Companies · Other Technology

98Point6 Inc.

SEATTLE · Other Technology

Diligence memoA one-page analyst read on 98Point6 Inc. — recommendation, valuation, rhythm, risks.
$267.6M
Total raised · real
7
Rounds
0.2×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Aug 23 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

98Point6 Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.18× the median modeled value of Series D+ Other Technology companies in 2022–2024 (75 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.9 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Technology

98Point6 Inc. is one of 21292 Other Technology companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
38
Investors (latest)
2022-08-23
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BPre-Seed · 2015-04-21 Raised $750K (real) Modeled valuation $32M (est)Pre-Seed2015Series A · 2016-07-18 Raised $11M (real) Modeled valuation $306M (est)Series A2016Series B · 2017-09-06 Raised $29M (real) Modeled valuation $886M (est)Series B2017Series C · 2018-10-16 Raised $50M (real) Modeled valuation $1.6B (est)Series C2018Series C · 2020-03-20 Raised $37M (real) Modeled valuation $1.2B (est)Series C2020Series D+ · 2020-09-30 Raised $119M (real) Modeled valuation $3.5B (est)Series D+2020Series D+ · 2022-08-23 Raised $21M (real) Modeled valuation $385M (est)Series D+2022+$11M+$29M+$50M+$37M+$119M+$21MCumulative $268M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$750K · 2015
Series A$11.0M · 2016no Seed on file
Series B$29.1M · 2017
Series C$50.0M · 2018
Series C extension$37.2M · 2020
Series D+$118.7M · 2020
Series D+ extension$20.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 83%.

Modeled valuation trajectory
$384.6M
Base estimate est.
$116.1M
Conservative case
$660.0M
Upside case
$174.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $31.8M · 2015-04-212015Series A · modeled $305.8M · 2016-07-18Series B · modeled $885.7M · 2017-09-06Series C · modeled $1.6B · 2018-10-16Series C · modeled $1.2B · 2020-03-20Series D+ · modeled $3.5B · 2020-09-30Series D+ · modeled $384.6M · 2022-08-232022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
3.9 yr
Elapsed time used
3.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$36.5M/yr
Capital velocity
11.2 yr
On record since
2015
First round
7
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 84× above median
This company$267.6M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$20.9M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 10× above median
This company$384.6M
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #63 of 75.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$100.0M$1.0BCapital raised (log)Memphis Meats, Inc. · Series D+ Raised $611.2M · modeled $8.2B (est)Edgio, Inc. · Series D+ Raised $361.3M · modeled $6.4B (est)Siprocal, Inc · Series D+ Raised $380.0M · modeled $6.1B (est)PacketFabric, Inc. · Series D+ Raised $423.5M · modeled $5.9B (est)Guess & Co. Corp · Series D+ Raised $250.0M · modeled $5.2B (est)Skydio, Inc. · Series D+ Raised $323.4M · modeled $4.7B (est)BAM Management US Holdings Inc. · Series D+ Raised $216.8M · modeled $4.4B (est)Coalition, Inc. · Series D+ Raised $221.4M · modeled $4.2B (est)Alchemy Insights, Inc. · Series D+ Raised $352.1M · modeled $4.1B (est)Fetch Rewards, Inc. · Series D+ Raised $530.7M · modeled $3.9B (est)Matonee Inc. · Series D+ Raised $200.0M · modeled $3.8B (est)Lightmatter, Inc. · Series D+ Raised $527.2M · modeled $3.8B (est)98Point6 Inc. (this company) Raised $267.6M · modeled $384.6M (est)98Point6 Inc.
CompanyStageRaised · realValue · estvs peer med.
Memphis Meats, Inc.Series D+$611.2M$8.2B3.90×
Edgio, Inc.Series D+$361.3M$6.4B3.06×
Siprocal, IncSeries D+$380.0M$6.1B2.91×
PacketFabric, Inc.Series D+$423.5M$5.9B2.82×
Guess & Co. CorpSeries D+$250.0M$5.2B2.46×
Skydio, Inc.Series D+$323.4M$4.7B2.24×
BAM Management US Holdings Inc.Series D+$216.8M$4.4B2.11×
Coalition, Inc.Series D+$221.4M$4.2B2.02×
Alchemy Insights, Inc.Series D+$352.1M$4.1B1.95×
Fetch Rewards, Inc.Series D+$530.7M$3.9B1.85×
Matonee Inc.Series D+$200.0M$3.8B1.80×
Lightmatter, Inc.Series D+$527.2M$3.8B1.79×
98Point6 Inc. this companySeries D+$267.6M$384.6M0.18×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$750K2015-04-21$4.2M$31.8M85%
Series A$11.0M2016-07-18$50.1M$305.8M85%
Series B$29.1M2017-09-06$161.6M$885.7M90%
Series C$50.0M2018-10-16$333.3M$1.6B90%
Series C$37.2M2020-03-20$247.7M$1.2B90%
Series D+$118.7M2020-09-30$989.1M$3.5B90%
Series D+$20.9M2022-08-23$174.3M$384.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$750K2015-04-21
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series A$11.0M2016-07-18
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 14.7× larger than the prior — scaling up.
    • 23 investors on this round.
  3. Series B$29.1M2017-09-06
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 36 investors on this round.
  4. Series C$50.0M2018-10-16
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 37 investors on this round.
  5. Series C$37.2M2020-03-20
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 32 investors on this round.
  6. Series D+$118.7M2020-09-30
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 45 investors on this round.
  7. Series D+$20.9M2022-08-23
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 5.7× smaller than the prior — bridge or down round.
    • 38 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~15mo cadence
$20.9M
Modeled next size est.range $20.9M$33.5M
0.2×
Last step-up
$36.5M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Michael Farello6 other2020-09
Nader Naini5 other2018-10
LAURIE CANSLER2 other2016-07
ROBERT CAPE2 other2016-07
Sarah Smith2 other2022-08
David Viniar1 other2018-10
John Burrell1 other2022-08
Gregory R Roer2015-04
Jeffrey Greenstein2017-09
Jim Sinegal2018-10
Laurence Fink2018-10
Leila Kirske2020-03
Regina Benjamin2018-10
Tori Lallemont2017-09
Registry & provenance

98Point6 Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1640425
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
98point6 Technologies Inc.Software / TechSeries B$12.4M91%
C-981, IncOther TechnologySeed$14.0M89%
Widepoint CorpOther TechnologySeed$55.0M83%
Pathpoint, Inc.Other TechnologySeries B$941.3M83%
RedPoint Global Inc.Other TechnologySeries A$3.9M82%
99Bridges Inc.Other TechnologyPre-Seed$1.5M82%
GlassPoint, Inc.Other TechnologySeed$13.8M82%
1Point Merchant Solutions, Inc.Other TechnologyPre-Seed$21.2M82%
Frequently asked
How much funding has 98Point6 Inc. raised?
98Point6 Inc. has raised approximately $267.6M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is 98Point6 Inc.'s estimated valuation?
Provath's modeled valuation for 98Point6 Inc. is approximately $384.6M (modeled range $116.1M–$660.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is 98Point6 Inc. at?
98Point6 Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Aug 23.
What does 98Point6 Inc. do and where is it based?
98Point6 Inc. operates in the Other Technology sector, based in SEATTLE.
Explore related

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