# Atakama

Atakama transforms the web browser into a secure workspace, protecting against Phishing and Malware.

## Elevator pitch
Atakama is an industry-disrupting solution that guarantees data and privacy are protected against cyberattacks. Atakama challenges the status quo of conventional data security and privacy through distributed encryption key management. An approach to protecting data that is exponentially more secure than any other cybersecurity solution tasked with securing sensitive data.

- Canonical URL: https://wefunder.com/atakama
- Entity ID: wefunder:company:117476
- Last updated: 2026-06-18T05:03:18Z
- Generated at: 2026-06-18T16:37:32Z

## Quick facts
- Atakama successfully raises $11M from the crowd over the last 18 months (via Reg CF and Reg D)
- Atakama expands its product portfolio and targets the $329B Managed Service Provider (MSP) market.
- MSPs service Small and Medium-sized Businesses (SMBs) representing $370B in tech spend.
- 18+ months spent with over 30 MSP design partners influencing product and go-to-market strategy.
- Early Access Beta Program announced in January 2024 - over 40 deployments to date.
- The general availability of the Atakama Browser Security Platform is to be announced in March 2024.
- The Atakama Browser Security Platform enables monthly recurring revenue for the business.

## Active fundraises
- wefunder:fundraise:114479: 4(a)(6) successful (USD)
- wefunder:fundraise:114478: 4(a)(6) successful (USD)
- wefunder:fundraise:73488: 506(c) successful (USD)
- wefunder:fundraise:73202: 506(c) successful (USD)
- wefunder:fundraise:68571: 4(a)(6) successful (USD)

## Story
Note: future revenues are not guaranteed

## FAQ
1. **price per share**
   - Hi James, it is $1.00 per share
2. **What is price per share**
   - Hi Paul, it is $1.00 per share
3. **I hope I can word this correctly. After looking at your presentation and reading more on Brownstone Research (where I found out about you) I have this question. If my information is protected by private keys and then possibly broken into shards (distributed key management), wi...**
   - Hi Tommy, You've asked a really good question! The manner in which a key is distributed varies based on the circumstances. For example, if one has the secret formula for Coca Cola, one might have eleven shards of the key and require nine of those shards for reassembly. Of course, that example is rather extreme. On the other end of the spectrum, one could split a key into two shards and simply require both of the two for reassembly. The circumstance that you bring up - that of automated proces...
4. **I have a question regarding workflow. If all files/data within an organization are encrypted and protected with your system, then potentially each access to any of the files would require approval from multiple sources. Wouldn’t this create a bottleneck and impede on the workf...**
   - Hi Frederick, Excellent question! Atakama is quite flexible in terms of the number of devices across which cryptographic keys can be split. Two examples: (1) a computer, a phone and a table, of which any two can be used to reassemble the cryptographic key (i.e. a two-of-three configuration), (2) a computer, three phones and two tablets, of which any three can be used to reassemble the cryptographic key (i.e. a three-of-six configuration) The flexibility of the system enables it to be configur...
5. **Comment: At $1.00 per share it might have to do an immediate reverse split to be listed on an exchange. Brokers won't accept direct transfers less than this. $1.00 is too close to the bottom.**
   - Hi John, Thanks for your question. The price is in connection with this specific offering, not in connection with any price related to listing on an exchange. Regards, Dan

## Team
- Daniel H. Gallancy (CEO and co-founder)
- Dimitri Nemirovsky (COO and co-founder)
- Scott Glazer (CRO)

## Recent posts
- Attention Investors! (2024-04-26T14:54:31Z)
- Don't Miss It! (2024-04-16T14:11:20Z)
- Atakama Company Update (2024-04-04T17:36:26Z)
- Atakama's investment deadline is TODAY! (2023-06-30T14:41:17Z)
- Only THREE days remain! (2023-06-27T15:20:12Z)
- Webinar Tomorrow! Round Closes June 30th! (2023-06-12T12:53:51Z)
- Atakama Investor Update Webinar! (2023-06-08T15:23:28Z)
- Atakama Reg D & S to close June 30th! (2023-06-02T19:58:27Z)
- Investor Webinar Session Tomorrow! (2023-04-03T16:21:51Z)
- Atakama Investor Webinar Event! (2023-03-29T18:58:46Z)
- NEWS! Atakama Unveils Next Generation Multifactor Encryption Platform Featuring New Intelligence Center (2023-03-15T15:33:07Z)
- NEWS Alert! Atakama Partners with Panzura to Deliver End-to-End Data Management and Protection (2023-03-08T14:27:56Z)
- Company Update Webinar - Don't Miss It! (2023-03-06T18:49:18Z)
- Investor Webinar - Save your seat (2023-03-01T16:29:31Z)
- Atakama expert opinion featured in Tech NewsWorld! (2023-03-01T13:51:58Z)

