EverySense,Inc. announced that it will issue 7,500,000 convertible preferred shares at a price of $0.4 per shares for the gross proceeds $3,000,000 on January 4, 2018. The shares carry non-cumulative dividend rate of 7% and will be convertible into common shares at a price of $4.11146 per share. The shares are convertible and participating.

The round was raised at post money valuation of $3,000,000.