Companies · Software / Tech

Astranis Space Technologies Corp.

SAN FRANCISCO · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Astranis Space Technologies Corp. — recommendation, valuation, rhythm, risks.
$376.3M
Total raised · real
6
Rounds
9.1×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Mar 19 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Astranis Space Technologies Corp. 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 D+ Software / Tech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.3 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 Software / Tech

Astranis Space Technologies Corp. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 99% 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
58
Investors (latest)
2021-03-19
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$2.5B$5.0B$7.5B$10.0BSeries A · 2015-12-09 Raised $4.4M (real) Modeled valuation $123M (est)Series A2015Series A · 2015-12-09 Raised $4.4M (real) Modeled valuation $123M (est)Series A2015Series A · 2017-08-29 Raised $13M (real) Modeled valuation $374M (est)Series A2017Series A · 2017-08-29 Raised $13M (real) Modeled valuation $374M (est)Series A2017Series A · 2018-12-16 Raised $5.0M (real) Modeled valuation $139M (est)Series A2018Series C · 2019-07-19 Raised $42M (real) Modeled valuation $1.3B (est)Series C2019Series C · 2020-01-22 Raised $31M (real) Modeled valuation $969M (est)Series C2020Series D+ · 2021-03-19 Raised $281M (real) Modeled valuation $7.4B (est)Series D+2021+$4.4M+$13M+$13M+$5.0M+$42M+$31M+$281MCumulative $394M

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 A$4.4M · 2015
Series A extension$4.4M · 2015
Series A extension$13.5M · 2017
Series A extension$13.5M · 2017
Series A extension$5.0M · 2018
Series C$41.7M · 2019no Series B on file
Series C extension$30.8M · 2020
Series D+$280.8M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$7.4B
Base estimate est.
$1.6B
Conservative case
$15.0B
Upside case
$2.3B
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 scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $123.3M · 2015-12-092015Series A · modeled $123.3M · 2015-12-09Series A · modeled $374.5M · 2017-08-29Series A · modeled $374.5M · 2017-08-29Series A · modeled $138.7M · 2018-12-16Series C · modeled $1.3B · 2019-07-19Series C · modeled $968.7M · 2020-01-22Series D+ · modeled $7.4B · 2021-03-192021
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
5.3 yr
Elapsed time used
5.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$71.3M/yr
Capital velocity
10.6 yr
On record since
2015
First round
8
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 82× above median
This company$376.3M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.9× above median
This company$280.8M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 203× above median
This company$7.4B
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 100% 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 #4 of 34.

