Companies · Software / Tech

Aperia Technologies, Inc.

Burlingame · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Aperia Technologies, Inc. — recommendation, valuation, rhythm, risks.
$150.0M
Total raised · real
10
Rounds
2.3×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Fri Jul 29 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Aperia Technologies, 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 technology 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 1.18× the median modeled value of Series C Software / Tech companies in 2022–2024 (55 peers) — value vs value, same stage and era.
  • Within the normal band (118% of peer median) for its niche.
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 Software / Tech

Aperia Technologies, Inc. is one of 3920 Software / Tech companies tracked from Burlingame. By capital raised it ranks among the largest (ahead of 97% 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
8
Investors (latest)
2022-07-29
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$500M$1.0B$1.5B$2.0BPre-Seed · 2011-07-14 Raised $690K (real) Modeled valuation $29M (est)Pre-Seed2011Pre-Seed · 2012-04-02 Raised $700K (real) Modeled valuation $30M (est)Pre-Seed2012Series A · 2012-12-28 Raised $5.7M (real) Modeled valuation $158M (est)Series A2012Series A · 2014-06-23 Raised $6.5M (real) Modeled valuation $180M (est)Series A2014Seed · 2015-07-29 Raised $1.6M (real) Modeled valuation $54M (est)Seed2015Seed · 2015-07-29 Raised $3.1M (real) Modeled valuation $106M (est)Seed2015Series A · 2015-07-29 Raised $4.4M (real) Modeled valuation $123M (est)Series A2015Series B · 2016-09-08 Raised $16M (real) Modeled valuation $474M (est)Series B2016Series B · 2017-09-08 Raised $15M (real) Modeled valuation $457M (est)Series B2017Series A · 2017-09-08 Raised $4.6M (real) Modeled valuation $128M (est)Series A2017Series B · 2018-12-17 Raised $36M (real) Modeled valuation $1.1B (est)Series B2018Series B · 2020-03-19 Raised $20M (real) Modeled valuation $601M (est)Series B2020Series C · 2022-07-29 Raised $45M (real) Modeled valuation $756M (est)Series C2022Cumulative $159M

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$690K · 2011
Pre-Seed extension$700K · 2012
Series A$5.7M · 2012no Seed on file
Series A extension$6.5M · 2014
Bridge · Series A-stage$1.6M · 2015smaller follow-on
Bridge · Series A-stage$3.1M · 2015smaller follow-on
Series A extension$4.4M · 2015
Series B$15.6M · 2016
Series B extension$15.0M · 2017
Bridge · Series B-stage$4.6M · 2017smaller follow-on
Series B extension$36.5M · 2018
Series B extension$19.7M · 2020
Series C$45.2M · 2022

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

Modeled valuation trajectory
$756.1M
Base estimate est.
$171.1M
Conservative case
$1.5B
Upside case
$301.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $29.2M · 2011-07-142011Pre-Seed · modeled $29.7M · 2012-04-02Series A · modeled $158.2M · 2012-12-28Series A · modeled $180.3M · 2014-06-23Seed · modeled $54.3M · 2015-07-29Seed · modeled $105.5M · 2015-07-29Series A · modeled $123.1M · 2015-07-29Series B · modeled $474.4M · 2016-09-08Series B · modeled $456.6M · 2017-09-08Series A · modeled $127.6M · 2017-09-08Series B · modeled $1.1B · 2018-12-17Series B · modeled $601.3M · 2020-03-19Series C · modeled $756.1M · 2022-07-292022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/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
11 mo
Avg between rounds
$13.6M/yr
Capital velocity
15.0 yr
On record since
2011
First round
13
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) 33× above median
This company$150.0M
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$45.2M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$756.1M
Sector median$36.6M

