They currently have customers/orders for 30 launches ($150m) a tested engine and LV in production if the web photos are anything to go by. This is far from a paper rocket or startup with a webpage.
They used the word "commitment" with respect to those 30 launches. It's far from clear how firm that commitment is. Also, launch companies often give steep discounts to early customers, so I don't think we can take $150 million as a given. No list of customers was given. It could be that all 30 launch commitments are from a start-up that hopes to launch a fleet of small satellites but does not yet itself have the funding to do so.
It's also not clear if they've tested or even designed the engine they plan to use for their orbital launch vehicle. They've launched sounding rockets, which is something, but it's not clear that they won't have to develop a whole new engine for their planned orbital launch vehicle.
It's also not clear what their development schedule is, how much funding they think they need to reach operational status, and how much funding they currently have.