Companies · Other

Backtrace I/O, Inc.

NEW YORK · Other

Diligence memoA one-page analyst read on Backtrace I/O, Inc. — recommendation, valuation, rhythm, risks.
$6.2M
Total raised · real
2
Rounds
1.5×
Latest step-up
Top 31%
Sector rank · raised
Series A
Latest stage · inferred · Mon Sep 28 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Backtrace I/O, 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.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.86× the median modeled value of Series A Other companies in 2013–2015 (623 peers) — value vs value, same stage and era.
  • Within the normal band (86% of peer median) for its niche.
Dormant
  • Last raise 10.8 yr ago; this sector typically re-raises about every 11 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 Other

Backtrace I/O, Inc. is one of 25008 Other companies tracked from NEW YORK. By capital raised it ranks in the upper tier (ahead of 70% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
10
Investors (latest)
2014
Year incorporated
2015-09-28
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$50M$100M$150M$200MSeed · 2014-08-29 Raised $1.1M (real) Modeled valuation $21M (est)$1.1M$21MSeed2014Series A · 2015-09-28 Raised $5.0M (real) Modeled valuation $76M (est)$5.0M$76MSeries A2015Series A · 2015-09-28 Raised $7.5M (real) Modeled valuation $114M (est)$7.5M$114MSeries A2015+$5.0M+$7.5MCumulative $14M

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
Seed$1.1M · 2014
Series A$5.0M · 2015
Series A extension$7.5M · 2015

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$76.0M
Base estimate est.
$6.9M
Conservative case
$413.5M
Upside case
$22.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Seed · modeled $21.1M · 2014-08-292014Series A · modeled $76.0M · 2015-09-28Series A · modeled $113.9M · 2015-09-282015
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.35×/yr
Annual markup
1.70×/yr upside case
6.0 yr
Elapsed time used
10.8 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
6 mo
Avg between rounds
$5.7M/yr
Capital velocity
11.8 yr
On record since
2014
First round
3
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. 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) 3.0× above median
This company$6.2M
Sector median$2.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.3× above median
This company$7.5M
Sector median$5.7M
Modeled value — vs sector median (estimate, all stages) 4.3× above median
This company$76.0M
Sector median$17.7M

Raised more than 70% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #380 of 623.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)CanWel Building Materials Group Ltd. · Series A Raised $15.0M · modeled $227.0M (est)New Gold Recovery USA, Inc. · Series A Raised $17.8M · modeled $227.0M (est)ZAG America, LLC · Series A Raised $15.0M · modeled $227.0M (est)County Waste of Virginia, LLC · Series A Raised $15.0M · modeled $227.0M (est)Sound Seal Holdings, Inc. · Series A Raised $15.0M · modeled $227.0M (est)Marathon Patent Group, Inc. · Series A Raised $38.4M · modeled $227.0M (est)United Sample Inc · Series A Raised $31.2M · modeled $227.0M (est)Biloxi Baseball, LLC · Series A Raised $15.0M · modeled $227.0M (est)Content Partners Cyber Holdco, LP · Series A Raised $15.0M · modeled $227.0M (est)Nitro Software PTY LTD · Series A Raised $15.0M · modeled $227.0M (est)Revolution Lighting Technologies, Inc. · Series A Raised $18.8M · modeled $227.0M (est)Profile Products Institutional Co-Investor Holdings, LLC · Series A Raised $15.0M · modeled $227.0M (est)Backtrace I/O, Inc. (this company) Raised $6.2M · modeled $76.0M (est)Backtrace I/O, Inc.
CompanyStageRaised · realValue · estvs peer med.
CanWel Building Materials Group Ltd.Series A$15.0M$227.0M2.57×
New Gold Recovery USA, Inc.Series A$17.8M$227.0M2.57×
ZAG America, LLCSeries A$15.0M$227.0M2.57×
County Waste of Virginia, LLCSeries A$15.0M$227.0M2.57×
Sound Seal Holdings, Inc.Series A$15.0M$227.0M2.57×
Marathon Patent Group, Inc.Series A$38.4M$227.0M2.57×
United Sample IncSeries A$31.2M$227.0M2.57×
Biloxi Baseball, LLCSeries A$15.0M$227.0M2.57×
Content Partners Cyber Holdco, LPSeries A$15.0M$227.0M2.57×
Nitro Software PTY LTDSeries A$15.0M$227.0M2.57×
Revolution Lighting Technologies, Inc.Series A$18.8M$227.0M2.57×
Profile Products Institutional Co-Investor Holdings, LLCSeries A$15.0M$227.0M2.57×
Backtrace I/O, Inc. this companySeries A$6.2M$76.0M0.86×
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.
Seed$1.1M2014-08-29$5.7M$21.1M85%
Series A$5.0M2015-09-28$22.8M$76.0M85%
Series A$7.5M2015-09-28$34.2M$113.9M90%
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. Seed$1.1M2014-08-29
    • First recorded raise — entered as Seed.
    • 9 investors on this round.
  2. Series A$5.0M2015-09-28
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
    • 8 investors on this round.
  3. Series A$7.5M2015-09-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2016 ~Q2
Modeled next raise · ~6mo cadence
$11.3M
Modeled next size est.range $7.5M$18.0M
1.5×
Last step-up
$5.7M/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
Abel Punnittethu Mathew2014-08
Charles Punnittethu Beeler2014-08
Samy Punnittethu Al Bahra2014-08
Sunil Punnittethu Dhaliwal2015-09
Registry & provenance

Backtrace I/O, 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
1619304
SEC CIK
2014
Incorporated
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
Quantgene Inc.OtherSeries A$6.1M$77.9Msame sector · same stage
Dolores Labs, Inc.OtherSeries A$6.2M$76.9Msame sector · same stage
Trustnode, Inc.OtherSeries A$6.0M$75.7Msame sector · same stage
Hirevue, Inc.OtherSeries A$6.3M$74.4Msame sector · same stage
Covalent Networks, Inc.OtherSeries A$6.0M$75.7Msame sector · same stage
Burger BossCo Holdings, Inc.OtherSeries A$6.4M$78.1Msame sector · same stage
NSF Duck, LLCOtherSeries A$6.4M$76.3Msame sector · same stage
Manicube, Inc.OtherSeries A$5.9M$76.4Msame 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
Opstrace, Inc.Other TechnologySeries A$179.2M83%
backstitch Inc.Other TechnologySeries A$66.3M82%
BackOffice.co, Inc.Other TechnologySeries B$298.2M82%
Xtraction Services Inc.OtherSeed$10.6M81%
BackOps-ai Inc.AI / MLSeries B$120.9M80%
Returnalyze, Inc.Other TechnologySeries A$58.8M79%
HyperTrack IncOther TechnologySeries B$364.8M79%
SiteTrace, Inc.Other TechnologyPre-Seed$24.6M78%
Frequently asked
How much funding has Backtrace I/O, Inc. raised?
Backtrace I/O, Inc. has raised approximately $6.2M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Backtrace I/O, Inc.'s estimated valuation?
Provath's modeled valuation for Backtrace I/O, Inc. is approximately $76.0M (modeled range $6.9M–$413.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Backtrace I/O, Inc. at?
Backtrace I/O, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Sep 28.
What does Backtrace I/O, Inc. do and where is it based?
Backtrace I/O, Inc. operates in the Other sector, based in NEW YORK.
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