Companies · Crypto / Web3
DALLAS · Crypto / Web3 · refined from filed group “Other”
Diligence memoA one-page analyst read on Applied Blockchain, Inc. — recommendation, valuation, rhythm, risks.→Applied Blockchain, Inc. has raised $211M over 6 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
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.
Applied Blockchain, Inc. is one of 196 Crypto / Web3 companies tracked from DALLAS. By capital raised it ranks among the largest (ahead of 96% 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.
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.
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.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the crypto/web3 sector profile. Directional, not a quoted figure.
Benchmarked against 196 companies in Crypto / Web3. 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.
Raised more than 96% of sector peers (real $). Modeled value above 95% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Applied Blockchain, Inc. this company | Series D+ | $210.6M | $1.6B | 2.47× |
| Blockdaemon Inc. | Series D+ | $412.4M | $666.2M | 1.00× |
| Dapper Labs Inc. | Series D+ | $668.4M | $106.6M | 0.16× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $2.6M | 2009-01-14 | $13.3M | $109.0M | 85% |
| Seed | $635K | 2009-09-22 | $3.2M | $26.1M | 85% |
| Seed | $387K | 2011-01-03 | $1.9M | $15.9M | 85% |
| Seed | $580K | 2011-08-21 | $2.9M | $23.9M | 85% |
| Series B | $16.5M | 2021-04-15 | $91.7M | $438.2M | 90% |
| Series B | $32.5M | 2021-07-30 | $180.6M | $765.7M | 90% |
| Series D+ | $160.0M | 2024-09-05 | $1.3B | $1.6B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Richard Nottenburg | — | 4 other | 2021-07 |
| Douglas Miller | — | 2 other | 2021-04 |
| Jason Zhang | — | 2 other | 2021-04 |
| David Rench | — | 1 other | 2021-04 |
| James Schwartz | — | 1 other | 2009-01 |
| Kenneth S. Wood | — | 1 other | 2009-01 |
| Rachel Lee | — | 1 other | 2024-09 |
| Wesley Cummins | — | 1 other | 2021-04 |
| Chuck Hastings | — | — | 2021-04 |
| David S. Shulkin | — | — | 2011-01 |
| Ella Benson | — | — | 2024-09 |
| James S. Schwartz | — | — | 2009-09 |
| Joseph S. Luca | — | — | 2011-01 |
| Kate Reed | — | — | 2024-09 |
| Kelli McDonald | — | — | 2021-04 |
| Regina Ingel | — | — | 2021-07 |
| Richard S. Rosenfeld | — | — | 2009-01 |
| Virginia Moore | — | — | 2021-04 |
| Wes Cummins | — | — | 2024-09 |
| Wesley S. Cummins | — | — | 2009-09 |
Applied Blockchain, 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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Mercury Technologies, Inc. | Software / Tech | Series D+ | $221.3M | $1.9B | network1 shared operator · same stage |
| ArriVent Biopharma, Inc. | Biotechnology | Series D+ | $260.0M | $2.0B | network1 shared operator · same stage |
| Blockdaemon Inc. | Crypto / Web3 | Series D+ | $412.4M | $666.2M | same sector · same stage |
| Dapper Labs Inc. | Crypto / Web3 | Series D+ | $668.4M | $106.6M | same sector · same stage |
| Bluefin Topco, Llc | Crypto / Web3 | Series D+ | $700.0M | $14.7B | same sector · same stage |
| Payward, Inc. | Crypto / Web3 | Series D+ | $703.3M | $1.8B | same sector · same stage |
| Verint Systems Inc | Software / Tech | Series D+ | $400.0M | $5.2B | network1 shared operator · same stage |
| Sequans Communications | Other Technology | Series B | $20.0M | $229.4M | network2 shared operators |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Blockchain Technologies, Inc. | Crypto / Web3 | Seed | $41.5M | 92% |
| Graph Blockchain Inc | Crypto / Web3 | Seed | $122.4M | 89% |
| Custom Blockchain Solutions, Inc. | Crypto / Web3 | Pre-Seed | $12.8M | 89% |
| Blockchain Foundry Inc. | Crypto / Web3 | Series A | $194.0M | 88% |
| 360 Blockchain Inc. | Crypto / Web3 | Pre-Seed | $12.5M | 88% |
| Millennium Blockchain, Inc. | Crypto / Web3 | Series A | $167.5M | 88% |
| Cambridge Blockchain, Inc. | Crypto / Web3 | Series A | $251.3M | 88% |
| Loop Crypto, Inc. | Crypto / Web3 | Series A | $61.2M | 88% |
See where Applied Blockchain, 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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