EVIDENT

Capital Materials

$2M SAFE Round · Institutional Access Portal

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Company

The Authoritative Event Ledger for High-Consequence Life Transitions

Evident Systems, Inc. is building the canonical infrastructure layer for lifecycle event authentication and institutional routing — a cryptographically anchored, jurisdiction-normalized platform that authenticates death, organ donation, probate, and guardianship events and routes them to institutional endpoints with legally defensible provenance.

The platform is engineered for environments where data integrity, sequence traceability, and regulatory durability are non-negotiable: health systems, organ procurement organizations, state vital records registries, and probate courts.

Investment Thesis

Infrastructure Monopoly on Truth

The platform that becomes the canonical reference for lifecycle event authentication controls the switching cost. Every downstream system — insurer, SSA, pension, court — defers to Evident. That is structurally indispensable infrastructure.

Compounding Institutional Dependency

Each integration embeds Evident deeper into operational workflows. Healthcare litigation exposure exceeds $55B annually in the US — and every health system, OPO, and registry that routes through Evident becomes progressively harder to unwind.

Unique Competitive Position

Epic and Cerner control EHR but cannot replicate state registry relationships. State registries have legal authority but cannot build routing infrastructure. Evident is neutral infrastructure both sides depend on — and neither can build.

Multi-Layer Monetization

Platform licensing → compliance modules → intelligence products → financial trigger automation. Each layer is enabled by the one below it. Phase 3 financial automation carries the highest ACV and is structurally gated behind Phase 1 and 2 adoption.

SAFE Round Terms

InstrumentPost-Money SAFE — Y Combinator Standard Form
Round Size$2,000,000 target · $2,500,000 maximum
Valuation Cap$14,000,000 post-money
Discount RateNone
Conversion TriggerQualified financing ≥ $1,000,000
Pro-Rata RightsYes — investors writing ≥ $500,000
MFN ClauseNone
Board ObserverNone
Target CloseQ2 2026 — rolling close
Implied Ownership14.3% at target raise ($2M / $14M post)

Use of Funds — $2M · 18-20 Month Runway

Engineering & Infrastructure
Core ledger build, cloud, security audit
$800,000
40%
Partnerships & Business Dev
Health system, OPO, registry relationships
$400,000
20%
Compliance, Legal & Regulatory
HIPAA counsel, filings, state engagement
$240,000
12%
Product & Design
UX, API docs, partner onboarding
$200,000
10%
Operations & G&A
Admin, accounting, D&O insurance
$200,000
10%
Reserve / Contingency
Extended runway buffer
$160,000
8%

Series A Gate Milestones — What This Round Funds

The $2M SAFE is structured to achieve institutional validation sufficient to initiate a Series A process from a position of strength.

Gate 1
Q1 2027
2 health systems live on production ledger
Proof of institutional adoption
Gate 2
Q2 2027
1 state registry integration live + 1 in active development
Regulatory legitimacy signal
Gate 3
Q2 2027
Annualized revenue run-rate > $500K
Early revenue durability signal
Gate 4
Q2 2027
Compliance module live with 2 customers
Multi-product expansion proves platform thesis
Gate 5
Q3 2027
Formal federal engagement documented
National infrastructure narrative
Gate 6
Q3–Q4 2027
Series A process launched
Close target Q4 2027 / Q1 2028

Access to Detailed Materials

Detailed financials, financial model, technical architecture documentation, and governance materials are available to qualified investors and institutional partners upon submission of a dataroom access request.

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This page does not constitute an offer to sell or solicitation of an offer to buy any securities. All materials are confidential and subject to applicable restrictions. Projected financial metrics are forward-looking and subject to material uncertainty.