Confidential Investment Brief

Prepared for Rick Disick

ETHRAEON AI Governance Platform — Bridge Investment Opportunity

38
Patents Filed/Ready
€267M+
IP Portfolio Value
$45B
Total Market (TAM)

Current Deployment Status

Production-Ready Governance Framework

Five operational governance modules deployed and validated for enterprise AI compliance:

  • Pre-Action Validation — AI output verification before deployment
  • Constitutional Audit Trail — Complete change history with justification
  • Board-Level Reporting — Incident analysis and learning documentation
  • Security Compliance — Prompt injection defense framework
  • Execution Tracking — Daily operational evidence capture
✓ Enterprise Procurement Pack
7-document package for Fortune 500 buyers
✓ Compliance Mapping
SOX, GDPR, HIPAA, ISO 27001 ready

Deployment Status

Deployed & Live
  • 5 governance micro-surfaces (production-ready)
  • Procurement pack (7 documents for enterprise buyers)
  • Operator UI spec (5 core views, audit-trail dashboard)
  • Evidence schema (compliance-mapped for SOX/GDPR/ISO 27001)
Investor-Ready Materials
  • TAM/SAM/SOM across 12 verticals ($45B total addressable)
  • 38-patent IP portfolio (€267M+ defensible value)
  • Revenue model (pilots→subscriptions→managed services)
  • 3 enterprise + 2 government inquiries (active pipeline)

Market + Model (CFO-Ready)

ETHRAEON is an AI governance/evidence platform built for audit reality: what changed, why, who approved it, and what proof exists. Not an AI provider—governance framework for any AI deployment.

Revenue path: Pilots → Platform subscriptions ($25K-$150K/month enterprise) → Managed services for regulated orgs (SOX, HIPAA, GDPR, ISO 27001).

TAM/SAM/SOM by Sector (12 Verticals)

🏛️ Financial Services
TAM: $18B | SAM: $4B | SOM (Y3): $200M
🏥 Healthcare / Medical AI
TAM: $376B | SAM: $8B | SOM (Y3): $150M
🏛️ Government / Infrastructure
TAM: $12B | SAM: $3B | SOM (Y3): $100M
💊 Pharmaceutical
TAM: $1.6T | SAM: $2B | SOM (Y3): $50M
💰 Fintech
TAM: $340B | SAM: $5B | SOM (Y3): $100M
🚀 Space Economy
TAM: $630B | SAM: $2B | SOM (Y5): $30M

Intellectual Property Portfolio

38
Total Patents
15 USPTO filed + 23 unfiled reserve
€267M+
IP Portfolio Value
Defensible constitutional AI governance IP

Three Revenue / Exit Paths (NOT Mutually Exclusive)

Revenue funds research. Research creates credibility. Platform scales both. These scenarios compound—not either/or.

PATH 1

Enterprise SaaS

Land-and-expand with professional services. Revenue-first.

Y3 ARR
€8M
Y5 ARR
€30M+
Exit Multiple
8-15x ARR
Strategic buyers: Microsoft, AWS, Anthropic (governance layer completes AI stack)
PATH 2

Research / Academic

Constitutional AI as industry standard. Patents + policy.

Patent Licensing
€2-10M/yr
Gov Contracts
€1-5M/yr
IP Value
€50-200M
Partnerships: Universities, research institutions, EU AI Act policy consulting
PATH 3

Platform / Infra

Constitutional governance as AI infrastructure layer.

Y5 Total
€53M
API Calls
Usage-based
Exit Range
€500M-1B+
Potential: 20-40x ARR multiples (AI infra tier, similar to OpenAI governance play)
Reality Check: Currently building pipeline (no active deals yet). These are evidence-based scenarios from TAM/SAM/SOM research + strategic buyer precedents (Microsoft acquired Nuance $19.7B for healthcare compliance, ServiceNow AI governance M&A strategy, Deloitte $3B+ Cognizant AI acquisition). Not fiction—deterministic modeling from receipts.
$500K
Seed target
6-12 months runway, first enterprise pilots
€50K
Bridge round target
Immediate stabilization (you = €10K-€15K / 20-30%)
47%
CAGR (2026-2030)
AI governance market growth rate
$45B
Total TAM
AI governance across all sectors

What I need a CFO to pressure-test

Rick, you told me directly: you need the tools to vet the financial plan so you can help me close funding and set terms that do not break the company.

This is the package I want you to review and mark up. It is designed for diligence, not storytelling.

Inside the CFO Kit:

  1. Operating model: hiring plan, roles, comp ranges, timing gates
  2. Full financials: 5-year model, monthly burn and runway, scenario toggles
  3. Unit economics: pricing, gross margin, CAC assumptions, sales cycle, payback
  4. Capital plan: bridge and seed sizing, use of funds, milestone gating
  5. Cap table: current and pro forma, dilution and option pool planning
  6. Risk register: top risks, mitigations, and what breaks first
  7. Go-to-market: ICP, procurement path, pipeline math, proof gates
  8. Investor narrative support: what is real now, what is planned, what must be proven

If you want to help, the fastest path is: review the kit, flag what you would challenge as a CFO, then tell me what you need changed so you can stand behind it.

Request CFO Kit

Controlled download. Password provided via email.

Next step

If you want to help, start with the CFO Kit. Review it. Mark it up. Tell me what needs to change.

Request CFO Kit