Companies · Other Technology

Apixio Inc.

SAN MATEO · Other Technology

Diligence memoA one-page analyst read on Apixio Inc. — recommendation, valuation, rhythm, risks.
$46.7M
Total raised · real
8
Rounds
0.3×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jul 31 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Apixio 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 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 0.26× the median modeled value of Series B Other Technology companies in 2016–2018 (314 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.9 yr ago; this sector typically re-raises about every 13 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 Other Technology

Apixio Inc. is one of 21292 Other Technology companies tracked from SAN MATEO. By capital raised it ranks among the largest (ahead of 92% 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
17
Investors (latest)
2018-07-31
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$250M$500M$750M$1.0BPre-Seed · 2009-12-21 Raised $501K (real) Modeled valuation $21M (est)Pre-Seed2009Seed · 2010-07-09 Raised $2.8M (real) Modeled valuation $95M (est)Seed2010Seed · 2010-07-09 Raised $1.5M (real) Modeled valuation $51M (est)Seed2010Series A · 2012-08-03 Raised $5.8M (real) Modeled valuation $161M (est)Series A2012Series A · 2013-11-04 Raised $2.5M (real) Modeled valuation $69M (est)Series A2013Series A · 2014-02-13 Raised $980K (real) Modeled valuation $27M (est)Series A2014Series A · 2014-04-02 Raised $11M (real) Modeled valuation $310M (est)Series A2014Series B · 2016-05-06 Raised $19M (real) Modeled valuation $586M (est)Series B2016Series B · 2018-07-31 Raised $5.0M (real) Modeled valuation $152M (est)Series B2018+$2.8M+$1.5M+$5.8M+$2.5M+$980K+$11M+$19M+$5.0MCumulative $49M

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$501K · 2009
Seed$2.8M · 2010
Seed extension$1.5M · 2010
Series A$5.8M · 2012
Series A extension$2.5M · 2013
Series A extension$980K · 2014
Series A extension$11.2M · 2014
Series B$19.3M · 2016
Series B extension$5.0M · 2018

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

Modeled valuation trajectory
$152.3M
Base estimate est.
$12.3M
Conservative case
$586.0M
Upside case
$27.8M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $21.2M · 2009-12-212009Seed · modeled $94.9M · 2010-07-09Seed · modeled $51.1M · 2010-07-09Series A · modeled $160.7M · 2012-08-03Series A · modeled $69.4M · 2013-11-04Series A · modeled $27.2M · 2014-02-13Series A · modeled $309.9M · 2014-04-02Series B · modeled $586.3M · 2016-05-06Series B · modeled $152.3M · 2018-07-312018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
7.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$5.4M/yr
Capital velocity
16.5 yr
On record since
2009
First round
9
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) 15× above median
This company$46.7M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$5.0M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 4.1× above median
This company$152.3M
Sector median$37.3M

Raised more than 92% of sector peers (real $). Modeled value above 80% 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 #273 of 314.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pymetrics, Inc. · Series B Raised $46.6M · modeled $1.2B (est)Universal Recognition Token, Inc. · Series B Raised $40.0M · modeled $1.2B (est)Certified Inc. · Series B Raised $40.0M · modeled $1.2B (est)Anomali Inc · Series B Raised $40.0M · modeled $1.2B (est)Docutech Transfer, LLC · Series B Raised $39.9M · modeled $1.2B (est)Plaid Technologies, Inc. · Series B Raised $39.8M · modeled $1.2B (est)360fly, Inc. · Series B Raised $69.9M · modeled $1.2B (est)LogRhythm, Inc. · Series B Raised $111.3M · modeled $1.2B (est)Humu, Inc. · Series B Raised $49.5M · modeled $1.2B (est)GuiaBolso (Cayman), Ltd. · Series B Raised $58.0M · modeled $1.2B (est)Spin Memory, Inc. · Series B Raised $38.5M · modeled $1.2B (est)Wavefront, Inc. · Series B Raised $37.6M · modeled $1.1B (est)Apixio Inc. (this company) Raised $46.7M · modeled $152.3M (est)Apixio Inc.
CompanyStageRaised · realValue · estvs peer med.
Pymetrics, Inc.Series B$46.6M$1.2B2.07×
Universal Recognition Token, Inc.Series B$40.0M$1.2B2.07×
Certified Inc.Series B$40.0M$1.2B2.07×
Anomali IncSeries B$40.0M$1.2B2.07×
Docutech Transfer, LLCSeries B$39.9M$1.2B2.07×
Plaid Technologies, Inc.Series B$39.8M$1.2B2.06×
360fly, Inc.Series B$69.9M$1.2B2.05×
LogRhythm, Inc.Series B$111.3M$1.2B2.05×
Humu, Inc.Series B$49.5M$1.2B2.02×
GuiaBolso (Cayman), Ltd.Series B$58.0M$1.2B2.01×
Spin Memory, Inc.Series B$38.5M$1.2B2.00×
Wavefront, Inc.Series B$37.6M$1.1B1.95×
Apixio Inc. this companySeries B$46.7M$152.3M0.26×
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$501K2009-12-21$2.8M$21.2M85%
Seed$2.8M2010-07-09$13.9M$94.9M85%
Seed$1.5M2010-07-09$7.5M$51.1M85%
Series A$5.8M2012-08-03$26.3M$160.7M85%
Series A$2.5M2013-11-04$11.4M$69.4M85%
Series A$980K2014-02-13$4.5M$27.2M85%
Series A$11.2M2014-04-02$50.8M$309.9M85%
Series B$19.3M2016-05-06$107.0M$586.3M85%
Series B$5.0M2018-07-31$27.8M$152.3M90%
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$501K2009-12-21
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Seed$2.8M2010-07-09
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 5.6× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Seed$1.5M2010-07-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  4. Series A$5.8M2012-08-03
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
    • 10 investors on this round.
  5. Series A$2.5M2013-11-04
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 21 investors on this round.
  6. Series A$980K2014-02-13
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 2.6× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  7. Series A$11.2M2014-04-02
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 11.4× larger than the prior — scaling up.
    • 7 investors on this round.
  8. Series B$19.3M2016-05-06
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 12 investors on this round.
  9. Series B$5.0M2018-07-31
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
    • 17 investors on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~13mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
0.3×
Last step-up
$5.4M/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
Jared Kesselheim6 other2013-11
James Bradley5 other2018-07
ERIC SHUEY3 other2018-07
Casey West2 other2016-05
Shahin Hedayat2 other2009-12
Farzad Nazem1 other2013-11
Petro Estakhri1 other2010-07
Darren Schulte2013-11
Farzad Shawn Nazem2010-07
Imran Chaudhri2009-12
Imran Chaudri2013-11
Jeff Harmon2013-11
Joel Portice2016-05
Sachin Patel2018-07
Shahram Dastmalchi2013-11
Shahram Shawn Dastmalchi2010-07
Registry & provenance

Apixio 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
1479676
SEC CIK
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Frequently asked
How much funding has Apixio Inc. raised?
Apixio Inc. has raised approximately $46.7M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Apixio Inc.'s estimated valuation?
Provath's modeled valuation for Apixio Inc. is approximately $152.3M (modeled range $12.3M–$586.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Apixio Inc. at?
Apixio Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jul 31.
What does Apixio Inc. do and where is it based?
Apixio Inc. operates in the Other Technology sector, based in SAN MATEO.
Explore related

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