Diligence memo · auto-generated · as of July 2, 2026
Axonics Modulation Technologies, Inc.
Axonics Modulation Technologies, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Axonics Modulation Technologies, Inc. operates in Software / Tech, based in IRVINE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Axonics Modulation Technologies, Inc. has raised $124M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $55M on 2017-04-28.
Most recent recorded round closed around 2017-04-28.
Valuation (modeled)modeled
Provath models Axonics Modulation Technologies, Inc. at approximately $1.7B (range $209M–$4.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.10× the median modeled value of Series C Software / Tech companies in 2016–2018 (22 peers) — value vs value, same stage and era. Within the normal band (110% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 9.2 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 3.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Software / Tech peers (3920 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Concierge Technologies Inc, Sauce Labs Inc, Peloton Technology, Inc., Liquidmetal Technologies Inc, Xirgo Technologies Intermediate Holdings, LLC.
Peoplefiled
18 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.