Companies · Other Technology

Bitglass, Inc.

CAMPBELL · Other Technology

Diligence memoA one-page analyst read on Bitglass, Inc. — recommendation, valuation, rhythm, risks.
$149.1M
Total raised · real
4
Rounds
1.5×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Fri Mar 29 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Bitglass, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.50× the median modeled value of Series C Other Technology companies in 2019–2021 (203 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.3 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

Bitglass, Inc. is one of 21302 Other Technology companies tracked from CAMPBELL. By capital raised it ranks among the largest (ahead of 98% 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
7
Investors (latest)
2019-03-29
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$1.3B$2.5B$3.8B$5.0BSeries A · 2013-02-22 Raised $10M (real) Modeled valuation $278M (est)$10M$278MSeries A2013Series B · 2014-07-31 Raised $25M (real) Modeled valuation $762M (est)$25M$762MSeries B2014Series C · 2016-12-23 Raised $45M (real) Modeled valuation $1.4B (est)$45M$1.4BSeries C2016Series C · 2019-03-29 Raised $69M (real) Modeled valuation $2.2B (est)$69M$2.2BSeries C2019+$25M+$45M+$69MCumulative $149M

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$10.0M · 2013
Series B$25.0M · 2014
Series C$45.0M · 2016
Series C extension$69.0M · 2019

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: 60%.

Modeled valuation trajectory
$2.2B
Base estimate est.
$261.6M
Conservative case
$5.7B
Upside case
$460.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $278.0M · 2013-02-222013Series B · modeled $762.3M · 2014-07-31Series C · modeled $1.4B · 2016-12-23Series C · modeled $2.2B · 2019-03-292019
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$24.5M/yr
Capital velocity
13.4 yr
On record since
2013
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21302 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) 47× above median
This company$149.1M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.4× above median
This company$69.0M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 58× above median
This company$2.2B
Sector median$37.3M

Raised more than 98% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #38 of 203.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Aldol · Series C Raised $100.0M · modeled $3.1B (est)Mark Miner,INC · Series C Raised $100.0M · modeled $3.1B (est)Aoex, Llc · Series C Raised $100.0M · modeled $3.1B (est)aidol, LLC · Series C Raised $100.0M · modeled $3.1B (est)vtoken, llc · Series C Raised $100.0M · modeled $3.1B (est)Singapore Orta Foundation Ltd. · Series C Raised $100.0M · modeled $3.1B (est)Sinoc INC · Series C Raised $100.0M · modeled $3.1B (est)Smartrent.Com, Inc. · Series C Raised $132.1M · modeled $3.0B (est)ForgeRock, Inc. · Series C Raised $202.8M · modeled $2.9B (est)Lime Light Holding Company, LLC · Series C Raised $91.0M · modeled $2.9B (est)Goweb Token Ltd · Series C Raised $90.0M · modeled $2.8B (est)Hykso Inc. · Series C Raised $89.6M · modeled $2.8B (est)Bitglass, Inc. (this company) Raised $149.1M · modeled $2.2B (est)Bitglass, Inc.
CompanyStageRaised · realValue · estvs peer med.
AldolSeries C$100.0M$3.1B2.17×
Mark Miner,INCSeries C$100.0M$3.1B2.17×
Aoex, LlcSeries C$100.0M$3.1B2.17×
aidol, LLCSeries C$100.0M$3.1B2.17×
vtoken, llcSeries C$100.0M$3.1B2.17×
Singapore Orta Foundation Ltd.Series C$100.0M$3.1B2.17×
Sinoc INCSeries C$100.0M$3.1B2.17×
Smartrent.Com, Inc.Series C$132.1M$3.0B2.09×
ForgeRock, Inc.Series C$202.8M$2.9B2.01×
Lime Light Holding Company, LLCSeries C$91.0M$2.9B1.98×
Goweb Token LtdSeries C$90.0M$2.8B1.96×
Hykso Inc.Series C$89.6M$2.8B1.95×
Bitglass, Inc. this companySeries C$149.1M$2.2B1.50×
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$10.0M2013-02-22$45.5M$278.0M85%
Series B$25.0M2014-07-31$139.1M$762.3M85%
Series C$45.0M2016-12-23$300.0M$1.4B90%
Series C$69.0M2019-03-29$460.2M$2.2B90%
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$10.0M2013-02-22
    • First recorded raise — entered as Series A.
    • 4 investors on this round.
  2. Series B$25.0M2014-07-31
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 7 investors on this round.
  3. Series C$45.0M2016-12-23
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series C$69.0M2019-03-29
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 7 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~24mo cadence
$105.9M
Modeled next size est.range $69.0M$169.4M
1.5×
Last step-up
$24.5M/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
AARON NATARAJAN JACOBSON2019-03
ANDREW NATARAJAN URUSHIMA2014-07
ANOOP NATARAJAN BHATTACHARJYA2014-07
Anurag Natarajan Kahol2013-02
Balas Natarajan Kausik2013-02
CHRISTOPHER NATARAJAN CHAN2014-07
DEAN NATARAJAN HICKMAN-SMITH2016-12
Forest Natarajan Baskett2013-02
MARK NATARAJAN TACY2014-07
Matthew Natarajan Howard2013-02
MICHAEL NATARAJAN SCHURICHT2019-03
RICHARD NATARAJAN CAMPAGNA2019-03
RICH NATARAJAN CAMPAGNA2014-07
SCOTT NATARAJAN SANDELL2014-07
Registry & provenance

Bitglass, 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
1570707
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
Doctor on Demand, Inc.Other TechnologySeries C$148.9M$1.9Bsame sector · same stage
ZocDoc IncOther TechnologySeries C$148.6M$2.5Bsame sector · same stage
Tulip Interfaces, Inc.Other TechnologySeries C$150.1M$2.3Bsame sector · same stage
Gainsight, Inc.Other TechnologySeries C$150.2M$1.6Bsame sector · same stage
Datadog, Inc.Other TechnologySeries C$147.2M$3.0Bsame sector · same stage
ZeroAvia, Inc.Other TechnologySeries C$151.0M$1.3Bsame sector · same stage
Roku, IncOther TechnologySeries C$146.9M$1.4Bsame sector · same stage
Sender, Inc.Other TechnologySeries C$146.5M$2.2Bsame 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
CyGlass Inc.Other TechnologySeries A$242.5M91%
DragonGlass, Inc.Other TechnologyPre-Seed$29.7M89%
Bitmo, Inc.Other TechnologySeed$100.9M89%
BluGlass LtdOther TechnologyPre-Seed$4.2M89%
BiTSR, Inc.Other TechnologyPre-Seed$31.8M89%
Spyglass Connected Solutions, Inc.Other TechnologySeed$29.6M89%
GlassPoint, Inc.Other TechnologySeed$13.8M87%
SlipGlass Inc.Other TechnologyPre-Seed$21.7M87%
Frequently asked
How much funding has Bitglass, Inc. raised?
Bitglass, Inc. has raised approximately $149.1M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Bitglass, Inc.'s estimated valuation?
Provath's modeled valuation for Bitglass, Inc. is approximately $2.2B (modeled range $261.6M–$5.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bitglass, Inc. at?
Bitglass, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Mar 29.
What does Bitglass, Inc. do and where is it based?
Bitglass, Inc. operates in the Other Technology sector, based in CAMPBELL.
Explore related

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