MIAMI, FL / ACCESSWIRE / February 26, 2024 / Cyber A.I. Group, Inc., a privately held Miami-based company (“CyberAI” or the “Company”), announced today that it has commenced operations in the Cybersecurity and IT consulting sectors and has launched a $2 million seed round of financing. The announcement was made by Dimitri Villard, Interim Chief Executive Officer of CyberAI.
The Company is conducting the offering under Regulation D, Rule 506(c) of the Securities Act of 1933, as amended, for up to $2 million to Accredited Investors. The offering is comprised of 15% Promissory Notes in addition to Equity in the form of common stock. Structured as Venture Debt, the minimum investment amount is $100,000; however, the Company may accept lesser amounts and may also expand the size of the Offering in its sole discretion if the Offering is oversubscribed.
Pursuant to Rule 506(c), investors must be verified as accredited investors prior to the Company’s acceptance of the investment. The Company has engaged VerifyInvestor.com to verify investor accreditation.
The maturity date is 24 months from the date of investment with interest and principal payable on the Maturity Date with a cumulative aggregate of 30% return at Maturity plus the prospective return from the additional stock consideration.
“The Cybersecurity industry has experienced explosive growth and is one of the fastest growing sectors in the United States and around the world, with forecasts of continued double-digit growth over the next decade,” noted Mr. Villard. “This is compounded by the massive proliferation of highly publicized data breaches and ransomware attacks that are further propelling demand for Cybersecurity expertise. Cyber A.I. Group is leveraging this skyrocketing demand, combined with a core focus on fundamentals, by pursuing a “Buy-and-Build” strategy of acquiring a broad spectrum of IT consulting companies and positioning them to address the fast-growing needs for the Cybersecurity and A.I. markets.”
Artificial Intelligence, currently under development and building momentum for decades, is emerging as one of the most potentially powerful and disruptive forces in the Information Age. Recent moves have seen remarkable advances, such as the launches of OpenAI‘s ChatGPT A.I. chatbot and Google‘s Gemini A.I. chatbot. This rapid proliferation of A.I. is introducing not just new capabilities, but also new dangers and security concerns. To capitalize on these opportunities and challenges, CyberAI intends to integrate A.I. services in all aspects of its Cybersecurity business as it expands.
“The Cybersecurity and IT consulting industries are highly fragmented and lend themselves to a proactive consolidation strategy with the addition of A.I. enhancements,” said Mr. Villard. “We believe a large pool of prospective acquisitions exists offering substantial opportunity for an emerging growth private company. The Cybersecurity market alone has witnessed remarkable growth and reached a value of $202 billion in 2022. It is projected to continue expanding at a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030.”
Mr. Villard concluded, “We are confident that an IT/Cybersecurity consultancy with advanced A.I. capabilities can provide clients with numerous proactive and customized Cybersecurity services to optimize technology security and improve business operations and performance.”
Accredited Investors and CyberAI Investor Portal
The Company has established an investor portal containing extensive information on its operations, a detailed executive summary, background from key members of the management team, term sheet, subscription documents and industry data. The portal can be accessed by navigating to: investors.cyberaigroup.io.
Alternatively, for assistance please call the Company at 786.305.7571 to request access. Interested parties will be required to make an Accredited Investor representation prior to accessing the portal. You may also send an email to the following address and a company representative will contact you: investors@cyberaigroup.io.
Pursuant to Rule 506(c), investors must be verified as accredited investors prior to the Company’s acceptance of the investment. An investment in the Company is subject to significant risks, including the risk factors described in the Company’s reports filed with the U.S. Securities and Exchange Commission and the risks described in the definitive documentation for the proposed 506(c) offering.
About Cyber A.I. Group
Cyber A.I. Group, Inc. is a Miami-based company engaged in the acquisition and management of domestic and international Cybersecurity and IT consulting firms. The founders and management of CyberAI are pursuing a “Buy-and-Build” strategy to rapidly expand operations by acquiring a broad spectrum of IT consulting companies and repositioning them to address fast-growing market needs for Cybersecurity and A.I. markets. The Company’s initial target is to acquire multiple companies representing aggregate annualized revenues of $100 million. The Company is focusing its acquisition targets as those with the most favorable terms and lend themselves to certain benefits through integration including horizontal and vertical marketing and economies of scale. CyberAI’s business model is focused on the acquisition and consolidation of IT consulting companies with proven ability in broad conventional technology services. This emphasis on conventional companies with strong revenues and cash flow distinguishes CyberAI from the explosion of A.I. startups that may be pinning their future on a single technological breakthrough, which may never materialize. This “Buy-and-Build” strategy provides CyberAI with the maximum flexibility for diversification and risk management for moving into new fields and addressing fast-moving market opportunities. For more information please visit: cyberaigroup.io
Important Notice Regarding the Offering
This press release does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful. Offers and sales of securities will only be made to accredited investors under definitive documentation and all accredited investors must be verified in accordance with SEC rules. Further, the securities being offered by the Company have not been registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements.
Investing in private placements involves a high degree of risk. Securities sold through private placements are typically not publicly traded and, therefore, are less liquid. Additionally, investors receive restricted shares that are subject to holding period requirements. Companies seeking private placement investments tend to be in earlier stages of development and have not yet been fully tested in the public marketplace. Investing in private placements requires a tolerance for high risk, low liquidity, and a long-term commitment. Investors must be able to afford to lose their entire investment. Such investment products are not FDIC insured, may lose value, and have no bank guarantee.
Forward-Looking Statements
This press release contains forward-looking statements and is subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements give our current reasonable expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “should,” “can have,” “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events.
The forward-looking statements contained in this press release are based on reasonable assumptions we have made in light of our industry experience, perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. As you read and consider this press release you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (many of which are beyond our control) and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual operating and financial performance and cause our performance to differ materially from the performance anticipated in the forward-looking statements. Should one or more of these risks or uncertainties materialize or should any of these assumptions prove incorrect or change, our actual operating and financial performance may vary in material respects from the performance projected in these forward-looking statements.
Any forward-looking statement made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual operating and financial performance to differ, include those that will be provided to investors through our investor portal and additional risk factors may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
Cyber A.I. Group, Inc.
990 Biscayne Blvd.
Suite 503
Miami, FL 33132
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