Companies · Software / Tech

Bridgeline Digital, Inc.

WOBURN · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Bridgeline Digital, Inc. — recommendation, valuation, rhythm, risks.
$35.0M
Total raised · real
18
Rounds
0.3×
Latest step-up
Top 14%
Sector rank · raised
Series A
Latest stage · inferred · Wed Mar 26 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Bridgeline Digital, Inc. looks under-valued against its niche peers and is active 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 0.14× the median modeled value of Series A Software / Tech companies in 2025–2027 (205 peers) — value vs value, same stage and era.
  • Issuer reports $5M–$25M revenue while modeled below niche peers.
Active
  • Last raise 15 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Software / Tech

Bridgeline Digital, Inc. is one of 3920 Software / Tech companies tracked from WOBURN. By capital raised it ranks in the upper tier (ahead of 87% 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
5
Investors (latest)
2025-03-26
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$125M$250M$375M$500MPre-Seed · 2010-07-09 Raised $675K (real) Modeled valuation $29M (est)Pre-Seed2010Pre-Seed · 2010-10-29 Raised $1.0M (real) Modeled valuation $42M (est)Pre-Seed · 2011-10-03 Raised $150K (real) Modeled valuation $6.4M (est)Pre-Seed2011Seed · 2012-05-24 Raised $2.5M (real) Modeled valuation $85M (est)Seed · 2012-05-31 Raised $526K (real) Modeled valuation $18M (est)Seed2012Seed · 2013-06-19 Raised $2.3M (real) Modeled valuation $78M (est)Seed · 2013-08-01 Raised $604K (real) Modeled valuation $21M (est)Seed2013Seed · 2013-09-25 Raised $3.0M (real) Modeled valuation $102M (est)Seed · 2013-09-25 Raised $2.0M (real) Modeled valuation $68M (est)Seed2013Seed · 2014-03-28 Raised $3.0M (real) Modeled valuation $104M (est)Seed · 2014-10-28 Raised $2.0M (real) Modeled valuation $68M (est)Seed2014Seed · 2015-10-13 Raised $665K (real) Modeled valuation $23M (est)Seed · 2016-07-01 Raised $2.0M (real) Modeled valuation $68M (est)Seed2016Seed · 2016-07-13 Raised $868K (real) Modeled valuation $30M (est)Seed · 2016-11-03 Raised $1.1M (real) Modeled valuation $37M (est)Seed2016Seed · 2018-09-07 Raised $941K (real) Modeled valuation $32M (est)Series A · 2019-02-27 Raised $10M (real) Modeled valuation $284M (est)Series A2019Series A · 2021-05-12 Raised $2.7M (real) Modeled valuation $53M (est)Series A · 2025-03-26 Raised $720K (real) Modeled valuation $2.9M (est)Series A2025Cumulative $37M

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$675K · 2010
Pre-Seed extension$1.0M · 2010
Pre-Seed extension$150K · 2011
Seed$2.5M · 2012
Seed extension$526K · 2012
Seed extension$2.3M · 2013
Seed extension$604K · 2013
Seed extension$3.0M · 2013
Seed extension$2.0M · 2013
Seed extension$3.0M · 2014
Seed extension$2.0M · 2014
Seed extension$665K · 2015
Seed extension$2.0M · 2016
Seed extension$868K · 2016
Seed extension$1.1M · 2016
Seed extension$941K · 2018
Series A$10.2M · 2019
Series A extension$2.7M · 2021
Series A extension$720K · 2025

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

Modeled valuation trajectory
$2.9M
Base estimate est.
$963K
Conservative case
$5.4M
Upside case
$3.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $28.6M · 2010-07-092010Pre-Seed · modeled $42.4M · 2010-10-29Pre-Seed · modeled $6.4M · 2011-10-03Seed · modeled $85.2M · 2012-05-24Seed · modeled $17.9M · 2012-05-31Seed · modeled $78.4M · 2013-06-19Seed · modeled $20.6M · 2013-08-01Seed · modeled $102.2M · 2013-09-25Seed · modeled $68.1M · 2013-09-25Seed · modeled $103.6M · 2014-03-28Seed · modeled $68.1M · 2014-10-28Seed · modeled $22.7M · 2015-10-13Seed · modeled $68.1M · 2016-07-01Seed · modeled $29.6M · 2016-07-13Seed · modeled $37.2M · 2016-11-03Seed · modeled $32.1M · 2018-09-07Series A · modeled $283.7M · 2019-02-27Series A · modeled $52.9M · 2021-05-12Series A · modeled $2.9M · 2025-03-262025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$2.4M/yr
Capital velocity
16.0 yr
On record since
2010
First round
19
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 7.6× above median
This company$35.0M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$720K
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.9M
Sector median$36.6M

Raised more than 87% of sector peers (real $). Modeled value above 11% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #196 of 205.

