CONFIDENTIAL — AUTHORIZED RECIPIENTS ONLY — NDA REQUIRED

ETHRAEON Capital & CFO Economics

Directive 0634-C | Authority: AC-1 | CFO: Rick Disick

Revenue Architecture

Revenue Model
4-Tier SaaS
Recurring + Enterprise Licensing + Sovereign Deploy
Total Addressable Market
$47B+
AI Governance + GRC + Constitutional AI (2026 est.)
IP Moat
53 Patents
15 provisional filed | ROSETTA: 63/927,497-499
Defensibility
T5-RIGID
Constitutional governance — non-replicable by design

Licensing & Pricing Model

Tier Monthly Annual Target Scope
Sentinel $49 $490 Startups & SMBs Basic governance, audit trail, compliance reporting
Guardian $499 $4,990 Mid-market Full TRACELET + ROSETTA, custom policies, API
Sovereign $4,999 $49,990 Enterprise On-premise deploy, Sovereign Mode, custom EDG, SLA
Enterprise Custom EUR 990 — 9,990/mo Institutional White-label, regulatory integration, dedicated infra

All tiers include: Evidence Graph (EDG), DELTASUM integrity, KAIROS temporal compliance, canon validation.

Revenue Pillars

Pillar 1
SaaS ARR
Sentinel + Guardian + Sovereign recurring revenue
Pillar 2
Enterprise License
Custom deployments, on-premise, government contracts
Pillar 3
IP Licensing
Patent portfolio licensing, ROSETTA integration fees
Pillar 4
Sovereign Deploy
Air-gapped, jurisdiction-specific, regulatory-bound installs

Patent Defensibility Summary

Domain Patents Status Coverage
Constitutional AI Governance 12 Filed (provisional) T5-RIGID governance framework, mutation protocol, fail-closed enforcement
ROSETTA Harmonic Processing 3 Filed (63/927,497-499) Harmonic, Attunement, Semiotic signal processing
Evidence Graph Architecture 8 Filed (provisional) EDG emission, immutable audit chains, TRACELET orchestration
Semantic Invariance 6 Filed (provisional) DELTASUM canonical hashing, integrity verification
Temporal Governance 5 Filed (provisional) KAIROS timing constraints, ethical compliance windows
Sovereign Mode 7 Filed (provisional) Air-gapped deployment, jurisdiction isolation, regulatory binding
Additional Claims 12 In preparation Semiotic field models, adaptive governance, multi-agent consensus

Operational Expenditure & Runway

Monthly OPEX (Current)
< EUR 500
Cloudflare Pages (free) + Workers ($5) + Domain + Tooling
Infrastructure
Cloudflare
Zero-server architecture — Pages + Workers + R2
Burn Rate
Minimal
Founder-funded, no external debt, lean operation
Capital Efficiency
Extreme
53 patents + production platform on sub-EUR-500/mo infra

Capital Deployment

Use of Funds

Category Allocation Purpose
Engineering 40% Core platform, Sovereign Mode, enterprise features, mobile apps
IP & Legal 20% Patent prosecution, international filings, regulatory counsel
Go-to-Market 20% Enterprise sales, partner channels, compliance certifications
Operations 10% Infrastructure scaling, SOC 2 audit, dedicated support
Reserve 10% Runway extension, contingency, M&A readiness

Valuation Context

Layer A — Transaction
EUR 2.5M–40M
SAFE / auditor / deal-level valuation range
Layer B — Canonical
EUR 267M–750M+
Strategic buyer / M&A / IP portfolio valuation

Dual-layer valuation per Directive 0080. Layers never merge. Value only increases by evidence. Ref: EVIDENCE/0080A_VALUATION_SEMANTICS_LOCK.md

CFO Contact

Rick Disick — Chief Financial Officer

Capital inquiries, term sheet discussions, due diligence coordination, and financial structuring.
Contact via authorized channels — NDA required for all material discussions.