Companies · Other Technology

Big Switch Networks, Inc.

SANTA CLARA · Other Technology

Diligence memoA one-page analyst read on Big Switch Networks, Inc. — recommendation, valuation, rhythm, risks.
$100.4M
Total raised · real
4
Rounds
0.6×
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jun 09 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Big Switch Networks, 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 1.07× the median modeled value of Series B Other Technology companies in 2016–2018 (314 peers) — value vs value, same stage and era.
  • Within the normal band (107% of peer median) for its niche.
Dormant
  • Last raise 9.1 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 Other Technology

Big Switch Networks, Inc. is one of 21292 Other Technology companies tracked from SANTA CLARA. By capital raised it ranks among the largest (ahead of 97% 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
18
Investors (latest)
2017-06-09
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$500M$1.0B$1.5B$2.0BSeries A · 2011-03-04 Raised $14M (real) Modeled valuation $382M (est)$14M$382MSeries A2011Series B · 2012-07-17 Raised $31M (real) Modeled valuation $941M (est)$31M$941MSeries B2012Series B · 2015-07-08 Raised $35M (real) Modeled valuation $1.1B (est)$35M$1.1BSeries B2015Series B · 2017-06-09 Raised $21M (real) Modeled valuation $631M (est)$21M$631MSeries B2017+$31M+$35M+$21MCumulative $100M

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$13.8M · 2011
Series B$30.9M · 2012
Series B extension$35.0M · 2015
Series B extension$20.7M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — 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
$630.8M
Base estimate est.
$50.7M
Conservative case
$2.4B
Upside case
$115.1M
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 A · modeled $382.1M · 2011-03-042011Series B · modeled $940.9M · 2012-07-17Series B · modeled $1.1B · 2015-07-08Series B · modeled $630.8M · 2017-06-092017
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
9.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
25 mo
Avg between rounds
$16.0M/yr
Capital velocity
15.3 yr
On record since
2011
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 32× above median
This company$100.4M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$20.7M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$630.8M
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 94% 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 #127 of 314.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pymetrics, Inc. · Series B Raised $46.6M · modeled $1.2B (est)Universal Recognition Token, Inc. · Series B Raised $40.0M · modeled $1.2B (est)Certified Inc. · Series B Raised $40.0M · modeled $1.2B (est)Anomali Inc · Series B Raised $40.0M · modeled $1.2B (est)Docutech Transfer, LLC · Series B Raised $39.9M · modeled $1.2B (est)Plaid Technologies, Inc. · Series B Raised $39.8M · modeled $1.2B (est)360fly, Inc. · Series B Raised $69.9M · modeled $1.2B (est)LogRhythm, Inc. · Series B Raised $111.3M · modeled $1.2B (est)Humu, Inc. · Series B Raised $49.5M · modeled $1.2B (est)GuiaBolso (Cayman), Ltd. · Series B Raised $58.0M · modeled $1.2B (est)Spin Memory, Inc. · Series B Raised $38.5M · modeled $1.2B (est)Wavefront, Inc. · Series B Raised $37.6M · modeled $1.1B (est)Big Switch Networks, Inc. (this company) Raised $100.4M · modeled $630.8M (est)Big Switch Networks, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pymetrics, Inc.Series B$46.6M$1.2B2.07×
Universal Recognition Token, Inc.Series B$40.0M$1.2B2.07×
Certified Inc.Series B$40.0M$1.2B2.07×
Anomali IncSeries B$40.0M$1.2B2.07×
Docutech Transfer, LLCSeries B$39.9M$1.2B2.07×
Plaid Technologies, Inc.Series B$39.8M$1.2B2.06×
360fly, Inc.Series B$69.9M$1.2B2.05×
LogRhythm, Inc.Series B$111.3M$1.2B2.05×
Humu, Inc.Series B$49.5M$1.2B2.02×
GuiaBolso (Cayman), Ltd.Series B$58.0M$1.2B2.01×
Spin Memory, Inc.Series B$38.5M$1.2B2.00×
Wavefront, Inc.Series B$37.6M$1.1B1.95×
Big Switch Networks, Inc. this companySeries B$100.4M$630.8M1.07×
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$13.8M2011-03-04$62.6M$382.1M85%
Series B$30.9M2012-07-17$171.6M$940.9M85%
Series B$35.0M2015-07-08$194.4M$1.1B85%
Series B$20.7M2017-06-09$115.1M$630.8M90%
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$13.8M2011-03-04
    • First recorded raise — entered as Series A.
    • 12 investors on this round.
  2. Series B$30.9M2012-07-17
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  3. Series B$35.0M2015-07-08
    • Raised again after 36 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
  4. Series B$20.7M2017-06-09
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 18 investors on this round.
Intelligence
2019 ~Q3
Modeled next raise · ~25mo cadence
$20.7M
Modeled next size est.range $20.7M$33.1M
0.6×
Last step-up
$16.0M/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
Bruce Armstrong9 other2012-07
Mark Leslie8 other2011-03
Shirish Sathaye8 other2011-03
Gary Morgenthaler6 other2012-07
Mike Volpi5 other2011-03
Dan Warmenhoven2 other2012-07
Bill Meehan2011-03
Dan Warmehoven2015-07
Douglas Murray2012-07
Guido Appenzeller2011-03
Kyle Forster2011-03
Registry & provenance

Big Switch Networks, 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
1516885
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
Path, Inc.Other TechnologySeries B$65.5M$757.8Mnetwork1 shared operator · same sector · same stage
Onechip Photonics CorpOther TechnologySeries B$54.3M$474.1Mnetwork1 shared operator · same sector · same stage
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Ubiquity6, Inc.Other TechnologySeries B$37.6M$829.3Mnetwork1 shared operator · same sector · same stage
Zerto, Ltd.Other TechnologySeries C$103.2M$1.0Bnetwork1 shared operator · same sector
SugarCRM IncOther TechnologySeries B$28.0M$6.8Mnetwork1 shared operator · same sector · same stage
Kumu Networks, Inc.Other TechnologySeries B$20.6M$462.9Mnetwork1 shared operator · same sector · same stage
Siri IncOther TechnologySeries B$15.5M$472.1Mnetwork1 shared operator · same 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
Big Network, Inc.Other TechnologyPre-Seed$31.8M93%
Switch, Inc.Other TechnologySeries B$656.2M90%
Bigleaf Networks, Inc.Other TechnologySeries B$96.4M89%
Total Network Services CorpOther TechnologySeed$102.2M87%
Switch Automation USA Inc.Other TechnologySeed$110.0M87%
BG Networks, Inc.Other TechnologySeed$46.2M86%
Big B CorpOther TechnologySeed$4.7M86%
Impactivate Networks, Inc.Other TechnologySeries A$249.7M86%
Frequently asked
How much funding has Big Switch Networks, Inc. raised?
Big Switch Networks, Inc. has raised approximately $100.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Big Switch Networks, Inc.'s estimated valuation?
Provath's modeled valuation for Big Switch Networks, Inc. is approximately $630.8M (modeled range $50.7M–$2.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Big Switch Networks, Inc. at?
Big Switch Networks, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jun 09.
What does Big Switch Networks, Inc. do and where is it based?
Big Switch Networks, Inc. operates in the Other Technology sector, based in SANTA CLARA.
Explore related

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