bottleneck when multiple AI agents generate and test code in parallel, whereas Python's ecosystem allows AI tools to navigate and implement features more efficiently. Founder Avi Press, who remains on the Haskell Foundation board, argues the community must prioritize faster feedback loops, agent-friendly tooling, and reduced cold build times if the language is to remain competitive in the era of AI-assisted development.EIN PresswireScarf Launches Dependency Radar to Deliver Real-Time Software Supply Chain Security from Billions of Daily OSS DownloadsScarf launched Dependency Radar, an API-based feed that exposes real-time open-source package downloads from its tracking data. The feed is available to all Scarf users, including free-tier, with each API call consuming one Run credit and returning up to 1,000 events. Access is limited to verified organizations with matching billing and user emails.Gulf TimesBaladna Algeria launches dairy cattle airlift from the United States as part of Its integrated project following $635 million phase two signingAlgeria signed phase two contracts for the Baladna Algeria project, including an airlift to import 30,000 dairy cows from the US starting November 2026. The contracts exceed $635 million, with total project investment around $3.5 billion. The program will use 109 flights over ten months, aiming to cover up to 50% of Algeria's powdered milk demand.The Peninsula NewspaperBaladna Algeria launches dairy cattle airlift from the United States as part of its integrated project following $635 million phase two signingAlgeria signed the second phase of the Baladna Algeria project, including contracts exceeding $635 million and a dairy cattle airlift from the US starting November 2026. The program will import 30,000 cows via 109 flights, with total project investment estimated at $3.5 billion. The project aims to reach a herd of 270,000 cows, covering up to 50% of Algeria's powdered milk demand.Qatar TribuneBaladna Algeria launches dairy cattle airlift from US as part of its integrated project following $635 million phase two signingAlgeria signed phase two contracts for the Baladna Algeria dairy project, exceeding $635 million, and launched an airlift to import 30,000 dairy cows from nine US states starting November 2026. The program involves 109 flights over ten months, with contracts valued at $250-300 million, supporting 1,200 US jobs. The project aims to reach 270,000 cows and cover 50% of Algeria's powdered milk demand.SecSEC FORM DScarf Systems, Inc. filed a Form D with the U.S. Securities and Exchange Commission to report an exempt offering of securities under Rule 506(b). The filing discloses that the company raised approximately $7.35 million from 18 investors, with the first sale occurring on July 29, 2020. This regulatory submission serves as a notice of the private capital raise rather than a public market event.