Companies · Computers

Ashby, Inc.Winter 2019Active

SAN FRANCISCO · CA, USA; Remote · Computers · founded 2022 · https://www.ashbyhq.com

Diligence memoA one-page analyst read on Ashby, Inc. — recommendation, valuation, rhythm, risks.
$58.0M
Total raised · real
3
Rounds
15.0×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Fri May 17 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ashby, Inc. looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 1.14× the median modeled value of Series B Computers companies in 2022–2024 (11 peers) — value vs value, same stage and era.
  • Within the normal band (114% of peer median) for its niche.
At-risk
  • Last raise 2.1 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Ashby, Inc. is one of 1370 Computers companies tracked from SAN FRANCISCO, CA, USA; Remote, on record since 2022. By capital raised it ranks among the largest (ahead of 95% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

All-in-one recruiting platform that empowers hiring excellence in…

At Ashby, we're improving the productivity of working professionals with intelligent and powerful software. We put a lot of effort into designing products that are approachable to beginners but mastered & extended by power users. In many ways, spreadsheets set the bar here. Our first products provide talent teams with clever automation, powerful analytics tools, and customizable workflows packaged in great UX. We have many paying customers who love us and use us every day like Opendoor, Airtable, Duolingo, and Notion. Notion's Head of Talent said Ashby is "probably the tool we are in the most and rely on the most, as a recruiting team." Our culture is motivated by Abhik's (my co-founder and Head of Engineering) and my belief that a small talented team, given the right environment, can build a great product and service fast (and work regular hours!). We hire exceptional, kind, thoughtful people and provide an environment where we can be happy, feel challenged, and do our best work. We are well funded and backed by great investors, including Y Combinator, Elad Gil, and Lachy Groom. We'll share more once we meet!

B2BHuman ResourcesRecruitinghr/worktech
Find Ashby, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2024-05-17
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$250M$500M$750M$1.0BSeries B · 2022-02-07 Raised $25M (real) Modeled valuation $488M (est)$25M$488MSeries B2022Series B · 2022-02-07 Raised $26M (real) Modeled valuation $518M (est)$26M$518MSeries B2022Series B · 2023-01-05 Raised $2.0M (real) Modeled valuation $28M (est)$2.0M$28MSeries B2023Series B · 2024-05-17 Raised $30M (real) Modeled valuation $253M (est)$30M$253MSeries B2024+$26M+$2.0M+$30MCumulative $83M

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 B$24.5M · 2022
Series B extension$26.0M · 2022
Series B extension$2.0M · 2023
Series B extension$30.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$252.7M
Base estimate est.
$75.0M
Conservative case
$462.9M
Upside case
$166.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Series B · modeled $487.7M · 2022-02-072022Series B · modeled $517.6M · 2022-02-07Series B · modeled $28.2M · 2023-01-05Series B · modeled $252.7M · 2024-05-172024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.46×/yr
Annual markup
1.77×/yr upside case
2.1 yr
Elapsed time used
2.1 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$25.5M/yr
Capital velocity
4.4 yr
On record since
2022
First round
4
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) 31× above median
This company$58.0M
Sector median$1.9M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.5× above median
This company$30.0M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 7.7× above median
This company$252.7M
Sector median$33.0M

