Companies · Telecommunications

Adaptive Spectrum & Signal Alignment Inc

Redwood City · Telecommunications

Diligence memoA one-page analyst read on Adaptive Spectrum & Signal Alignment Inc — recommendation, valuation, rhythm, risks.
$52.2M
Total raised · real
4
Rounds
1.6×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Tue Sep 27 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Adaptive Spectrum & Signal Alignment Inc looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom 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 0.62× the median modeled value of Series B Telecommunications companies in 2016–2018 (18 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.8 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.
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 Telecommunications

Adaptive Spectrum & Signal Alignment Inc is one of 929 Telecommunications companies tracked from Redwood City. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and in the upper tier 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
18
Investors (latest)
2016-09-27
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$125M$250M$375M$500MSeries B · 2009-09-28 Raised $21M (real) Modeled valuation $400M (est)$21M$400MSeries B2009Series B · 2011-06-23 Raised $13M (real) Modeled valuation $255M (est)$13M$255MSeries B2011Series B · 2012-10-19 Raised $7.0M (real) Modeled valuation $135M (est)$7.0M$135MSeries B2012Series B · 2016-09-27 Raised $11M (real) Modeled valuation $215M (est)$11M$215MSeries B2016+$13M+$7.0M+$11MCumulative $52M

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 B$20.8M · 2009
Series B extension$13.2M · 2011
Series B extension$7.0M · 2012
Series B extension$11.2M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$215.1M
Base estimate est.
$27.1M
Conservative case
$827.6M
Upside case
$62.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Series B · modeled $400.2M · 2009-09-282009Series B · modeled $254.7M · 2011-06-23Series B · modeled $134.7M · 2012-10-19Series B · modeled $215.1M · 2016-09-272016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
44% low · 81% high
1.32×/yr
Annual markup
1.60×/yr upside case
6.0 yr
Elapsed time used
9.8 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
28 mo
Avg between rounds
$7.5M/yr
Capital velocity
16.8 yr
On record since
2009
First round
4
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 13× above median
This company$52.2M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.6× of median
This company$11.2M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 7.6× above median
This company$215.1M
Sector median$28.3M

Raised more than 88% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #13 of 18.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Communications Tower Group LLC · Series B Raised $38.3M · modeled $737.0M (est)Omnispace Llc · Series B Raised $46.8M · modeled $577.3M (est)RightMesh GmbH · Series B Raised $30.0M · modeled $577.3M (est)Infrastructure Networks, Inc. · Series B Raised $50.4M · modeled $533.3M (est)elocal USA LLC · Series B Raised $25.0M · modeled $481.1M (est)Fusion Connect, Inc. · Series B Raised $105.3M · modeled $436.8M (est)Simplifi Wireless DAS Holdings, LLC · Series B Raised $22.5M · modeled $433.0M (est)Gamemine LLC · Series B Raised $20.0M · modeled $384.9M (est)Fiber Platform, LLC · Series B Raised $18.5M · modeled $356.0M (est)Straight Path Communications Inc. · Series B Raised $17.5M · modeled $336.8M (est)Mobiquity Inc. · Series B Raised $47.9M · modeled $311.1M (est)Vidyo Inc · Series B Raised $136.4M · modeled $233.4M (est)Adaptive Spectrum & Signal Alignment Inc (this company) Raised $52.2M · modeled $215.1M (est)Adaptive Spectrum & Signal Alignment Inc
CompanyStageRaised · realValue · estvs peer med.
Communications Tower Group LLCSeries B$38.3M$737.0M2.13×
Omnispace LlcSeries B$46.8M$577.3M1.67×
RightMesh GmbHSeries B$30.0M$577.3M1.67×
Infrastructure Networks, Inc.Series B$50.4M$533.3M1.54×
elocal USA LLCSeries B$25.0M$481.1M1.39×
Fusion Connect, Inc.Series B$105.3M$436.8M1.26×
Simplifi Wireless DAS Holdings, LLCSeries B$22.5M$433.0M1.25×
Gamemine LLCSeries B$20.0M$384.9M1.11×
Fiber Platform, LLCSeries B$18.5M$356.0M1.03×
Straight Path Communications Inc.Series B$17.5M$336.8M0.97×
Mobiquity Inc.Series B$47.9M$311.1M0.90×
Vidyo IncSeries B$136.4M$233.4M0.67×
Adaptive Spectrum & Signal Alignment Inc this companySeries B$52.2M$215.1M0.62×
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 B$20.8M2009-09-28$115.5M$400.2M85%
Series B$13.2M2011-06-23$73.5M$254.7M85%
Series B$7.0M2012-10-19$38.9M$134.7M85%
Series B$11.2M2016-09-27$62.1M$215.1M90%
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 B$20.8M2009-09-28
    • First recorded raise — entered as Series B.
    • 41 investors on this round.
  2. Series B$13.2M2011-06-23
    • Raised again after 21 mo — slower than the ~10 mo sector norm.
    • Round 1.6× smaller than the prior — bridge or down round.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 15 investors on this round.
  3. Series B$7.0M2012-10-19
    • Raised again after 16 mo — slower than the ~10 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Series B$11.2M2016-09-27
    • Raised again after 47 mo — slower than the ~10 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 18 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~28mo cadence
$17.8M
Modeled next size est.range $11.6M$28.5M
1.6×
Last step-up
$7.5M/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
Reed E Hundt2 other2012-10
Noah D Mesel1 other2012-10
Assia M Cioffi2009-09
Daniel E Lee2012-10
Daniel M Lee2011-06
Daniel T Lee2009-09
David Colchero Raun2016-09
Diego Colchero Paetz2016-09
Douglas E King2012-10
Douglas M King2009-09
Enrique Blanco Nadales2012-10
Hemant Colchero Thapar2016-09
Jim E Wheat2012-10
John M Cioffi2009-09
Marc E Goldburg2012-10
Marc M Goldburg2009-09
Mary Colchero Fuller2016-09
Olivier Colchero Sichel2016-09
Philip E Bednarz2012-10
Philip M Bednarz2009-09
Raymond M Ostby2009-09
Ross M Ireland2009-09
Registry & provenance

