KRNC INC.
WOODLAND HILLS, CA · Founded 2018 · CIK 0001752236 · Software
A decentralized blockchain protocol using Proof-of-Balance consensus mechanism for fiat-backed digital transactions
- Grants
- $225K
- 1 award
- Sector median: 0
- Raised
- $180K
- 2 Form D · Oct 2018
- 96 months since last filing
- Contracts
- —
- No federal contracts on record
- Patents
- 3
- 1 granted · 2 pending
- Sector median: 0
Capital Timeline
Federal ↑Equity ↓201820192020
| Date | Event | Source | Amount |
|---|---|---|---|
| Private capital raised | Form D · SEC | $80,000 | |
| Private capital raised | Form D · SEC | $100,000 | |
| Federal grant | National Science Foundation · Phase I · SBIR Phase I: Asymmetric Sybil Resistance via Proof-of-Balance | $225,000 |
Federal grant · SBIR/STTRForm D · SEC
Peer position
| # | Company | Contracts | Disclosed equity |
|---|---|---|---|
| 1674 | COPILOT CORP. | — | $36M |
| 1675 | Polar Signals Inc. | — | $11M |
| 1676 | Levain Holdings, LLC | — | $75K |
| 1677 | KRNC INC. | — | $180K |
| 1678 | Analytics2Go, Inc. | — | $6.1M |
| 1679 | Looky Loo, Inc. | — | $150K |
| 1680 | Kaskada Inc. | — | $9.8M |
Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.
Founders & Team
- Jeffrey EhrlichDirector
- Clinton Ehrlich-QuinnDirector · Executive Officer · Promoter
Patents
- Cryptographic And Fiat Currency Mechanicsapplication
- Cryptographic And Fiat Currency Mechanicsgranted
- Cryptographic And Fiat Currency Mechanicsapplication