Companies · Software / Tech

Appellate Technologies, Inc.

SEVERNA PARK · Software / Tech · refined from filed group “Other Technology”

Diligence memoA one-page analyst read on Appellate Technologies, Inc. — recommendation, valuation, rhythm, risks.→
$500K
Total raised · real
1
Rounds
—
Latest step-up
Top 84%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Feb 27 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Appellate Technologies, Inc. looks over-valued against its niche peers and is quiet 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.

Over-valued
  • Modeled value is 1.73× the median modeled value of Pre-Seed Software / Tech companies in 2025–2027 (105 peers) — value vs value, same stage and era.
  • Issuer reports no revenue, yet is modeled well above niche peers.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Software / Tech

Appellate Technologies, Inc. is one of 3920 Software / Tech companies tracked from SEVERNA PARK. By capital raised it ranks in the long tail (ahead of 17% of sector peers), and in the long tail 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
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
2023
Year incorporated
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$500K$1.0M$1.5M$2.0MPre-Seed · 2025-02-27 Raised $500K (real) Modeled valuation $1.7M (est)$500K$1.7MPre-Seed2025

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$500K · 2025

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

Modeled valuation trajectory
$1.7M
Base estimate est.
$327K
Conservative case
$4.7M
Upside case
$2.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seed — a round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
1.6 yr
On record since
2025
First round
1
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)▼ 0.1× of median
This company$500K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage)▲ 1.4× above median
This company$500K
Sector median$350K
Modeled value — vs sector median (estimate, all stages)▼ 0.0× of median
This company$1.7M
Sector median$36.6M

Raised more than 17% of sector peers (real $). Modeled value above 7% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #24 of 105.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)1486 Labs LLC · Pre-Seed Raised $1.6M · modeled $3.7M (est)Imagen Digital Dentistry Support Services, LLC · Pre-Seed Raised $954K · modeled $3.1M (est)Quarion Technology Inc. · Pre-Seed Raised $923K · modeled $3.0M (est)3rd-i Technology, Inc. · Pre-Seed Raised $830K · modeled $2.7M (est)Simulacra Data, Inc. · Pre-Seed Raised $750K · modeled $2.7M (est)ForwardX Technology Inc. · Pre-Seed Raised $1000K · modeled $2.6M (est)OLI Technologies, Inc. · Pre-Seed Raised $700K · modeled $2.4M (est)OSN Technologies Corp. · Pre-Seed Raised $1.7M · modeled $2.4M (est)Collage Labs Inc. · Pre-Seed Raised $970K · modeled $2.3M (est)Obelisk Tech Systems Inc. · Pre-Seed Raised $1.0M · modeled $2.2M (est)Green House Data Holding Company, LLC · Pre-Seed Raised $650K · modeled $2.2M (est)Nessa Labs, Inc. · Pre-Seed Raised $750K · modeled $2.2M (est)Appellate Technologies, Inc. (this company) Raised $500K · modeled $1.7M (est)Appellate Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
1486 Labs LLCPre-Seed$1.6M$3.7M3.73×
Imagen Digital Dentistry Support Services, LLCPre-Seed$954K$3.1M3.16×
Quarion Technology Inc.Pre-Seed$923K$3.0M3.06×
3rd-i Technology, Inc.Pre-Seed$830K$2.7M2.74×
Simulacra Data, Inc.Pre-Seed$750K$2.7M2.71×
ForwardX Technology Inc.Pre-Seed$1000K$2.6M2.61×
OLI Technologies, Inc.Pre-Seed$700K$2.4M2.49×
OSN Technologies Corp.Pre-Seed$1.7M$2.4M2.45×
Collage Labs Inc.Pre-Seed$970K$2.3M2.38×
Obelisk Tech Systems Inc.Pre-Seed$1.0M$2.2M2.27×
Green House Data Holding Company, LLCPre-Seed$650K$2.2M2.26×
Nessa Labs, Inc.Pre-Seed$750K$2.2M2.24×
Appellate Technologies, Inc. this companyPre-Seed$500K$1.7M1.73×
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$500K2025-02-27$2.8M$1.7M90%
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$500K2025-02-27
    • First recorded raise — entered as Pre-Seed.
Intelligence
—
Modeled next raise
$800K
Modeled next size est.range $520K–$1.3M
—
Last step-up
—
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
Michael Mahon—2 other2025-02
Robert McKeeman——2025-02
Registry & provenance

Appellate 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
2058147
SEC CIK
2023
Incorporated
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
Bahari Analytics, Inc.Software / TechPre-Seed$500K$1.3Msame sector · same stage
Buildable App Corp.Software / TechPre-Seed$500K$1.6Msame sector · same stage
CHN Analytics, LLCSoftware / TechPre-Seed$500K$1.5Msame sector · same stage
Cloud Guidant IncSoftware / TechPre-Seed$500K$1.1Msame sector · same stage
CouchLabs Technologies Inc.Software / TechPre-Seed$500K$1.1Msame sector · same stage
Crush Software Solutions, LLCSoftware / TechPre-Seed$500K$957Ksame sector · same stage
Encore Venture Labs Holdco LLCSoftware / TechPre-Seed$500K$2.3Msame sector · same stage
Joinable Labs IncSoftware / TechPre-Seed$500K$1.8Msame 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
Decision Technologies CorpSoftware / TechSeed$105.5M82%
Advocate Technologies Inc.Software / TechSeries A$89.1M81%
Decide Software, Inc.Software / TechPre-Seed$21.2M80%
OneCourt Technologies, Inc.Software / TechPre-Seed$2.2M80%
Reflexion Interactive Technologies, Inc.Software / TechPre-Seed$3.5M80%
DACRA Adjudication Systems, LLCSoftware / TechSeed$51.1M80%
Regs Technology INC.Software / TechSeed$17.0M80%
Decisions, LLCOther TechnologySeries B$1.2B80%
Frequently asked
How much funding has Appellate Technologies, Inc. raised?
Appellate Technologies, Inc. has raised approximately $500K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Appellate Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Appellate Technologies, Inc. is approximately $1.7M (modeled range $327K–$4.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Appellate Technologies, Inc. at?
Appellate Technologies, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Feb 27.
What does Appellate Technologies, Inc. do and where is it based?
Appellate Technologies, Inc. operates in the Software / Tech sector, based in SEVERNA PARK.
Explore related

See where Appellate Technologies, 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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