Introduction
Marcus Schmitt started Copytrack GmbH in 2016 as a German company in the legal tech sector with a focus on copyright enforcement. Within only two years, Copytrack GmbH became one of the leading providers in this industry globally. COPYTRACK Technologies Inc. provides global image monitoring technology to track the distribution and illegal image use as well as product piracy for brands, agencies, publishers, photographers, and influencers.
This is a multi-billion dollar market.
With our legal-tech branch Copytrack GmbH in Germany we have a successful track record with a $15 million claim volume per year.
COPYTRACK Technologies Inc. takes a much broader approach as a pure technology provider, for three different multibillion markets that all have one thing in common: Images / Media.
- Global Brand & Product Monitoring
- Marketing & Influencer Monitoring
- Use of unlicensed media
The goal of COPYTRACK Technologies Inc. is to be the leading technology provider in this industry. To achieve results very quickly, we plan to do this through in-house development but also through the purchase of technology.
Problem
Online image use is completely uncontrolled, making 85% illegal & the damage from counterfeit products reach $500 billion annually.
Every day, over 3 billion images are uploaded and shared on the Internet, 85% of which are used without a proper license.
The damage caused by counterfeit products exceeds 450 billion euros per year. Influencers & marketing agencies have no idea where their own images are spreading on the Internet.
Solution
COPYTRACK Technologies Inc.'s technology allows the monitoring of image usage worldwide.
These include several image crawling systems that currently perform 350,000,000 web page visits per month and fill a 25 TB repository of results.
Also, an image-matching AI with a 97.8% accuracy, regardless of whether the image has been altered, distorted, or integrated into an overall image. This currently compares over 240,000,000 images per month for matching.
Copytrack GmbH in Germany already uses this powerful technology - here, many millions of images are checked daily for copyright infringements.
Success To Date
COPYTRACK Technologies Inc.’s technology:
- High performance crawler systems crawling up to 350 million Websites / month
- Image matching AI with close to 100% accuracy
- Comparing 186 million images / month
With Copytrack GmbH in Germany which represents the “Copyright Enforcement Business” and is licensing our technology:
- 45,000+ clients
- Processing 12,000+ infringement cases per month
- Processing USD $15+ mil of claim value annually
- Clients from 127 countries
Business Model
COPYTRACK Technologies Inc. runs on a pure SAAS model.
With Copytrack GmbH in Germany, a commission model is successfully implemented, but the core of COPYTRACK Technologies Inc. is licensing of its technology and systems for monitoring and reporting, targeting Brands, IP-lawyers, marketing agencies & influencers in a SAAS model. Copytrack GmbH Germany being the first client to do so with a contract that generates $5,000 - 10,000 / month.
Market
Of the 3 billion images uploaded and shared on the web every day, 85% are used illegally - that alone is a billion-dollar market. Add to that the market of product piracy, which represents another market of almost $500 billion.
Frequently Asked Questions
Team
Use of Proceeds
If the offering's maximum amount of $1,069,999 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Compensation for managers | $80,000 | 7.5% |
| Legal & Consulting fees | $15,000 | 1.4% |
| Marketing | $50,000 | 4.7% |
| Technology acquisition | $400,000 | 37.4% |
| Technology development | $300,000 | 28.0% |
| Sales | $167,570 | 15.7% |
| Reimbursable Expenses | $5,000 | 0.5% |
| Intermediary fees | $52,430 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Class A, under registration exemption 4(a)(6), in COPYTRACK Technologies Inc.. This offering must reach its target of at least $10,000 by its offering deadline of November 30, 2023 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Dec 1, 2023Primary offering finalized, selling shares
- Sep 15, 2023The monthly sales mark of 250,000 was...
- Jul 4, 2023Quarterly results Q2/2023 of Copytrack GmbH...
- Apr 2, 2023Copytrack GmbH in Germany doubled global...
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