Diligence memo · auto-generated · as of July 2, 2026
Backtrace I/O, Inc.
Backtrace I/O, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Backtrace I/O, Inc. operates in Other, based in NEW YORK.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Backtrace I/O, Inc. has raised $6.2M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.5M on 2015-09-28.
Most recent recorded round closed around 2015-09-28.
Valuation (modeled)modeled
Provath models Backtrace I/O, Inc. at approximately $76M (range $6.9M–$413M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 10.8 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 70% of Other peers (25015 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Biloxi Baseball, LLC, United Sample Inc, Revolution Lighting Technologies, Inc., County Waste of Virginia, LLC, Marathon Patent Group, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.