Raised more than 97% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #23 of 55.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pinecone Systems, Inc. · Series C Raised $128.2M · modeled $1.4B (est)Hydration Labs, Inc. · Series C Raised $135.0M · modeled $1.3B (est)SiMa Technologies, Inc. · Series C Raised $167.8M · modeled $1.2B (est)Atlas Technology Solutions Inc. · Series C Raised $95.0M · modeled $1.2B (est)Pascaline Systems, Inc. · Series C Raised $106.0M · modeled $1.2B (est)Innovative Data Processing Solutions LLC · Series C Raised $60.0M · modeled $1.2B (est)Dura Software, Inc. · Series C Raised $101.1M · modeled $1.1B (est)Voyager Digital Ltd. · Series C Raised $145.4M · modeled $1.1B (est)Workstream Technologies, Inc. · Series C Raised $107.9M · modeled $1.0B (est)Parry Labs Holdings, LLC · Series C Raised $90.7M · modeled $994.2M (est)Mobix Labs, Inc · Series C Raised $100.0M · modeled $989.2M (est)Databook Labs, Inc. · Series C Raised $71.4M · modeled $968.1M (est)Aperia Technologies, Inc. (this company) Raised $150.0M · modeled $756.1M (est)Aperia Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pinecone Systems, Inc.Series C$128.2M$1.4B2.12×
Hydration Labs, Inc.Series C$135.0M$1.3B1.99×
SiMa Technologies, Inc.Series C$167.8M$1.2B1.96×
Atlas Technology Solutions Inc.Series C$95.0M$1.2B1.89×
Pascaline Systems, Inc.Series C$106.0M$1.2B1.83×
Innovative Data Processing Solutions LLCSeries C$60.0M$1.2B1.82×
Dura Software, Inc.Series C$101.1M$1.1B1.78×
Voyager Digital Ltd.Series C$145.4M$1.1B1.67×
Workstream Technologies, Inc.Series C$107.9M$1.0B1.60×
Parry Labs Holdings, LLCSeries C$90.7M$994.2M1.56×
Mobix Labs, IncSeries C$100.0M$989.2M1.55×
Databook Labs, Inc.Series C$71.4M$968.1M1.52×
Aperia Technologies, Inc. this companySeries C$150.0M$756.1M1.18×
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$690K2011-07-14$3.8M$29.2M85%
Pre-Seed$700K2012-04-02$3.9M$29.7M85%
Series A$5.7M2012-12-28$25.9M$158.2M85%
Series A$6.5M2014-06-23$29.5M$180.3M85%
Seed$1.6M2015-07-29$8.0M$54.3M85%
Seed$3.1M2015-07-29$15.5M$105.5M85%
Series A$4.4M2015-07-29$20.2M$123.1M85%
Series B$15.6M2016-09-08$86.5M$474.4M85%
Series B$15.0M2017-09-08$83.3M$456.6M90%
Series A$4.6M2017-09-08$20.9M$127.6M90%
Series B$36.5M2018-12-17$202.5M$1.1B90%
Series B$19.7M2020-03-19$109.7M$601.3M90%
Series C$45.2M2022-07-29$301.0M$756.1M90%
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. Pre-Seed$690K2011-07-14
    • First recorded raise — entered as Pre-Seed.
    • 28 investors on this round.
  2. Pre-Seed$700K2012-04-02
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  3. Series A$5.7M2012-12-28
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 8.1× larger than the prior — scaling up.
    • 28 investors on this round.
  4. Series A$6.5M2014-06-23
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 23 investors on this round.
  5. Seed$1.6M2015-07-29
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • 26 investors on this round.
  6. Seed$3.1M2015-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 39 investors on this round.
  7. Series A$4.4M2015-07-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 54 investors on this round.
  8. Series B$15.6M2016-09-08
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 59 investors on this round.
  9. Series B$15.0M2017-09-08
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 27 investors on this round.
  10. Series A$4.6M2017-09-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  11. Series B$36.5M2018-12-17
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
    • 45 investors on this round.
  12. Series B$19.7M2020-03-19
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 43 investors on this round.
  13. Series C$45.2M2022-07-29
    • Raised again after 28 mo — slower than the ~13 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 8 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~11mo cadence
$103.3M
Modeled next size est.range $67.1M$165.2M
2.3×
Last step-up
$13.6M/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
Andrew Smith13 other2011-07
Daniel Levine7 other2017-09
JACK FUCHS5 other2012-12
Brandon Richardson1 other2011-07
HAL KRUTH1 other2012-04
Kathleen Ligocki1 other2020-03
ROBERT STEFANSKI1 other2016-09
BLAIR BARLOW2020-03
JON MORRISON2020-03
Joshua Carter2011-07
Leonard LaFrance2011-07
STEPHEN GRAND2012-12
WILLIAM HOOVER2020-03
Registry & provenance

Aperia Technologies, 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
1526075
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
Virtuous Software, Inc.Software / TechSeries C$149.9M$830.4Msame sector · same stage
Nikola Labs Inc.Software / TechSeries C$149.5M$540.6Msame sector · same stage
Chrome River Technologies, Inc.Software / TechSeries C$154.4M$1.1Bsame sector · same stage
Voyager Digital Ltd.Software / TechSeries C$145.4M$1.1Bsame sector · same stage
Hometeam Technologies, Inc.Software / TechSeries C$143.1M$534.3Msame sector · same stage
Redem Tech, Inc.Software / TechSeries C$157.4M$368.7Msame sector · same stage
Clay Labs Inc.Software / TechSeries C$140.3M$700.9Msame sector · same stage
Speakeasy Labs, Inc.Software / TechSeries C$161.0M$648.9Msame 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
Apeel Technology, Inc.Software / TechSeries D+$6.1B90%
Aperio Systems, Inc.Software / TechSeries A$10.3M89%
Apeiron Labs, Inc.Software / TechSeries A$27.3M85%
Marvell Technology, Inc.Software / TechGrowth/Late$1.9B83%
Aper Global CorpOther TechnologySeries B$343.4M83%
Carmen Technologies, Inc.Software / TechPre-Seed$5.3M82%
Aperios, Inc.Other TechnologyPre-Seed$496K82%
Dashworks Technologies, Inc.Software / TechSeed$32.7M81%
Frequently asked
How much funding has Aperia Technologies, Inc. raised?
Aperia Technologies, Inc. has raised approximately $150.0M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Aperia Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Aperia Technologies, Inc. is approximately $756.1M (modeled range $171.1M–$1.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Aperia Technologies, Inc. at?
Aperia Technologies, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Jul 29.
What does Aperia Technologies, Inc. do and where is it based?
Aperia Technologies, Inc. operates in the Software / Tech sector, based in Burlingame.
Explore related

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