Adaptive Spectrum & Signal Alignment 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
1501340
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
Guerrilla RF, Inc.TelecommunicationsSeries B$51.9M$136.5Msame sector · same stage
Tristar Investors IncTelecommunicationsSeries B$50.9M$288.7Msame sector · same stage
Actelis Networks IncTelecommunicationsSeries B$53.8M$135.5Msame sector · same stage
SmartSky Investco, LLCTelecommunicationsSeries C$68.3M$465.1Mnetwork1 shared operator · same sector
DialogTech Inc.TelecommunicationsSeries B$56.9M$47.7Msame sector · same stage
Mobiquity Inc.TelecommunicationsSeries B$47.9M$311.1Msame sector · same stage
Antenna Software IncTelecommunicationsSeries B$57.8M$49.3Msame sector · same stage
Lightyear Network Solutions, Inc.TelecommunicationsSeries B$46.5M$96.2Msame sector · 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
Cognitive Network Solutions IncTelecommunicationsSeed$4.0M86%
Edge Spectrum, Inc.TelecommunicationsSeed$43.1M86%
Network Integrity Systems IncTelecommunicationsSeed$24.3M83%
NewEdge Signal Solutions Inc.TelecommunicationsSeries A$116.2M82%
Critical Telephone Applications, IncTelecommunicationsPre-Seed$2.7M82%
Wireless Telecom Group IncTelecommunicationsSeries A$15.3M82%
Frequency Networks, Inc.Other TechnologySeries A$19.3M82%
Spectrum Global Solutions, Inc.Other TechnologySeed$51.1M82%
Frequently asked
How much funding has Adaptive Spectrum & Signal Alignment Inc raised?
Adaptive Spectrum & Signal Alignment Inc has raised approximately $52.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Adaptive Spectrum & Signal Alignment Inc's estimated valuation?
Provath's modeled valuation for Adaptive Spectrum & Signal Alignment Inc is approximately $215.1M (modeled range $27.1M–$827.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Adaptive Spectrum & Signal Alignment Inc at?
Adaptive Spectrum & Signal Alignment Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Sep 27.
What does Adaptive Spectrum & Signal Alignment Inc do and where is it based?
Adaptive Spectrum & Signal Alignment Inc operates in the Telecommunications sector, based in Redwood City.
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