Companies · Computers

Armor Defense Inc.

RICHARDSON · Computers

Diligence memoA one-page analyst read on Armor Defense Inc. — recommendation, valuation, rhythm, risks.
$139.7M
Total raised · real
7
Rounds
3.6×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Wed Mar 29 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Armor Defense 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 software/compute 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 1.62× the median modeled value of Series C Computers companies in 2016–2018 (6 peers) — value vs value, same stage and era.
Dormant
  • Last raise 9.3 yr ago; this sector typically re-raises about every 12 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 Computers

Armor Defense Inc. is one of 1370 Computers companies tracked from RICHARDSON. By capital raised it ranks among the largest (ahead of 98% 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.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2017-03-29
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$1.3B$2.5B$3.8B$5.0BPre-Seed · 2010-01-15 Raised $800K (real) Modeled valuation $41M (est)Pre-Seed2010Seed · 2011-04-29 Raised $1.1M (real) Modeled valuation $43M (est)Seed2011Series A · 2011-09-07 Raised $7.5M (real) Modeled valuation $249M (est)Series A2011Series A · 2012-08-08 Raised $7.5M (real) Modeled valuation $249M (est)Series A2012Series A · 2013-05-31 Raised $9.0M (real) Modeled valuation $299M (est)Series A2013Series B · 2014-04-14 Raised $25M (real) Modeled valuation $912M (est)Series B2014Series C · 2017-03-29 Raised $89M (real) Modeled valuation $3.3B (est)Series C2017+$1.1M+$7.5M+$7.5M+$9.0M+$25M+$89MCumulative $140M

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$800K · 2010
Seed$1.1M · 2011
Series A$7.5M · 2011
Series A extension$7.5M · 2012
Series A extension$9.0M · 2013
Series B$25.0M · 2014
Series C$88.9M · 2017

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

Modeled valuation trajectory
$3.3B
Base estimate est.
$343.7M
Conservative case
$8.8B
Upside case
$592.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $40.6M · 2010-01-152010Seed · modeled $43.2M · 2011-04-29Series A · modeled $249.1M · 2011-09-07Series A · modeled $249.1M · 2012-08-08Series A · modeled $299.0M · 2013-05-31Series B · modeled $911.7M · 2014-04-14Series C · modeled $3.3B · 2017-03-292017
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.39×/yr
Annual markup
1.60×/yr upside case
6.0 yr
Elapsed time used
9.3 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$19.4M/yr
Capital velocity
16.5 yr
On record since
2010
First round
7
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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) 74× above median
This company$139.7M
Sector median$1.9M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.7× above median
This company$88.9M
Sector median$52.5M
Modeled value — vs sector median (estimate, all stages) 101× above median
This company$3.3B
Sector median$33.0M

Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #2 of 6.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Perforce Holdings, Inc. · Series C Raised $97.4M · modeled $3.7B (est)Osterhout Group, Inc. · Series C Raised $57.5M · modeled $2.2B (est)Groq, Inc. · Series C Raised $62.6M · modeled $2.0B (est)InstaCraft Inc. · Series C Raised $45.0M · modeled $1.7B (est)xAD Inc. · Series C Raised $118.8M · modeled $677.4M (est)Armor Defense Inc. (this company) Raised $139.7M · modeled $3.3B (est)Armor Defense Inc.
CompanyStageRaised · realValue · estvs peer med.
Perforce Holdings, Inc.Series C$97.4M$3.7B1.77×
Armor Defense Inc. this companySeries C$139.7M$3.3B1.62×
Osterhout Group, Inc.Series C$57.5M$2.2B1.05×
Groq, Inc.Series C$62.6M$2.0B0.95×
InstaCraft Inc.Series C$45.0M$1.7B0.82×
xAD Inc.Series C$118.8M$677.4M0.33×
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$800K2010-01-15$4.4M$40.6M85%
Seed$1.1M2011-04-29$5.3M$43.2M85%
Series A$7.5M2011-09-07$34.1M$249.1M85%
Series A$7.5M2012-08-08$34.1M$249.1M85%
Series A$9.0M2013-05-31$40.9M$299.0M85%
Series B$25.0M2014-04-14$138.9M$911.7M85%
Series C$88.9M2017-03-29$592.6M$3.3B90%
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$800K2010-01-15
    • First recorded raise — entered as Pre-Seed.
    • 8 investors on this round.
  2. Seed$1.1M2011-04-29
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • 10 investors on this round.
  3. Series A$7.5M2011-09-07
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round 7.1× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series A$7.5M2012-08-08
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  5. Series A$9.0M2013-05-31
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  6. Series B$25.0M2014-04-14
    • Raised 10 mo later, in step with the ~12 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  7. Series C$88.9M2017-03-29
    • Raised again after 35 mo — slower than the ~12 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2018 ~Q2
Modeled next raise · ~14mo cadence
$266.7M
Modeled next size est.range $173.3M$426.6M
3.6×
Last step-up
$19.4M/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
Patrick M. Sullivan3 other2011-04
Ray M. Croghan2 other2011-04
Aaron Clark1 other2014-04
Chris Drake1 other2010-01
Bruce MacFadyen2014-04
Bruce M. MacFadyen2012-08
James Lewandowski2014-04
Jared Day2014-04
Katrena Drake2010-01
NOAH KNIPPA2017-03
Robert Covington2014-04
Robert M. Covington2012-08
TOM HEDRICK2017-03
Registry & provenance

Armor Defense 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
1481353
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
Red Canary, Inc.ComputersSeries C$139.8M$95.9Msame sector · same stage
Code 42 Software, Inc.ComputersSeries C$138.1M$3.2Bsame sector · same stage
ScienceLogic, Inc.ComputersSeries C$161.7M$377.0Msame sector · same stage
ReversingLabs, Inc.ComputersSeries C$120.1M$412.8Msame sector · same stage
xAD Inc.ComputersSeries C$118.8M$677.4Msame sector · same stage
Stretch IncComputersSeries C$115.1M$190.7Msame sector · same stage
Openpeak IncComputersSeries C$180.5M$660.5Msame sector · same stage
Skykick, Inc.ComputersSeries C$106.5M$1.8Bsame 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
Guard Dog Solutions, Inc.ComputersPre-Seed$6.7M83%
Armored Things Inc.Other TechnologySeries A$215.7M81%
XO Armor Technologies, Inc.Software / TechSeed$8.2M81%
Assured Information Security, Inc.ComputersPre-Seed$17.9M81%
Secure Industries, Inc.ComputersPre-Seed$12.8M81%
Engrain Technology Inc.ComputersSeries A$20.0M80%
Chariot Defense, Inc.DefenseSeries B$148.7M80%
Fleet Defender, inc.Other TechnologySeed$1.1M80%
Frequently asked
How much funding has Armor Defense Inc. raised?
Armor Defense Inc. has raised approximately $139.7M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Armor Defense Inc.'s estimated valuation?
Provath's modeled valuation for Armor Defense Inc. is approximately $3.3B (modeled range $343.7M–$8.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Armor Defense Inc. at?
Armor Defense Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Mar 29.
What does Armor Defense Inc. do and where is it based?
Armor Defense Inc. operates in the Computers sector, based in RICHARDSON.
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