This companyCohort peer
$1.0M$10.0M$100.0M$10.0M$100.0MCapital raised (log)Integrity Labs, Inc. · Series A Raised $15.0M · modeled $62.7M (est)Volteras Technologies, Inc. · Series A Raised $14.6M · modeled $59.5M (est)Unto Labs, Inc. · Series A Raised $14.4M · modeled $57.8M (est)Veda Tech Labs Inc. · Series A Raised $18.0M · modeled $57.2M (est)Caliber Labs, PBC · Series A Raised $14.4M · modeled $53.9M (est)Doji Labs, Inc. · Series A Raised $13.6M · modeled $53.0M (est)KEA Cloud, Inc. · Series A Raised $13.7M · modeled $52.2M (est)CherryCircle Software, Inc. · Series A Raised $32.4M · modeled $52.0M (est)Blacksmith Software Inc. · Series A Raised $13.6M · modeled $51.4M (est)Frenzy Crop Systems, Inc. · Series A Raised $13.6M · modeled $51.3M (est)Million Software, Inc. · Series A Raised $13.6M · modeled $51.2M (est)TAU Systems Inc. · Series A Raised $12.5M · modeled $51.0M (est)Bridgeline Digital, Inc. (this company) Raised $35.0M · modeled $2.9M (est)Bridgeline Digital, Inc.
CompanyStageRaised · realValue · estvs peer med.
Integrity Labs, Inc.Series A$15.0M$62.7M2.97×
Volteras Technologies, Inc.Series A$14.6M$59.5M2.82×
Unto Labs, Inc.Series A$14.4M$57.8M2.74×
Veda Tech Labs Inc.Series A$18.0M$57.2M2.71×
Caliber Labs, PBCSeries A$14.4M$53.9M2.56×
Doji Labs, Inc.Series A$13.6M$53.0M2.52×
KEA Cloud, Inc.Series A$13.7M$52.2M2.48×
CherryCircle Software, Inc.Series A$32.4M$52.0M2.47×
Blacksmith Software Inc.Series A$13.6M$51.4M2.44×
Frenzy Crop Systems, Inc.Series A$13.6M$51.3M2.43×
Million Software, Inc.Series A$13.6M$51.2M2.43×
TAU Systems Inc.Series A$12.5M$51.0M2.42×
Bridgeline Digital, Inc. this companySeries A$35.0M$2.9M0.14×
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$675K2010-07-09$3.8M$28.6M85%
Pre-Seed$1.0M2010-10-29$5.6M$42.4M85%
Pre-Seed$150K2011-10-03$833K$6.4M85%
Seed$2.5M2012-05-24$12.5M$85.2M85%
Seed$526K2012-05-31$2.6M$17.9M85%
Seed$2.3M2013-06-19$11.5M$78.4M85%
Seed$604K2013-08-01$3.0M$20.6M85%
Seed$3.0M2013-09-25$15.0M$102.2M85%
Seed$2.0M2013-09-25$10.0M$68.1M85%
Seed$3.0M2014-03-28$15.2M$103.6M85%
Seed$2.0M2014-10-28$10.0M$68.1M85%
Seed$665K2015-10-13$3.3M$22.7M85%
Seed$2.0M2016-07-01$10.0M$68.1M85%
Seed$868K2016-07-13$4.3M$29.6M85%
Seed$1.1M2016-11-03$5.5M$37.2M90%
Seed$941K2018-09-07$4.7M$32.1M90%
Series A$10.2M2019-02-27$46.5M$283.7M90%
Series A$2.7M2021-05-12$12.3M$52.9M90%
Series A$720K2025-03-26$3.3M$2.9M90%
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$675K2010-07-09
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$1.0M2010-10-29
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 10 investors on this round.
  3. Pre-Seed$150K2011-10-03
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 6.7× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Seed$2.5M2012-05-24
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 16.7× larger than the prior — scaling up.
    • 64 investors on this round.
  5. Seed$526K2012-05-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Seed$2.3M2013-06-19
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
    • 43 investors on this round.
  7. Seed$604K2013-08-01
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  8. Seed$3.0M2013-09-25
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 32 investors on this round.
  9. Seed$2.0M2013-09-25
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  10. Seed$3.0M2014-03-28
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 49 investors on this round.
  11. Seed$2.0M2014-10-28
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 41 investors on this round.
  12. Seed$665K2015-10-13
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  13. Seed$2.0M2016-07-01
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
  14. Seed$868K2016-07-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  15. Seed$1.1M2016-11-03
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  16. Seed$941K2018-09-07
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 6 investors on this round.
  17. Series A$10.2M2019-02-27
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 10.9× larger than the prior — scaling up.
    • 70 investors on this round.
  18. Series A$2.7M2021-05-12
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 3.8× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  19. Series A$720K2025-03-26
    • Raised again after 46 mo — slower than the ~13 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~10mo cadence
$720K
Modeled next size est.range $720K$1.2M
0.3×
Last step-up
$2.4M/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
Michael N Taglich7 other2013-09
Michael Taglich6 other2019-02
Michael L. Taglich2 other2014-10
Robert F. Taglich2 other2016-07
Robert D. Taglich1 other2016-07
Roger Kahn1 other2018-09
Brandon Ross2025-03
Brett S Zucker2011-10
Carole Tyner2019-02
John L Cavalier2010-07
Joni D. Kahn2013-08
Joni F. Kahn2016-07
Joni Kahn2019-02
Joni S Kahn2012-05
Kenneth D. Galaznik2013-08
Kenneth F. Galaznik2016-07
Kenneth Galaznik2019-02
Kenneth L Galaznik2010-07
Kenneth S. Galaznick2013-09
Kenneth S Galaznik2012-05
Mark Downey2021-05
Michael D Prinn2011-10
Michael D. Taglich2016-07
Michael Ketslakh2025-03
Registry & provenance

Bridgeline Digital, 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
1378590
SEC CIK
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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
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Frequently asked
How much funding has Bridgeline Digital, Inc. raised?
Bridgeline Digital, Inc. has raised approximately $35.0M in disclosed capital across 18 recorded financing rounds, aggregated from public filings.
What is Bridgeline Digital, Inc.'s estimated valuation?
Provath's modeled valuation for Bridgeline Digital, Inc. is approximately $2.9M (modeled range $963K–$5.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bridgeline Digital, Inc. at?
Bridgeline Digital, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Mar 26.
What does Bridgeline Digital, Inc. do and where is it based?
Bridgeline Digital, Inc. operates in the Software / Tech sector, based in WOBURN.
Explore related

See where Bridgeline Digital, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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