Diligence memo · auto-generated · as of July 1, 2026
BitArmor Systems, Inc.
BitArmor Systems, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
BitArmor Systems, Inc. operates in Computers, based in PITTSBURGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
BitArmor Systems, Inc. has raised $8.7M 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: $4.9M on 2009-04-10.
Most recent recorded round closed around 2009-04-10.
Valuation (modeled)modeled
Provath models BitArmor Systems, Inc. at approximately $162M (range $6.6M–$880M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.75× the median modeled value of Series A Computers companies in 2007–2009 (32 peers) — value vs value, same stage and era. Within the normal band (75% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 17.2 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 77% of Computers peers (1370 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Scalent Systems, Inc., Blade Network Technologies Inc, Alphion Corp, Evernote Corp, Carbon Design Systems Inc.
Peoplefiled
6 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.