Raised more than 95% of sector peers (real $). Modeled value above 88% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #5 of 11.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Gauntlet Networks, Inc. · Series B Raised $44.7M · modeled $467.6M (est)Catalyst Software Corp · Series B Raised $24.3M · modeled $401.9M (est)Manifold Technologies Ltd. · Series B Raised $33.3M · modeled $315.1M (est)aPriori Technologies Inc · Series B Raised $116.5M · modeled $299.5M (est)DynamoFL, Inc. · Series B Raised $19.3M · modeled $222.1M (est)SJ Medconnect, Inc. · Series B Raised $38.7M · modeled $221.4M (est)Codegen, Inc. · Series B Raised $16.2M · modeled $187.5M (est)Cornelis Networks, Inc. · Series B Raised $134.1M · modeled $138.1M (est)CommuniCare Technology, Inc. · Series B Raised $46.6M · modeled $94.5M (est)Metadata, Inc. · Series B Raised $48.8M · modeled $50.4M (est)Ashby, Inc. (this company) Raised $58.0M · modeled $252.7M (est)Ashby, Inc.
CompanyStageRaised · realValue · estvs peer med.
Gauntlet Networks, Inc.Series B$44.7M$467.6M2.11×
Catalyst Software CorpSeries B$24.3M$401.9M1.81×
Manifold Technologies Ltd.Series B$33.3M$315.1M1.42×
aPriori Technologies IncSeries B$116.5M$299.5M1.35×
Ashby, Inc. this companySeries B$58.0M$252.7M1.14×
DynamoFL, Inc.Series B$19.3M$222.1M1.00×
SJ Medconnect, Inc.Series B$38.7M$221.4M1.00×
Codegen, Inc.Series B$16.2M$187.5M0.84×
Cornelis Networks, Inc.Series B$134.1M$138.1M0.62×
CommuniCare Technology, Inc.Series B$46.6M$94.5M0.43×
Metadata, Inc.Series B$48.8M$50.4M0.23×
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 B$24.5M2022-02-07$136.3M$487.7M90%
Series B$26.0M2022-02-07$144.6M$517.6M90%
Series B$2.0M2023-01-05$11.1M$28.2M90%
Series B$30.0M2024-05-17$166.7M$252.7M90%
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. Series B$24.5M2022-02-07
    • First recorded raise — entered as Series B.
    • 27 investors on this round.
  2. Series B$26.0M2022-02-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  3. Series B$2.0M2023-01-05
    • Raised 11 mo later, in step with the ~12 mo sector norm.
    • Round 13.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$30.0M2024-05-17
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 15.0× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~9mo cadence
$90.0M
Modeled next size est.range $58.5M$144.0M
15.0×
Last step-up
$25.5M/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
Abhik Pramanik2022-02
Benjamin Encz2022-02
Registry & provenance

Ashby, 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
1913750
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
Picochip IncComputersSeries B$59.5M$182.3Msame sector · same stage
Dialogic Inc.ComputersSeries B$61.0M$127.3Msame sector · same stage
Comprehend Systems, Inc.ComputersSeries B$64.2M$182.3Msame sector · same stage
ESO Solutions IncComputersSeries B$49.8M$364.7Msame sector · same stage
Centavo Inc.ComputersSeries B$68.5M$216.6Msame sector · same stage
N-Trig IncComputersSeries B$47.0M$164.1Msame sector · same stage
Nuventix IncComputersSeries B$46.9M$182.3Msame sector · same stage
CommuniCare Technology, Inc.ComputersSeries B$46.6M$94.5Msame 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
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Aviator Holdings, LLC
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SaaS / SoftwarePre-Seed$24.1M73%
Talentropy.ai
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Candidately
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Glide Holdings, Inc.
Glide turns spreadsheets into beautiful, intelligent apps.
AI / MLSeries A$190.2M72%
HireArt Inc.
Gives businesses everything needed to hire & manage W2 contractors.
SaaS / SoftwareSeries B$19.5M72%
Talentdrop
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SaaS / Software72%
Workbase
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Frequently asked
How much funding has Ashby, Inc. raised?
Ashby, Inc. has raised approximately $58.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Ashby, Inc.'s estimated valuation?
Provath's modeled valuation for Ashby, Inc. is approximately $252.7M (modeled range $75.0M–$462.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ashby, Inc. at?
Ashby, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri May 17.
What does Ashby, Inc. do and where is it based?
Ashby, Inc. operates in the Computers sector, based in SAN FRANCISCO, CA, USA; Remote. All-in-one recruiting platform that empowers hiring excellence in…
Explore related

See where Ashby, 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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