Companies · Other Technology

Boulder Imaging, Inc.

LOUISVILLE · Other Technology

Diligence memoA one-page analyst read on Boulder Imaging, Inc. — recommendation, valuation, rhythm, risks.
$6.5M
Total raised · real
7
Rounds
0.1×
Latest step-up
Top 37%
Sector rank · raised
Seed
Latest stage · inferred · Wed Oct 19 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Boulder Imaging, Inc. looks under-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.

Under-valued
  • Modeled value is 0.15× the median modeled value of Seed Other Technology companies in 2016–2018 (1024 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 9.7 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

Boulder Imaging, Inc. is one of 21292 Other Technology companies tracked from LOUISVILLE. By capital raised it ranks mid-pack (ahead of 64% of sector peers), and in the long tail 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2016-10-19
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$25M$50M$75M$100MPre-Seed · 2009-07-01 Raised $1.0M (real) Modeled valuation $42M (est)Pre-Seed2009Pre-Seed · 2011-05-03 Raised $750K (real) Modeled valuation $32M (est)Pre-Seed2011Pre-Seed · 2012-03-06 Raised $400K (real) Modeled valuation $17M (est)Pre-Seed2012Pre-Seed · 2013-04-09 Raised $1.0M (real) Modeled valuation $42M (est)Pre-Seed2013Seed · 2013-10-22 Raised $1.1M (real) Modeled valuation $37M (est)Seed2013Seed · 2014-05-07 Raised $2.0M (real) Modeled valuation $68M (est)Seed2014Seed · 2016-10-19 Raised $250K (real) Modeled valuation $8.5M (est)Seed2016+$750K+$400K+$1.0M+$1.1M+$2.0M+$250KCumulative $6.5M

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
Pre-Seed$1.0M · 2009
Pre-Seed extension$750K · 2011
Pre-Seed extension$400K · 2012
Pre-Seed extension$1.0M · 2013
Seed$1.1M · 2013
Seed extension$2.0M · 2014
Seed extension$250K · 2016

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$8.5M
Base estimate est.
$221K
Conservative case
$66.8M
Upside case
$1.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $42.4M · 2009-07-012009Pre-Seed · modeled $31.8M · 2011-05-03Pre-Seed · modeled $16.9M · 2012-03-06Pre-Seed · modeled $42.4M · 2013-04-09Seed · modeled $37.5M · 2013-10-22Seed · modeled $68.1M · 2014-05-07Seed · modeled $8.5M · 2016-10-192016
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
9.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
15 mo
Avg between rounds
$890K/yr
Capital velocity
17.0 yr
On record since
2009
First round
7
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) 2.0× above median
This company$6.5M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$250K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$8.5M
Sector median$37.3M

Raised more than 64% of sector peers (real $). Modeled value above 21% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #973 of 1,024.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Modern Teacher LLC · Seed Raised $4.0M · modeled $136.3M (est)OneDine, LLC · Seed Raised $4.0M · modeled $136.3M (est)Pixobot, Inc. · Seed Raised $4.7M · modeled $136.3M (est)SubVRsive, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Red Lambda, Inc. · Seed Raised $9.2M · modeled $136.3M (est)Lea, Llc · Seed Raised $4.0M · modeled $136.3M (est)Homebot, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Watershed Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Bivarus, Inc. · Seed Raised $8.3M · modeled $136.3M (est)Salcido Enterprises, LLC · Seed Raised $5.1M · modeled $136.3M (est)RSV QOZB Rural, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Punchbowl, Inc. · Seed Raised $5.6M · modeled $136.3M (est)Boulder Imaging, Inc. (this company) Raised $6.5M · modeled $8.5M (est)Boulder Imaging, Inc.
CompanyStageRaised · realValue · estvs peer med.
Modern Teacher LLCSeed$4.0M$136.3M2.36×
OneDine, LLCSeed$4.0M$136.3M2.36×
Pixobot, Inc.Seed$4.7M$136.3M2.36×
SubVRsive, Inc.Seed$4.0M$136.3M2.36×
Red Lambda, Inc.Seed$9.2M$136.3M2.36×
Lea, LlcSeed$4.0M$136.3M2.36×
Homebot, Inc.Seed$4.0M$136.3M2.36×
Watershed Systems, Inc.Seed$4.0M$136.3M2.36×
Bivarus, Inc.Seed$8.3M$136.3M2.36×
Salcido Enterprises, LLCSeed$5.1M$136.3M2.36×
RSV QOZB Rural, Inc.Seed$4.0M$136.3M2.36×
Punchbowl, Inc.Seed$5.6M$136.3M2.36×
Boulder Imaging, Inc. this companySeed$6.5M$8.5M0.15×
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.
Pre-Seed$1.0M2009-07-01$5.6M$42.4M85%
Pre-Seed$750K2011-05-03$4.2M$31.8M85%
Pre-Seed$400K2012-03-06$2.2M$16.9M85%
Pre-Seed$1.0M2013-04-09$5.6M$42.4M85%
Seed$1.1M2013-10-22$5.5M$37.5M85%
Seed$2.0M2014-05-07$10.0M$68.1M85%
Seed$250K2016-10-19$1.3M$8.5M90%
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. Pre-Seed$1.0M2009-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$750K2011-05-03
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 504).
    • 1 investor on this round.
  3. Pre-Seed$400K2012-03-06
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Pre-Seed$1.0M2013-04-09
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Seed$1.1M2013-10-22
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  6. Seed$2.0M2014-05-07
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Seed$250K2016-10-19
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 8.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~15mo cadence
$250K
Modeled next size est.range $250K$400K
0.1×
Last step-up
$890K/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
David Mayer5 other2012-03
Michael Willis3 other2012-03
Jack Pottle2 other2012-03
Michael A. Willis1 other2011-05
Bob Fanch2013-04
Carlos Joquera2011-05
Carlos Jorquera2009-07
C.N. Barney Carlson2009-07
David A. Mayer2011-05
Don Mills2013-04
Jack A. Pottle2011-05
Susan Downey2009-07
Registry & provenance

Boulder Imaging, 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
1462512
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.

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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
Modulated Imaging Inc.Other TechnologySeries A$194.2M89%
Consolidated Resource Imaging LLCOther TechnologyPre-Seed$4.7M87%
Vision III Imaging, Inc.Other TechnologySeries A$69.4M87%
Position Imaging, IncOther TechnologySeries B$88.1M87%
Advanced Scanners, Inc.Other TechnologySeries A$40.1M86%
Cognita Imaging, Inc.Other TechnologySeed$12.7M86%
ImageProVision, Inc.Other TechnologySeries A$67.2M85%
Vita Imaging Inc.Other TechnologyPre-Seed$40.2M85%
Frequently asked
How much funding has Boulder Imaging, Inc. raised?
Boulder Imaging, Inc. has raised approximately $6.5M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Boulder Imaging, Inc.'s estimated valuation?
Provath's modeled valuation for Boulder Imaging, Inc. is approximately $8.5M (modeled range $221K–$66.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Boulder Imaging, Inc. at?
Boulder Imaging, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Oct 19.
What does Boulder Imaging, Inc. do and where is it based?
Boulder Imaging, Inc. operates in the Other Technology sector, based in LOUISVILLE.
Explore related

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