Looks like they significantly missed their goal. From Kagi's investment round invitation email:

- SAFE note round with a valuation cap of $40MM (pre-money)

- 249 investors maximum

- We are looking to raise around $2MM from our users in this way ($5MM max)

- Minimum investment amount per investor is $5,000, and maximum is $500,000.

So the $670k they now raised are only about a third of what they were aiming for.