## Q&A
- Q: For those who are seeking answers to questions, I personally just had a pleasant chat with Daniel the Founder and CEO, who reached out to me via his Investor Relations to personally set up a time to chat that works for my schedule. He not only answered all my questions plus additional questions I had not written out on here, and even walked me through a demo of how the cryptography works (which I found very cool). This post aims to show that Daniel and the Atakama IR team are not only willing to address questions and engage with potential shareholders/shareholders, but also very friendly and transparent about their work environment and processes. Daniel, thank you again for your time today. I wish Atakama the best of luck closing out the round, in the future, and I do have plans to invest in this round. *I have no financial interest at the time of the writing*.
  - A: Michael, Really glad you found the discussion informative! It was a pleasure speaking with you. Regards, Dan
- Q: I have a question regarding workflow. If all files/data within an organization are encrypted and protected with your system, then potentially each access to any of the files would require approval from multiple sources. Wouldn’t this create a bottleneck and impede on the workflow? What happens when one or some of the devices/authenticators are offline for any reason?
  - A: Hi Frederick, Excellent question! Atakama is quite flexible in terms of the number of devices across which cryptographic keys can be split. Two examples: (1) a computer, a phone and a table, of which any two can be used to reassemble the cryptographic key (i.e. a two-of-three configuration), (2) a computer, three phones and two tablets, of which any three can be used to reassemble the cryptographic key (i.e. a three-of-six configuration) The flexibility of the system enables it to be configured with redundancies to accommodate circumstances in which devices are offline, lost or damaged. Our customers have been pleased with our flexibility and, as a consequence of it, we haven't had any material problems related to offline or broken devices. Regards, Dan
- Q: Who do you see as your top 2 to 3 competitors?
  - A: Hi Tommy, While there are several companies offering enterprise encryption products - IBM, Sophos, Thales and others - none of them offer the sort of distributed key management system that we provide. The "secret sauce", so to speak, isn't the encryption per se, but rather the way we manage the keys, keeping the shards of the keys completely separate from preexisting identity and access management systems. The use of multiple devices facilitates our distributed key management infrastructure. Consequently, while one could say that we have several competitors from the traditional encryption space, our product is quite differentiated from the current landscape of products, and we have good intellectual property protecting our system. Regards, Dan
- Q: Hello, Thank you very much for offering this opportunity. I love the team and what your doing, I'm wondering if there is any information on if your trying to close the gap on the burn rate. It looks like it's about $500K a month burn, which with this raise and money in the bank looks to be about a year. Is there anything being done to reduce this burn rate?
  - A: Hi David, Thanks for your question! We view the best way to reduce burn is to grow revenue while holding expenses steady, and that is precisely what we've done over the past several months. Since the end of 2021, our revenue has increased materially while expenses have largely stayed the same. For example, during July 2022 we recognized approximately $99,785 of revenue (GAAP revenue), had $1,180,855 of annual recurring revenue (often called ARR) and total contract value (often called TCV) of $1,931,158. These metrics grew 567%, 406% and 273%, respectively, relative to December 2021. Meanwhile, expenses averaged $444,073 per month during the last six months of 2021 and increased to an average of $503,487 during the first six months of 2022, growth of just 13%. We expect revenue to increase materially over the next 6 months, with ARR in excess of $2 million by the middle of 2023. We expect expenses to increase modestly over the next 6 months, at a similar pace to the previous 6 months (i.e. mid-teens percent). Regards, Dan
- Q: Hi, you say that there is an $18 Billion dollar total addressable market. I don't doubt that, but what is the source of this information, where can I go, or what can you send me, to verify this figure?
