Companies · Other Technology

Apperian, Inc.

BOSTON · Other Technology

Diligence memoA one-page analyst read on Apperian, Inc. — recommendation, valuation, rhythm, risks.
$37.2M
Total raised · real
6
Rounds
1.0×
Latest step-up
Top 10%
Sector rank · raised
Series A
Latest stage · inferred · Fri Aug 14 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Apperian, Inc. looks over-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.

Over-valued
  • Modeled value is 2.25× the median modeled value of Series A Other Technology companies in 2013–2015 (789 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.9 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

Apperian, Inc. is one of 21292 Other Technology companies tracked from BOSTON. By capital raised it ranks among the largest (ahead of 91% 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
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$500MPre-Seed · 2009-07-09 Raised $975K (real) Modeled valuation $41M (est)$975K$41MPre-Seed2009Seed · 2009-07-31 Raised $1.4M (real) Modeled valuation $48M (est)$1.4M$48MSeed2009Seed · 2010-11-19 Raised $500K (real) Modeled valuation $17M (est)$500K$17MSeed2010Series A · 2011-03-08 Raised $9.5M (real) Modeled valuation $264M (est)$9.5M$264MSeries A2011Series A · 2012-03-07 Raised $12M (real) Modeled valuation $344M (est)$12M$344MSeries A2012Series A · 2015-08-14 Raised $12M (real) Modeled valuation $344M (est)$12M$344MSeries A2015+$1.4M+$500K+$9.5M+$12M+$12MCumulative $37M

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$975K · 2009
Seed$1.4M · 2009
Seed extension$500K · 2010
Series A$9.5M · 2011
Series A extension$12.4M · 2012
Series A extension$12.4M · 2015

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

Modeled valuation trajectory
$343.5M
Base estimate est.
$16.5M
Conservative case
$1.9B
Upside case
$56.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $41.3M · 2009-07-092009Seed · modeled $48.4M · 2009-07-31Seed · modeled $17.0M · 2010-11-19Series A · modeled $264.1M · 2011-03-08Series A · modeled $344.0M · 2012-03-07Series A · modeled $343.5M · 2015-08-142015
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
10.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$6.1M/yr
Capital velocity
17.0 yr
On record since
2009
First round
6
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) 12× above median
This company$37.2M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.1× above median
This company$12.4M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 9.2× above median
This company$343.5M
Sector median$37.3M

Raised more than 91% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #66 of 789.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Uni-Pixel · Series A Raised $19.4M · modeled $416.1M (est)Exostar Corp · Series A Raised $15.0M · modeled $416.1M (est)FoundationDB, Inc. · Series A Raised $15.0M · modeled $416.1M (est)iDevices, LLC · Series A Raised $25.7M · modeled $416.1M (est)Liaison Technologies, Inc. · Series A Raised $25.9M · modeled $416.1M (est)ikaSystems Corp · Series A Raised $27.5M · modeled $416.1M (est)Rage Frameworks, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Zafin Global Holdings Corp. · Series A Raised $15.0M · modeled $416.1M (est)Olapic, Inc. · Series A Raised $21.3M · modeled $416.1M (est)Lavu Inc · Series A Raised $15.0M · modeled $416.1M (est)Vormetric Inc · Series A Raised $15.0M · modeled $416.1M (est)BlueData Software, Inc. · Series A Raised $19.0M · modeled $416.1M (est)Apperian, Inc. (this company) Raised $37.2M · modeled $343.5M (est)Apperian, Inc.
CompanyStageRaised · realValue · estvs peer med.
Uni-PixelSeries A$19.4M$416.1M2.73×
Exostar CorpSeries A$15.0M$416.1M2.73×
FoundationDB, Inc.Series A$15.0M$416.1M2.73×
iDevices, LLCSeries A$25.7M$416.1M2.73×
Liaison Technologies, Inc.Series A$25.9M$416.1M2.73×
ikaSystems CorpSeries A$27.5M$416.1M2.73×
Rage Frameworks, Inc.Series A$15.0M$416.1M2.73×
Zafin Global Holdings Corp.Series A$15.0M$416.1M2.73×
Olapic, Inc.Series A$21.3M$416.1M2.73×
Lavu IncSeries A$15.0M$416.1M2.73×
Vormetric IncSeries A$15.0M$416.1M2.73×
BlueData Software, Inc.Series A$19.0M$416.1M2.73×
Apperian, Inc. this companySeries A$37.2M$343.5M2.25×
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$975K2009-07-09$5.4M$41.3M90%
Seed$1.4M2009-07-31$7.1M$48.4M90%
Seed$500K2010-11-19$2.5M$17.0M90%
Series A$9.5M2011-03-08$43.3M$264.1M90%
Series A$12.4M2012-03-07$56.4M$344.0M90%
Series A$12.4M2015-08-14$56.3M$343.5M90%
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$975K2009-07-09
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.4M2009-07-31
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  3. Seed$500K2010-11-19
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
  4. Series A$9.5M2011-03-08
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 19.0× larger than the prior — scaling up.
  5. Series A$12.4M2012-03-07
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
  6. Series A$12.4M2015-08-14
    • Raised again after 41 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2016 ~Q4
Modeled next raise · ~15mo cadence
$12.4M
Modeled next size est.range $12.4M$19.8M
1.0×
Last step-up
$6.1M/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
Robert Goodman12 other2012-03
Michael Skok11 other2012-03
Maia Heymann5 other2012-03
Steven Cagnetta4 other2009-07
Brian Day2 other2012-03
VINIT NIJHAWAN2 other2009-07
BARRY GOLDMAN1 other2009-07
CHARLES GOLDMAN1 other2009-07
David Patrick1 other2011-03
Jeffrey Barnett1 other2015-08
MICHAEL J. SKOK1 other2011-03
ROBERT J. GOODMAN1 other2011-03
CHUCK GOLDMAN2011-03
DAVID J. PATRICK2009-07
Jeffrey D. McCarthy2015-08
Maia D. Heymann2015-08
MAIA J. HEYMANN2009-07
PETER J. MCKAY2009-07
STEVEN J. CAGNETTA2011-03
Registry & provenance

Apperian, 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
1470523
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
Vasona Networks, Inc.Other TechnologySeries A$21.8M$332.9Mnetwork1 shared operator · same sector · same stage
Akiban Technologies Inc.Other TechnologySeries A$16.2M$268.6Mnetwork1 shared operator · same sector · same stage
Fluent Mobile, Inc.Other TechnologySeries A$16.0M$249.7Mnetwork1 shared operator · same sector · same stage
Convoke Media IncOther TechnologySeries A$14.0M$24.6Mnetwork1 shared operator · same sector · same stage
Paydiant, Inc.Other TechnologySeries B$34.8M$462.7Mnetwork1 shared operator · same sector
airwide solutions incOther TechnologySeries A$7.6M$209.7Mnetwork1 shared operator · same sector · same stage
Active Endpoints IncOther TechnologySeries A$5.0M$138.7Mnetwork1 shared operator · same sector · same stage
Senet, Inc.Other TechnologySeries A$36.8M$326.1Msame sector · same stage
Frequently asked
How much funding has Apperian, Inc. raised?
Apperian, Inc. has raised approximately $37.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Apperian, Inc.'s estimated valuation?
Provath's modeled valuation for Apperian, Inc. is approximately $343.5M (modeled range $16.5M–$1.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Apperian, Inc. at?
Apperian, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Aug 14.
What does Apperian, Inc. do and where is it based?
Apperian, Inc. operates in the Other Technology sector, based in BOSTON.
Explore related

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