Companies · Other

Ares Acquisition Corp II

MOUNTAIN VIEW · Other

Diligence memoA one-page analyst read on Ares Acquisition Corp II — recommendation, valuation, rhythm, risks.
$205.5M
Total raised · real
3
Rounds
0.0×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Dec 31 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Ares Acquisition Corp II looks under-valued against its niche peers and is active on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

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 0.00× the median modeled value of Series D+ Other companies in 2025–2027 (50 peers) — value vs value, same stage and era.
Active
  • Last raise 6 mo ago; this sector typically re-raises about every 11 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Ares Acquisition Corp II is one of 25015 Other companies tracked from MOUNTAIN VIEW. By capital raised it ranks among the largest (ahead of 98% 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
Rule 506(b)
Reg D exemption
1
Investors (latest)
2021
Year incorporated
2025-12-31
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$500M$1.0B$1.5B$2.0BSeries C · 2025-04-14 Raised $60M (real) Modeled valuation $397M (est)$60M$397MSeries C2025Series D+ · 2025-09-15 Raised $145M (real) Modeled valuation $1.2B (est)$145M$1.2BSeries D+2025Series D+ · 2025-12-31 Raised $499K (real) Modeled valuation $3.8M (est)$499K$3.8MSeries D+2025+$145M+$499KCumulative $205M

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
Series C$60.0M · 2025
Series D+$145.0M · 2025
Series D+ extension$499K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$3.8M
Base estimate est.
$2.8M
Conservative case
$4.5M
Upside case
$4.2M
Modeled post-money

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. Directional, not a quoted figure.

Series C · modeled $397.3M · 2025-04-142025Series D+ · modeled $1.2B · 2025-09-15Series D+ · modeled $3.8M · 2025-12-312025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
0.5 yr
Elapsed time used
0.5 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$287.6M/yr
Capital velocity
1.2 yr
On record since
2025
First round
3
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 100× above median
This company$205.5M
Sector median$2.0M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$499K
Sector median$125.1M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.8M
Sector median$17.7M

Raised more than 98% of sector peers (real $). Modeled value above 21% of peers (estimate).

Niche peers — same stage & era

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. This company ranks #45 of 50.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)AP Adhesives Acquisitions, Inc. · Series D+ Raised $369.6M · modeled $3.1B (est)INNOVATE Corp. · Series D+ Raised $411.5M · modeled $2.9B (est)Curaleaf Holdings, Inc. · Series D+ Raised $691.1M · modeled $2.6B (est)Phantom Parent, LP · Series D+ Raised $585.5M · modeled $2.5B (est)Impulse Space, Inc. · Series D+ Raised $353.3M · modeled $2.5B (est)Brera Holdings PLC · Series D+ Raised $303.3M · modeled $2.4B (est)Skims Body, Inc. · Series D+ Raised $623.6M · modeled $2.0B (est)Econic Professionals US LLC · Series D+ Raised $217.8M · modeled $1.9B (est)Capital Rx, Inc. · Series D+ Raised $499.6M · modeled $1.9B (est)Casago Holdings, LLC · Series D+ Raised $220.1M · modeled $1.9B (est)DraftKings Inc. · Series D+ Raised $1.1B · modeled $1.8B (est)Koch, Inc. · Series D+ Raised $408.4M · modeled $1.7B (est)Ares Acquisition Corp II (this company) Raised $205.5M · modeled $3.8M (est)Ares Acquisition Corp II
CompanyStageRaised · realValue · estvs peer med.
AP Adhesives Acquisitions, Inc.Series D+$369.6M$3.1B3.30×
INNOVATE Corp.Series D+$411.5M$2.9B3.08×
Curaleaf Holdings, Inc.Series D+$691.1M$2.6B2.72×
Phantom Parent, LPSeries D+$585.5M$2.5B2.68×
Impulse Space, Inc.Series D+$353.3M$2.5B2.60×
Brera Holdings PLCSeries D+$303.3M$2.4B2.51×
Skims Body, Inc.Series D+$623.6M$2.0B2.15×
Econic Professionals US LLCSeries D+$217.8M$1.9B1.97×
Capital Rx, Inc.Series D+$499.6M$1.9B1.96×
Casago Holdings, LLCSeries D+$220.1M$1.9B1.95×
DraftKings Inc.Series D+$1.1B$1.8B1.89×
Koch, Inc.Series D+$408.4M$1.7B1.76×
Ares Acquisition Corp II this companySeries D+$205.5M$3.8M0.00×
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.
Series C$60.0M2025-04-14$400.0M$397.3M90%
Series D+$145.0M2025-09-15$1.2B$1.2B90%
Series D+$499K2025-12-31$4.2M$3.8M90%
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. Series C$60.0M2025-04-14
    • First recorded raise — entered as Series C.
    • 3 investors on this round.
  2. Series D+$145.0M2025-09-15
    • Came back fast: 5 mo vs the ~11 mo sector norm.
    • Round 2.4× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series D+$499K2025-12-31
    • Came back fast: 4 mo vs the ~11 mo sector norm.
    • Round 290.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~4mo cadence
$499K
Modeled next size est.range $499K$798K
0.0×
Last step-up
$287.6M/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
SCOTT TOBIN9 other2025-12
James Reed2 other2025-12
Kenneth Goldman2 other2025-12
Allyson Satin1 other2025-04
David B. Kaplan1 other2025-04
Surajit Datta1 other2025-12
Andreas Wendel2025-12
Brad J Coleman2025-04
David G. Hirz2025-04
Donald Burnette2025-12
Felicia G. Thornton2025-04
Jarrod J Phillips2025-04
Jordan Coleman2025-12
Kristin Sverchek2025-12
Michael J Arougheti2025-04
Michael Wiesinger2025-12
Mohamed Elshenawy2025-12
Peter J Ogilvie2025-04
Zsuzsanna Major2025-12
Registry & provenance

