Companies · Software / Tech

ABL Space Systems Co

EL SEGUNDO · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on ABL Space Systems Co — recommendation, valuation, rhythm, risks.
$480.3M
Total raised · real
5
Rounds
0.2×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Dec 14 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

ABL Space Systems Co 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 0.25× the median modeled value of Series D+ Software / Tech companies in 2022–2024 (29 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 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 Software / Tech

ABL Space Systems Co is one of 3920 Software / Tech companies tracked from EL SEGUNDO. 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
32
Investors (latest)
2023-12-14
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$5.0BSeries C · 2020-03-06 Raised $48M (real) Modeled valuation $1.5B (est)$48M$1.5BSeries C2020Series C · 2020-12-09 Raised $20M (real) Modeled valuation $550M (est)$20M$550MSeries C2020Series D+ · 2021-03-24 Raised $170M (real) Modeled valuation $4.5B (est)$170M$4.5BSeries D+2021Series D+ · 2021-10-22 Raised $202M (real) Modeled valuation $4.6B (est)$202M$4.6BSeries D+2021Series D+ · 2023-12-14 Raised $41M (real) Modeled valuation $537M (est)$41M$537MSeries D+2023+$20M+$170M+$202M+$41MCumulative $480M

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
Series C$47.5M · 2020
Series C extension$20.0M · 2020
Series D+$170.1M · 2021
Series D+ extension$202.0M · 2021
Series D+ extension$40.6M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$537.1M
Base estimate est.
$225.7M
Conservative case
$793.8M
Upside case
$338.7M
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.

Series C · modeled $1.5B · 2020-03-062020Series C · modeled $549.7M · 2020-12-09Series D+ · modeled $4.5B · 2021-03-24Series D+ · modeled $4.6B · 2021-10-22Series D+ · modeled $537.1M · 2023-12-142023
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
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$127.3M/yr
Capital velocity
6.3 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 104× above median
This company$480.3M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$40.6M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 15× above median
This company$537.1M
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 91% 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 #26 of 29.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Uniphore Technologies Inc. · Series D+ Raised $594.9M · modeled $7.7B (est)Capital Integration Systems LLC · Series D+ Raised $392.9M · modeled $7.3B (est)Remote Technology, Inc. · Series D+ Raised $310.1M · modeled $6.2B (est)Starburst Data, Inc. · Series D+ Raised $250.0M · modeled $5.3B (est)Aleo Systems Inc. · Series D+ Raised $221.2M · modeled $4.2B (est)Matter Labs · Series D+ Raised $252.0M · modeled $3.5B (est)Material Technologies Corp · Series D+ Raised $221.5M · modeled $3.4B (est)Mammoth Admin & Tech, LLC · Series D+ Raised $270.0M · modeled $3.4B (est)R Software Inc. · Series D+ Raised $242.0M · modeled $3.0B (est)Renew Tech One Ltd · Series D+ Raised $200.0M · modeled $2.7B (est)Monad Labs, Inc. · Series D+ Raised $258.4M · modeled $2.7B (est)Altana Technologies, Inc. · Series D+ Raised $344.1M · modeled $2.5B (est)ABL Space Systems Co (this company) Raised $480.3M · modeled $537.1M (est)ABL Space Systems Co
CompanyStageRaised · realValue · estvs peer med.
Uniphore Technologies Inc.Series D+$594.9M$7.7B3.56×
Capital Integration Systems LLCSeries D+$392.9M$7.3B3.36×
Remote Technology, Inc.Series D+$310.1M$6.2B2.83×
Starburst Data, Inc.Series D+$250.0M$5.3B2.43×
Aleo Systems Inc.Series D+$221.2M$4.2B1.93×
Matter LabsSeries D+$252.0M$3.5B1.61×
Material Technologies CorpSeries D+$221.5M$3.4B1.58×
Mammoth Admin & Tech, LLCSeries D+$270.0M$3.4B1.57×
R Software Inc.Series D+$242.0M$3.0B1.38×
Renew Tech One LtdSeries D+$200.0M$2.7B1.26×
Monad Labs, Inc.Series D+$258.4M$2.7B1.23×
Altana Technologies, Inc.Series D+$344.1M$2.5B1.16×
ABL Space Systems Co this companySeries D+$480.3M$537.1M0.25×
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.
Series C$47.5M2020-03-06$316.9M$1.5B90%
Series C$20.0M2020-12-09$133.3M$549.7M90%
Series D+$170.1M2021-03-24$1.4B$4.5B90%
Series D+$202.0M2021-10-22$1.7B$4.6B90%
Series D+$40.6M2023-12-14$338.7M$537.1M90%
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. Series C$47.5M2020-03-06
    • First recorded raise — entered as Series C.
    • 40 investors on this round.
  2. Series C$20.0M2020-12-09
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 36 investors on this round.
  3. Series D+$170.1M2021-03-24
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 8.5× larger than the prior — scaling up.
    • 85 investors on this round.
  4. Series D+$202.0M2021-10-22
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 58 investors on this round.
  5. Series D+$40.6M2023-12-14
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 32 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~11mo cadence
$40.6M
Modeled next size est.range $40.6M$65.0M
0.2×
Last step-up
$127.3M/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
Somu Subramaniam16 other2021-10
Ethan Batraski6 other2020-03
Daniel Piemont2020-03
Harrison O'Hanley2020-03
Kevin Sagis2023-12
Ronald O'Hanley2020-03
Registry & provenance

ABL Space Systems Co 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
1807044
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.

CompanySectorStageRaised · realValue · estWhy similar
Astranis Space Technologies Corp.Software / TechSeries D+$376.3M$7.4Bnetwork1 shared operator · same sector · same stage
ICON Technology, Inc.Software / TechSeries D+$474.8M$557.6Msame sector · same stage
Built Technologies, Inc.Software / TechSeries D+$277.6M$451.0Msame sector · same stage
Powerup Technology Inc.Software / TechSeries D+$277.0M$588.0Msame sector · same stage
Uptake Technologies, Inc.Software / TechSeries D+$255.3M$657.4Msame sector · same stage
Tembo Data Systems, Inc.Software / TechSeries A$14.0M$81.6Mnetwork1 shared operator · same sector
Pakal Technologies, Inc.Software / TechSeries A$13.3M$10.0Mnetwork1 shared operator · same sector
Glydways, Inc.Other TechnologySeries D+$200.4M$869.1Mnetwork1 shared operator · same stage
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
Abv Technology, Inc.Software / TechSeed$36.8M82%
ABXR Labs, Inc.Software / TechSeries B$6.8M82%
Astranis Space Technologies Corp.Software / TechSeries D+$7.4B82%
Portal Space Systems Inc.Software / TechSeries C$343.8M81%
Space Technology Holdings LLCSoftware / TechPre-Seed$1.3M81%
Benchmark Space Systems, Inc.Software / TechSeries B$12.9M80%
State Space Labs, Inc.Software / TechSeries C$120.2M80%
Charter Space Technologies, Inc.Software / TechSeed$11.6M80%
Frequently asked
How much funding has ABL Space Systems Co raised?
ABL Space Systems Co has raised approximately $480.3M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is ABL Space Systems Co's estimated valuation?
Provath's modeled valuation for ABL Space Systems Co is approximately $537.1M (modeled range $225.7M–$793.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ABL Space Systems Co at?
ABL Space Systems Co's latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Dec 14.
What does ABL Space Systems Co do and where is it based?
ABL Space Systems Co operates in the Software / Tech sector, based in EL SEGUNDO.
Explore related

See where ABL Space Systems Co sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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