Companies · Software / Tech

Avere Systems Inc

Pittsburgh · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Avere Systems Inc — recommendation, valuation, rhythm, risks.
$31.0M
Total raised · real
2
Rounds
0.8×
Latest step-up
Top 15%
Sector rank · raised
Series B
Latest stage · inferred · Thu Mar 16 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Avere Systems Inc looks fair 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.

Fair
  • Modeled value is 0.73× the median modeled value of Series B Software / Tech companies in 2016–2018 (78 peers) — value vs value, same stage and era.
  • Within the normal band (73% of peer median) for its niche.
Dormant
  • Last raise 9.3 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

Avere Systems Inc is one of 3920 Software / Tech companies tracked from Pittsburgh. By capital raised it ranks in the upper tier (ahead of 86% 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
9
Investors (latest)
2017-03-16
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 · 2010-07-23 Raised $17M (real) Modeled valuation $518M (est)$17M$518MSeries B2010Series B · 2017-03-16 Raised $14M (real) Modeled valuation $426M (est)$14M$426MSeries B2017+$14MCumulative $31M

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$17.0M · 2010
Series B extension$14.0M · 2017

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
$426.4M
Base estimate est.
$34.3M
Conservative case
$1.6B
Upside case
$77.8M
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 technology sector profile. Directional, not a quoted figure.

Series B · modeled $517.7M · 2010-07-232010Series B · modeled $426.4M · 2017-03-162017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
9.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
80 mo
Avg between rounds
$4.7M/yr
Capital velocity
15.9 yr
On record since
2010
First round
2
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) 6.7× above median
This company$31.0M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.7× of median
This company$14.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$426.4M
Sector median$36.6M

Raised more than 86% of sector peers (real $). Modeled value above 90% 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 #59 of 78.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Orchid Labs Inc. · Series B Raised $40.6M · modeled $1.1B (est)Overclock Labs, Inc. · Series B Raised $35.3M · modeled $1.0B (est)Reflexis Systems Inc · Series B Raised $67.2M · modeled $999.8M (est)Nav Technologies, Inc. · Series B Raised $67.8M · modeled $995.5M (est)Vesper Technologies Inc. · Series B Raised $51.4M · modeled $971.7M (est)Applied Data Finance, LLC · Series B Raised $30.8M · modeled $938.7M (est)Digital Reasoning Systems, Inc. · Series B Raised $80.5M · modeled $913.8M (est)Singular Labs Inc. · Series B Raised $35.6M · modeled $913.7M (est)Skyport Systems, Inc. · Series B Raised $66.7M · modeled $904.5M (est)Constellation Labs, LLC · Series B Raised $29.7M · modeled $904.1M (est)Theta Labs, Inc. · Series B Raised $37.4M · modeled $887.6M (est)SolidEnergy Systems Corp. · Series B Raised $79.5M · modeled $879.4M (est)Avere Systems Inc (this company) Raised $31.0M · modeled $426.4M (est)Avere Systems Inc
CompanyStageRaised · realValue · estvs peer med.
Orchid Labs Inc.Series B$40.6M$1.1B1.89×
Overclock Labs, Inc.Series B$35.3M$1.0B1.78×
Reflexis Systems IncSeries B$67.2M$999.8M1.72×
Nav Technologies, Inc.Series B$67.8M$995.5M1.71×
Vesper Technologies Inc.Series B$51.4M$971.7M1.67×
Applied Data Finance, LLCSeries B$30.8M$938.7M1.61×
Digital Reasoning Systems, Inc.Series B$80.5M$913.8M1.57×
Singular Labs Inc.Series B$35.6M$913.7M1.57×
Skyport Systems, Inc.Series B$66.7M$904.5M1.55×
Constellation Labs, LLCSeries B$29.7M$904.1M1.55×
Theta Labs, Inc.Series B$37.4M$887.6M1.52×
SolidEnergy Systems Corp.Series B$79.5M$879.4M1.51×
Avere Systems Inc this companySeries B$31.0M$426.4M0.73×
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$17.0M2010-07-23$94.4M$517.7M85%
Series B$14.0M2017-03-16$77.8M$426.4M90%
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$17.0M2010-07-23
    • First recorded raise — entered as Series B.
    • 7 investors on this round.
  2. Series B$14.0M2017-03-16
    • Raised again after 80 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 9 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~80mo cadence
$14.0M
Modeled next size est.range $14.0M$22.4M
0.8×
Last step-up
$4.7M/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
Bill Chambers4 other2017-03
John Dean4 other2017-03
John W. Jarve2 other2010-07
Matthew D. Howard2 other2010-07
Brian W. Paul2010-07
John P. Dean2010-07
Michael W. Kazar2010-07
Paul Brian2017-03
Ronald Bianchini, Jr.2017-03
Ronald P. Bianchini, Jr.2010-07
Registry & provenance

Avere Systems 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
1451666
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
Cyware Labs, Inc.Software / TechSeries B$31.0M$300.6Msame sector · same stage
Group14 Technologies, Inc.Software / TechSeries B$31.4M$438.5Msame sector · same stage
WindBorne Systems Inc.Software / TechSeries A$24.9M$86.9Mnetwork1 shared operator · same sector
Eppo Data, Inc.Software / TechSeries B$31.8M$253.2Msame sector · same stage
Directly Software, Inc.Software / TechSeries B$32.0M$517.7Msame sector · same stage
EHP Technologies AGSoftware / TechSeries B$30.0M$337.2Msame sector · same stage
Meld Labs Pte. Ltd.Software / TechSeries B$30.0M$614.5Msame sector · same stage
New Form Digital, LLCSoftware / TechSeries B$30.0M$548.2Msame 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
Aver Inc.Other TechnologySeries C$1.1B87%
AvePoint, Inc.Other TechnologySeed$18.5M85%
Averon Us, Inc.Other TechnologySeries A$63.7M83%
Averlon, Inc.Other TechnologySeries A$60.6M82%
Aveera Medical Inc.HealthtechSeries A$14.5M82%
PayRecs Inc.Other TechnologySeed$11.9M82%
Sincera Technologies, Inc.Software / TechSeries A$33.7M81%
Postr Technologies, Inc.Software / TechSeed$4.6M81%
Frequently asked
How much funding has Avere Systems Inc raised?
Avere Systems Inc has raised approximately $31.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Avere Systems Inc's estimated valuation?
Provath's modeled valuation for Avere Systems Inc is approximately $426.4M (modeled range $34.3M–$1.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Avere Systems Inc at?
Avere Systems Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Mar 16.
What does Avere Systems Inc do and where is it based?
Avere Systems Inc operates in the Software / Tech sector, based in Pittsburgh.
Explore related

See where Avere Systems 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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