  - A: Hi Neill, We calculated the total addressable market based on the number of knowledge workers (i.e. workers who tend to do their work on a computer, such as attorneys, accountants, etc). and multiplied by spend amount per seat. We looked at five sectors: professional services, financial services, manufacturing + industrial + pharma, education and media. The total number of knowledge workers in those sectors is about 237.6 million (professional services = 126 million, financial services = 66 million, manufacturing + industrial + pharma = 27 million, education = 15 million and media = 3.6 million). We used a spend of $75 per seat per year (of course, spend can vary, but $75 per seat per year is not far from our current contracts). Multiply $75 by 237.6 million and you get a total addressable market of approximately $18 billion. Regards, Dan
- Q: Hi, Is the company shifting from encryption products to browser security? I see that the revenue of the encryption products hasn't really picked up the past few years. Best regards
- Q: Also is there any IP protection?
- Q: Hi, it seems like you already have funds from 2023 raise that may last till mid 2025. Why raise additional funds now?
- Q: Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
- Q: I've previously invested on four separate dates, after reading this raise numerous times and checking for updates , I'm having a difficult time understanding when the plan changed and question a legitimate reason for not communicating with your investors.Please enlighten me regarding your intentions. I'm certain others are standing by pondering the same. Trust is earned. Communication is critical to success.
- Q: I work in the cybersecurity space and this is truly a unique concept I believe with massive upside potential. When is the next investor webinar and what is the current projected close date on this raise? Is there a Reg D offering and are there any special terms, pricing, and limits for accredited investors? I plan on downloading the software and giving it a trial run and then following up with more questions in the next live discussion. The only other question that I have at the moment is if someone attempts to access an encrypted file, is it possible to automatically receive an alert that the file has been attempted to be accessed? In the posted overview video, it shows that you select which devices you would like to have approve the access request. If someone were to attempt to open the file, and hit cancel once it shows that the file is protected by KDM/MFA, my assumption is that I wouldn't know that there was an attempt to access the file. Being a cybersecurity professional, I would like to know if anyone attempts to access the file, period. This would be good to know and may be the difference in knowing if an attacker is present on the system. Please advise.
  - A: Hi Nickolas, Thank you for the comprehensive question! The next investor webinar is on Tuesday, Apr 25. Please feel free to email us at investors@atakama.com for more information about that. The entire offering, as of now, is on a Reg D and Reg S basis. In other words, it is for accredited investors in the US and for any investors outside of the US, regardless of accreditation status. Regarding your question about file access: yes, the platform can be configured to provide a notification whenever someone attempts to decrypt the file. A decryption attempt, once initiated, does not provide the person attempting access to cancel the request, so there is no way for an attacker to somehow sneak away! We strongly encourage you to join our upcoming webinar, during which we will show a demonstration of the platform. We appreciate your interest! Regards, Dan
- Q: What is the price per share. I read it is $1.00. Is that right? Did I read correctly? Thanks.
  - A: Hi Adimchi - Yes, it is $1.00 per share. Also, please keep in mind that the round is in the form of a SAFE. Wefunder has a bunch of additional information about SAFEs: https://help.wefunder.com/contracts/304785-safe-simple-agreement-for-future-equity Regards, Dan
- Q: Hello with the evolution of cloud computing single data storage space can be accessed by multiple devices with just login and password in this scenario how does fragmentation of data works ? Apart from this what is the system used to fragment this key and save as what type of file on a computer and what kind of validation is used to decrypt this data.
  - A: We appreciate the great question! We have a whole knowledge base article that provides a detailed explanation. Please take a look at https://support.atakama.com/support/solutions/articles/43000623202-mofnop-process. Thanks!
- Q: In this Series C SAFE round, do we as an angel investor have pro rata rights to prevent our ownership interests from being diluted substantially in future rounds?
  - A: Hi Chasen, Please refer to our Form C and its exhibits as filed with the SEC. You can find a link to the entire set of documents at the bottom of the "Details" tab of this page. Regards, Dan
- Q: How are we going?