Diligence memo · auto-generated · as of July 2, 2026
Blacksmith Software Inc.
Blacksmith Software Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
Blacksmith Software Inc. operates in Software / Tech, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Blacksmith Software Inc. has raised $14M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $14M on 2025-06-04.
Most recent recorded round closed around 2025-06-04.
Valuation (modeled)modeled
Provath models Blacksmith Software Inc. at approximately $51M (range $18M–$90M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.44× the median modeled value of Series A Software / Tech companies in 2025–2027 (205 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 13 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 73% of Software / Tech peers (3920 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: Integrity Labs, Inc., Volteras Technologies, Inc., Unto Labs, Inc., Veda Tech Labs Inc., Caliber Labs, PBC.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.