Companies · Other Energy

Advanced Ionics Inc

New Berlin · Other Energy

Diligence memoA one-page analyst read on Advanced Ionics Inc — recommendation, valuation, rhythm, risks.
$20.9M
Total raised · real
4
Rounds
1.4×
Latest step-up
Top 20%
Sector rank · raised
Series B
Latest stage · inferred · Mon Jul 31 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Advanced Ionics Inc looks fair 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 energy sector profile.

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

Fair
  • Modeled value is 0.86× the median modeled value of Series B Other Energy companies in 2022–2024 (44 peers) — value vs value, same stage and era.
  • Within the normal band (86% of peer median) for its niche.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 12 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 Energy

Advanced Ionics Inc is one of 2048 Other Energy companies tracked from New Berlin. By capital raised it ranks in the upper tier (ahead of 81% 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
25
Investors (latest)
2023-07-31
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$50M$100M$150M$200MPre-Seed · 2020-12-01 Raised $750K (real) Modeled valuation $10M (est)$750K$10MPre-Seed2020Seed · 2021-11-22 Raised $2.9M (real) Modeled valuation $24M (est)$2.9M$24MSeed2021Seed · 2023-05-11 Raised $525K (real) Modeled valuation $2.7M (est)$525K$2.7MSeed2023Series A · 2023-07-31 Raised $12M (real) Modeled valuation $60M (est)$12M$60MSeries A2023Series B · 2023-07-31 Raised $17M (real) Modeled valuation $106M (est)$17M$106MSeries B2023+$2.9M+$525K+$12M+$17MCumulative $33M

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 · 2020
Seed$2.9M · 2021
Seed extension$525K · 2023
Series A$12.2M · 2023
Series B$16.7M · 2023

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$106.2M
Base estimate est.
$39.7M
Conservative case
$226.6M
Upside case
$92.9M
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 energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $10.3M · 2020-12-012020Seed · modeled $24.2M · 2021-11-22Seed · modeled $2.7M · 2023-05-11Series A · modeled $59.9M · 2023-07-31Series B · modeled $106.2M · 2023-07-312023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.22×/yr
Annual markup
1.47×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$7.9M/yr
Capital velocity
5.6 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 2048 companies in Other Energy. 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) 6.1× above median
This company$20.9M
Sector median$3.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$16.7M
Sector median$19.1M
Modeled value — vs sector median (estimate, all stages) 6.2× above median
This company$106.2M
Sector median$17.0M

Raised more than 81% 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 #28 of 44.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Pineapple Holdings, Inc. · Series B Raised $32.0M · modeled $264.2M (est)JTEC Energy, Inc. · Series B Raised $32.2M · modeled $246.2M (est)TMC the metals Co Inc. · Series B Raised $30.3M · modeled $232.5M (est)Cherry Street Holding Company, LLC · Series B Raised $27.8M · modeled $207.7M (est)Clean Hydrogen Works LA-1, L.L.C. · Series B Raised $30.0M · modeled $200.5M (est)Aether Fuels Pte. Ltd. · Series B Raised $36.9M · modeled $198.2M (est)Solv4 Energy AZ LLC · Series B Raised $25.0M · modeled $193.6M (est)Infinite Invention, Inc. · Series B Raised $65.4M · modeled $172.3M (est)Nebula Energy LLC · Series B Raised $27.0M · modeled $171.2M (est)VEIR, Inc. · Series B Raised $36.7M · modeled $165.2M (est)Apricus Generation, Inc. · Series B Raised $27.7M · modeled $154.8M (est)Perch Energy, Inc. · Series B Raised $31.6M · modeled $153.2M (est)Advanced Ionics Inc (this company) Raised $20.9M · modeled $106.2M (est)Advanced Ionics Inc
CompanyStageRaised · realValue · estvs peer med.
Pineapple Holdings, Inc.Series B$32.0M$264.2M2.14×
JTEC Energy, Inc.Series B$32.2M$246.2M2.00×
TMC the metals Co Inc.Series B$30.3M$232.5M1.88×
Cherry Street Holding Company, LLCSeries B$27.8M$207.7M1.68×
Clean Hydrogen Works LA-1, L.L.C.Series B$30.0M$200.5M1.63×
Aether Fuels Pte. Ltd.Series B$36.9M$198.2M1.61×
Solv4 Energy AZ LLCSeries B$25.0M$193.6M1.57×
Infinite Invention, Inc.Series B$65.4M$172.3M1.40×
Nebula Energy LLCSeries B$27.0M$171.2M1.39×
VEIR, Inc.Series B$36.7M$165.2M1.34×
Apricus Generation, Inc.Series B$27.7M$154.8M1.26×
Perch Energy, Inc.Series B$31.6M$153.2M1.24×
Advanced Ionics Inc this companySeries B$20.9M$106.2M0.86×
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$750K2020-12-01$4.2M$10.3M90%
Seed$2.9M2021-11-22$14.6M$24.2M90%
Seed$525K2023-05-11$2.6M$2.7M90%
Series A$12.2M2023-07-31$55.4M$59.9M90%
Series B$16.7M2023-07-31$92.9M$106.2M90%
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$750K2020-12-01
    • First recorded raise — entered as Pre-Seed.
    • 10 investors on this round.
  2. Seed$2.9M2021-11-22
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 23 investors on this round.
  3. Seed$525K2023-05-11
    • Raised again after 18 mo — slower than the ~12 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$12.2M2023-07-31
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 23.2× larger than the prior — scaling up.
    • 20 investors on this round.
  5. Series B$16.7M2023-07-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 25 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~8mo cadence
$22.9M
Modeled next size est.range $16.7M$36.7M
1.4×
Last step-up
$7.9M/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
William W. Murray1 other2020-12
Brett P. Olsher2023-07
Chad W. Mason2020-12
Chris P. Spears2023-07
Daniel P. Goldman2023-07
Ignacio W. Bincaz2023-07
John W. Bobrowich2020-12
Registry & provenance

Advanced Ionics 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
1832045
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
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Leavenworth Fuel, LLCOther EnergySeries B$20.0M$71.8Msame sector · same stage
EHI Group Holdings, L.P.Other EnergySeries B$19.9M$126.1Msame sector · same stage
Cig Cs2, LlcOther EnergySeries B$19.7M$79.8Msame sector · same stage
REsurety, Inc.Other EnergySeries B$19.5M$144.3Msame 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
Lsc Lithium Inc.Other EnergySeries A$29.9M87%
Advanced Water & Energy Solutions Corp.Other EnergySeries A$49.1M86%
Pure Lithium CorpOther EnergySeries B$112.8M86%
LSC Lithium CorpOther EnergySeed$28.6M86%
Atom Power, Inc.Other EnergySeries D+$1.1B85%
American Pacific Borate & Lithium LtdOther EnergySeed$26.0M85%
Casimir, Inc.Other EnergySeed$11.1M84%
Volexion, Inc.Other EnergySeed$3.8M84%
Frequently asked
How much funding has Advanced Ionics Inc raised?
Advanced Ionics Inc has raised approximately $20.9M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Advanced Ionics Inc's estimated valuation?
Provath's modeled valuation for Advanced Ionics Inc is approximately $106.2M (modeled range $39.7M–$226.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Advanced Ionics Inc at?
Advanced Ionics Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Jul 31.
What does Advanced Ionics Inc do and where is it based?
Advanced Ionics Inc operates in the Other Energy sector, based in New Berlin.
Explore related

See where Advanced Ionics Inc sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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