Ben Bray
IHV Verified
Ben Bray
RADVerified
Ben Bray · Sydney, NSW
A complete record of work. A radically better way to claim R&D.
🚀 FundraisingSaaS / B2B SoftwareAI / Machine LearningFintech
Raising
$1.3M
Equity
30 Nov 2026
Target Close
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About RAD

RAD is a technology layer that autonomously builds a complete, secure and accessible record of work across processes, tools and teams. Starting with R&D, it turns everyday activity into structured evidence of what teams did, why and how the work progressed. Paired with expert advisers, RAD connects evidence capture to finished claims—redefining how businesses claim R&D.

5
Early Paying Customers
$80K+ ARR
Weighted Pipeline
1 Exclusive
Global Advisor Partner

🎯 The Problem

R&D happens every day. The evidence gets rebuilt at year end. Teams spend hundreds of hours reconstructing experiments, decisions and outcomes, while advisers charge thousands to turn fragmented records into claims. The cost and complexity leave businesses paying heavily to claim—or not claiming at all.

💡 The Solution

RAD captures work as it happens and turns it into structured R&D evidence. Paired with expert advisers, it connects the record to a finished claim, with qualified judgement where it matters. Year-round capture reduces retrospective admin, streamlines claim preparation and creates the foundation for R&D finance.

💰 Raise Details

Raise Target
$1.3M
Instrument
Equity
Target Close
30 Nov 2026
Market Size

13,490 Australian companies claimed the R&D Tax Incentive in 2023–24. RAD estimates a further 16,700 eligible businesses may not claim because of cost and complexity. Australia is the beachhead, followed by the UK, New Zealand, Ireland and Canada. RAD Work expands the opportunity beyond R&D, providing real work context for teams and AI tools.

Use of Funds

Raising A$1.3M pre-seed: 53% product and models, 34% operations and infrastructure, 12% go-to-market and 1% partner claims delivery. Funding will support first adviser-reviewed claims, standalone RAD Work customers, R&D finance through a lending partner and preparation for international expansion.

Raise Summary

Raising A$1.3M pre-seed to scale RAD from paying pilots to finished R&D claims, launch standalone RAD Work and enable partner-led R&D finance. One proprietary AI engine powers recurring software revenue, claims services and a broader opportunity: real work context for teams and AI tools.

📄 Documents

🔒 Rad Investor Deck IV Oct26.pdfRegister as an investor to view →

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👥 Team

Andrew Timms
Andrew Timms
Co-Founder
Co-founder of RAD and Nakatomi, combining art, entrepreneurship, engineering and commercial thinking to build new companies. His teams’ work has earned D&AD Black Pencils, a Cannes Lions Grand Prix for Good and Good Design Best in Class recognition.
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Benjamin Bray
Benjamin Bray
Co-Founder
Co-founder of RAD and Nakatomi, product strategist and repeat founder. Founded VR company Float Studios, acquired by FINCH in 2017. Invests in and builds ventures across industries, with internationally awarded work in innovation and design. Australian Top 100 Innovator 2025.
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Mike Dunn
Mike Dunn
Sales & Partnerships
Venture partner and former Zavy CEO with experience running technology startups and scale-ups. Brings expertise in pricing, first customers, sales, partnerships and capital raising, backed by earlier roles in commercial development, consulting and law.
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Matt Edwards
Matt Edwards
Product & Delivery
Mechatronics engineer turned venture operator, with experience across product management and commercial strategy. RAD’s LinkedIn-listed Head of Operations and Nakatomi’s Head of Venture Development, coordinating ventures from ideation and validation through development and go-to-market.
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Glen Cassidy
Glen Cassidy
Brand & Marketing
Founder, strategist and creative with experience as CMO at Zero Co and Head of Strategy at Hopeful Monsters. Now Nakatomi’s Venture Partner and Head of Brand + GTM, bringing brand, commercial and creative expertise to RAD.
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Prince Shrestha
Prince Shrestha
Software & AI Engineering
Software engineer building digital products across platforms, with experience spanning full-stack development and space systems engineering. At Nakatomi since 2023, he develops RAD’s software and AI capabilities, including work classification and model evaluation.
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Tom Bremner
Tom Bremner
Technology & Intelligence
Nakatomi’s Head of Technology, progressing from Applied Technologist to Software Lead and technology leadership. Brings eight years at Nakatomi, expertise in software engineering and DevOps, and earlier experience at Saluda Medical and Sphere Drones.
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Isaias Ulevich
Isaias Ulevich
Product Design & Development
Senior Product Designer at Nakatomi with seven years in digital design and five specialising in product and experience design. Works across AI-first experiences, design systems and end-to-end web and mobile products, from exploration through production.
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🏭 Sector Focus
SaaS / B2B SoftwareAI / Machine LearningFintech
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📊 Stage
Pre-Seed