This companyCohort peer
$1.0B$10.0B$100.0M$1.0BCapital raised (log)Mango Technologies, Inc. · Series D+ Raised $532.4M · modeled $9.1B (est)Cloud Guru Group Inc. · Series D+ Raised $257.5M · modeled $8.1B (est)Alternative Platform LLC · Series D+ Raised $250.0M · modeled $7.9B (est)Badger Technology Co Holdings Ltd · Series D+ Raised $254.3M · modeled $6.5B (est)Economic Transformation Technologies Corp · Series D+ Raised $203.7M · modeled $6.3B (est)Apeel Technology, Inc. · Series D+ Raised $534.6M · modeled $6.1B (est)Notion Labs, Inc. · Series D+ Raised $327.0M · modeled $6.0B (est)Hyperloop Technologies, Inc. · Series D+ Raised $299.9M · modeled $5.4B (est)Onestream Software Llc · Series D+ Raised $200.0M · modeled $5.2B (est)Verint Systems Inc · Series D+ Raised $400.0M · modeled $5.2B (est)Luminar Technologies, Inc. · Series D+ Raised $257.3M · modeled $5.2B (est)Astranis Space Technologies Corp. (this company) Raised $376.3M · modeled $7.4B (est)Astranis Space Technologies Corp.
CompanyStageRaised · realValue · estvs peer med.
Mango Technologies, Inc.Series D+$532.4M$9.1B2.74×
Cloud Guru Group Inc.Series D+$257.5M$8.1B2.47×
Alternative Platform LLCSeries D+$250.0M$7.9B2.38×
Astranis Space Technologies Corp. this companySeries D+$376.3M$7.4B2.25×
Badger Technology Co Holdings LtdSeries D+$254.3M$6.5B1.97×
Economic Transformation Technologies CorpSeries D+$203.7M$6.3B1.91×
Apeel Technology, Inc.Series D+$534.6M$6.1B1.84×
Notion Labs, Inc.Series D+$327.0M$6.0B1.82×
Hyperloop Technologies, Inc.Series D+$299.9M$5.4B1.65×
Onestream Software LlcSeries D+$200.0M$5.2B1.58×
Verint Systems IncSeries D+$400.0M$5.2B1.58×
Luminar Technologies, Inc.Series D+$257.3M$5.2B1.57×
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 A$4.4M2015-12-09$20.2M$123.3M90%
Series A$4.4M2015-12-09$20.2M$123.3M90%
Series A$13.5M2017-08-29$61.4M$374.5M90%
Series A$13.5M2017-08-29$61.4M$374.5M90%
Series A$5.0M2018-12-16$22.7M$138.7M90%
Series C$41.7M2019-07-19$277.8M$1.3B90%
Series C$30.8M2020-01-22$205.5M$968.7M90%
Series D+$280.8M2021-03-19$2.3B$7.4B90%
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 A$4.4M2015-12-09
    • First recorded raise — entered as Series A.
    • 69 investors on this round.
  2. Series A$4.4M2015-12-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 69 investors on this round.
  3. Series A$13.5M2017-08-29
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 10 investors on this round.
  4. Series A$13.5M2017-08-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 11 investors on this round.
  5. Series A$5.0M2018-12-16
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 6 investors on this round.
  6. Series C$41.7M2019-07-19
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 8.3× larger than the prior — scaling up.
    • 26 investors on this round.
  7. Series C$30.8M2020-01-22
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 29 investors on this round.
  8. Series D+$280.8M2021-03-19
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 9.1× larger than the prior — scaling up.
    • 58 investors on this round.
Intelligence
2021 ~Q4
Modeled next raise · ~9mo cadence
$842.5M
Modeled next size est.range $547.6M$1.3B
9.1×
Last step-up
$71.3M/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
Martin Casado11 other2017-08
Ethan Batraski6 other2018-12
Dan Berkenstock2018-12
John Gedmark2015-12
Mike Mancini2018-12
Ryan McLinko2015-12
Registry & provenance

Astranis Space Technologies Corp. 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
1715660
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
ABL Space Systems CoSoftware / TechSeries D+$480.3M$537.4Mnetwork1 shared operator · same sector · same stage
R Software Inc.Software / TechSeries D+$242.0M$3.0Bnetwork1 shared operator · same sector · same stage
Span.IO, Inc.Software / TechSeries D+$384.1M$1.3Bsame sector · same stage
Capital Integration Systems LLCSoftware / TechSeries D+$392.9M$7.3Bsame sector · same stage
Verint Systems IncSoftware / TechSeries D+$400.0M$5.2Bsame sector · same stage
Apex Technology, Inc.Software / TechSeries D+$405.3M$1.3Bsame sector · same stage
Mapr Technologies, Inc.Software / TechSeries D+$347.5M$4.8Bsame sector · same stage
Fever Labs, Inc.Software / TechSeries D+$347.2M$1.1Bsame 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
Space Technology Holdings LLCSoftware / TechPre-Seed$1.3M85%
Benchmark Space Systems, Inc.Software / TechSeries B$12.9M85%
Asius Technologies, LlcSoftware / TechPre-Seed$42.4M85%
Astra Space, Inc.OtherSeries B$33.7M84%
State Space Labs, Inc.Software / TechSeries C$120.3M84%
Orbion Space Technology, Inc.Software / TechSeries B$121.8M84%
Spaceit, LlcOther TechnologyPre-Seed$38.6M84%
AST SpaceMobile, Inc.Other TechnologyPre-Seed$2.9M84%
Frequently asked
How much funding has Astranis Space Technologies Corp. raised?
Astranis Space Technologies Corp. has raised approximately $376.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Astranis Space Technologies Corp.'s estimated valuation?
Provath's modeled valuation for Astranis Space Technologies Corp. is approximately $7.4B (modeled range $1.6B–$15.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Astranis Space Technologies Corp. at?
Astranis Space Technologies Corp.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Mar 19.
What does Astranis Space Technologies Corp. do and where is it based?
Astranis Space Technologies Corp. operates in the Software / Tech sector, based in SAN FRANCISCO.
Explore related

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