Ares Acquisition Corp II 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
1853138
SEC CIK
2021
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
Stream Global Services, Inc.Other TechnologySeries D+$185.1M$5.9Bnetwork1 shared operator · same stage
Zerto, Ltd.Other TechnologySeries C$103.2M$1.0Bnetwork2 shared operators
Code Ocean, Inc.OtherSeries B$35.6M$179.2Mnetwork1 shared operator · same sector
Number Holdings, Inc.RetailingSeries D+$406.6M$1.2Bnetwork1 shared operator · same stage
Tennis Channel Holdings IncOtherSeries A$5.0M$76.4Mnetwork1 shared operator · same sector
Trading Machines Holdings LlcOtherSeed$3.5M$65.1Mnetwork1 shared operator · same sector
Touchjet USA, Inc.OtherSeed$1.6M$5.6Mnetwork1 shared operator · same sector
VTX Holdings, LLCOtherSeries C$110.3M$3.8Msame sector
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
Ares Technologies, Inc.Software / TechPre-Seed$12.7M80%
EagleCorps Inc.OtherSeed$13.0M80%
Essintial Acquisition Group, LLCOtherSeed$22.3M80%
Ares Strategic Mining Inc.Mining & ResourcesSeed$1.4M80%
Csac Acquisition Inc.OtherSeries D+$2.2B79%
Eighth Icon Holdings, Inc.OtherPre-Seed$1.4M79%
Icon Aircraft IncOtherSeries B$332.3M79%
SCA Acquisition Holdings, LLCOtherSeries B$460.8M79%
Frequently asked
How much funding has Ares Acquisition Corp II raised?
Ares Acquisition Corp II has raised approximately $205.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ares Acquisition Corp II's estimated valuation?
Provath's modeled valuation for Ares Acquisition Corp II is approximately $3.8M (modeled range $2.8M–$4.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ares Acquisition Corp II at?
Ares Acquisition Corp II's latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Dec 31.
What does Ares Acquisition Corp II do and where is it based?
Ares Acquisition Corp II operates in the Other sector, based in MOUNTAIN VIEW.
Explore related

See where Ares Acquisition Corp II sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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