Business + Capital Timeline

One capitalisation. Fast learning.

The plan deliberately front-loads people, research and paid user testing so Cleopas reaches the market quickly without making a second fundraising round part of the technical architecture.

A$15M recommended. Roughly A$9.05M is currently allocated across the first 24 months. The balance remains protected runway and acceleration capital.
Why this capital structure

The money makes the product stronger.

The first 50 questions are expensive because we want them attacked properly. The first 1,000 beta participants are expensive because we want hours of use and detailed feedback, not vanity registrations. More engineers and researchers early buy speed. The remaining reserve buys independence if revenue, research or infrastructure takes longer than expected.

NOW · AUGUST 2026

Method + research proof

Burial pilot externally stress-tested. Claim decomposition, source dependence, evidence-family separation and maximum defensible language now form the current architecture.

People

Founder-led work, current engineer, external reviewers

Capital

Existing capital / founder-funded

Gate

Ready to encode the reviewed method into a real product.

0 to 3 months

Build + private alpha

4 to 6 engineers begin the governed product while the internal research team starts the first 10 Gold Questions and prepares the wider 50-question programme. Private alpha begins in weeks 6 to 12.

People

Engineering 4-6; research ops 4-6; external specialists; 25-100 alpha users

Capital

Front-loaded engineering, research setup, compute, legal and first scholar reviews

Gate

Can the live system answer unscripted questions without outrunning evidence?

3 to 6 months

Closed beta + research factory

Staged paid cohorts begin. Research and engineering operate in parallel. Questions 11 to 20 introduce harder counterarguments. The system starts assisting claim decomposition and research preparation.

People

Hundreds of users; research and engineering teams both active

Capital

Paid users, specialist review, tooling, evaluation and product iteration

Gate

Does deep paid use expose repeatable failure modes and real question demand?

6 to 12 months

Expanded beta + first 50 governed questions

Build toward approximately 1,000 intensive paid participants and 50 deeply governed user-facing questions. User conversation data begins changing research priorities.

People

Up to ~1,000 intensive testers over staged cohorts; broader scholar network

Capital

Major beta spend, 50-question peer review, continued engineering and research

Gate

Are research hours per governed topic falling while integrity holds?

12 to 24 months

Demand-led Evidence Landscape

Topic ordering becomes increasingly user-led. System-assisted research improves. External experts focus on contested frontier judgments. Revenue and supporter economics are tested without making survival depend on them.

People

Growing research network, engineering scale, selected partners and broader beta/public cohorts

Capital

Product scale, research expansion, sovereignty pathway, controlled distribution

Gate

Do users, researchers and the system form a repeatable learning flywheel?

24+ months

North Star

A living human-governed Evidence Landscape where real user questions reveal what should be researched next, AI accelerates the work, and humans retain authority over governed knowledge.

People

Research organisation potentially as strategically important as engineering

Capital

Deploy reserve only against proven learning and growth

Gate

Can Cleopas expand breadth without integrity degrading?

Capital discipline

Raise once does not mean spend once.

The recommended A$15M commitment should be governed through annual budgets, board controls and milestone gates. Unused capital remains runway. If the product learns faster than expected, the reserve accelerates sovereignty, research breadth and distribution. If it learns slower, the same reserve prevents a forced second raise at exactly the wrong time.

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