Companies · Software / Tech

Built Technologies, Inc.

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

Diligence memoA one-page analyst read on Built Technologies, Inc. — recommendation, valuation, rhythm, risks.
$277.6M
Total raised · real
5
Rounds
0.2×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Built Technologies, 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 0.21× the median modeled value of Series D+ Software / Tech companies in 2022–2024 (29 peers) — value vs value, same stage and era.
Dormant
  • Last raise 4.0 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 Software / Tech

Built Technologies, Inc. is one of 3920 Software / Tech companies tracked from NASHVILLE. By capital raised it ranks among the largest (ahead of 99% 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
18
Investors (latest)
2022-06-30
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 B · 2017-10-18 Raised $21M (real) Modeled valuation $628M (est)$21M$628MSeries B2017Series B · 2019-03-14 Raised $24M (real) Modeled valuation $733M (est)$24M$733MSeries B2019Series C · 2020-12-15 Raised $88M (real) Modeled valuation $2.4B (est)$88M$2.4BSeries C2020Series C · 2020-12-15 Raised $88M (real) Modeled valuation $2.4B (est)$88M$2.4BSeries C2020Series D+ · 2021-09-16 Raised $121M (real) Modeled valuation $2.8B (est)$121M$2.8BSeries D+2021Series D+ · 2022-06-30 Raised $24M (real) Modeled valuation $451M (est)$24M$451MSeries D+2022+$24M+$88M+$88M+$121M+$24MCumulative $365M

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 B$20.6M · 2017
Series B extension$24.1M · 2019
Series C$87.6M · 2020
Series C extension$87.7M · 2020
Series D+$121.5M · 2021
Series D+ extension$23.6M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$451.0M
Base estimate est.
$131.2M
Conservative case
$786.9M
Upside case
$196.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $628.1M · 2017-10-182017Series B · modeled $733.2M · 2019-03-14Series C · modeled $2.4B · 2020-12-15Series C · modeled $2.4B · 2020-12-15Series D+ · modeled $2.8B · 2021-09-16Series D+ · modeled $451.0M · 2022-06-302022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$59.1M/yr
Capital velocity
8.7 yr
On record since
2017
First round
6
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) 60× above median
This company$277.6M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$23.6M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 12× above median
This company$451.0M
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 90% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #27 of 29.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Uniphore Technologies Inc. · Series D+ Raised $594.9M · modeled $7.7B (est)Capital Integration Systems LLC · Series D+ Raised $392.9M · modeled $7.3B (est)Remote Technology, Inc. · Series D+ Raised $310.1M · modeled $6.2B (est)Starburst Data, Inc. · Series D+ Raised $250.0M · modeled $5.3B (est)Aleo Systems Inc. · Series D+ Raised $221.2M · modeled $4.2B (est)Matter Labs · Series D+ Raised $252.0M · modeled $3.5B (est)Material Technologies Corp · Series D+ Raised $221.5M · modeled $3.4B (est)Mammoth Admin & Tech, LLC · Series D+ Raised $270.0M · modeled $3.4B (est)R Software Inc. · Series D+ Raised $242.0M · modeled $3.0B (est)Renew Tech One Ltd · Series D+ Raised $200.0M · modeled $2.7B (est)Monad Labs, Inc. · Series D+ Raised $258.4M · modeled $2.7B (est)Altana Technologies, Inc. · Series D+ Raised $344.1M · modeled $2.5B (est)Built Technologies, Inc. (this company) Raised $277.6M · modeled $451.0M (est)Built Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Uniphore Technologies Inc.Series D+$594.9M$7.7B3.56×
Capital Integration Systems LLCSeries D+$392.9M$7.3B3.36×
Remote Technology, Inc.Series D+$310.1M$6.2B2.83×
Starburst Data, Inc.Series D+$250.0M$5.3B2.43×
Aleo Systems Inc.Series D+$221.2M$4.2B1.93×
Matter LabsSeries D+$252.0M$3.5B1.61×
Material Technologies CorpSeries D+$221.5M$3.4B1.58×
Mammoth Admin & Tech, LLCSeries D+$270.0M$3.4B1.57×
R Software Inc.Series D+$242.0M$3.0B1.38×
Renew Tech One LtdSeries D+$200.0M$2.7B1.26×
Monad Labs, Inc.Series D+$258.4M$2.7B1.23×
Altana Technologies, Inc.Series D+$344.1M$2.5B1.16×
Built Technologies, Inc. this companySeries D+$277.6M$451.0M0.21×
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 B$20.6M2017-10-18$114.6M$628.1M90%
Series B$24.1M2019-03-14$133.8M$733.2M90%
Series C$87.6M2020-12-15$584.3M$2.4B90%
Series C$87.7M2020-12-15$584.9M$2.4B90%
Series D+$121.5M2021-09-16$1.0B$2.8B90%
Series D+$23.6M2022-06-30$196.8M$451.0M90%
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 B$20.6M2017-10-18
    • First recorded raise — entered as Series B.
    • 14 investors on this round.
  2. Series B$24.1M2019-03-14
    • Raised 17 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  3. Series C$87.6M2020-12-15
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 3.6× larger than the prior — scaling up.
    • 25 investors on this round.
  4. Series C$87.7M2020-12-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  5. Series D+$121.5M2021-09-16
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 20 investors on this round.
  6. Series D+$23.6M2022-06-30
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 5.1× smaller than the prior — bridge or down round.
    • 18 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~11mo cadence
$23.6M
Modeled next size est.range $23.6M$37.8M
0.2×
Last step-up
$59.1M/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 Gilbert3 other2021-09
Mark Goldberg3 other2021-09
Jamie Ikerd1 other2021-09
Christopher Chase Marshall2022-06
Christopher Thomas Dawe2019-03
David Chase Gilbert2017-10
Fixel Lee2021-09
Frank Chase Ghali2022-06
Frank Ghali2021-09
Frank Thomas Ghali2019-03
Jamie Chase Ikerd2020-12
Lee Chase Fixel2022-06
Mark Chase Goldberg2022-06
Mark Thomas Goldberg2017-10
Michael Brandon Jarnigan2017-10
Scott Chase Sohr2022-06
Scott Sohr2021-09
Scott Thomas Sohr2017-10
Registry & provenance

Built Technologies, 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
1721250
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
Motive Technologies, Inc.Software / TechSeries D+$408.0M$1.4Bnetwork1 shared operator · same sector · same stage
Powerup Technology Inc.Software / TechSeries D+$277.0M$588.0Msame sector · same stage
Uptake Technologies, Inc.Software / TechSeries D+$255.3M$657.4Msame sector · same stage
ICON Technology, Inc.Software / TechSeries D+$474.8M$557.6Msame sector · same stage
ABL Space Systems CoSoftware / TechSeries D+$480.3M$537.1Msame sector · same stage
Ostendo Technologies, Inc.Software / TechSeries C$202.1M$573.7Msame sector
Placer Labs, Inc.Software / TechSeries C$197.3M$505.3Msame sector
Medicine Man Technologies, Inc.Software / TechSeries C$197.1M$214.8Msame sector
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
Buildup Technologies Inc.Software / TechSeries A$159.3M89%
BuildDirect.com Technologies Inc.Software / TechSeries A$11.3M88%
BuildStream Technologies Inc.Software / TechPre-Seed$17.0M87%
STACK Construction Technologies, Inc.Software / TechSeries B$15.3M87%
Meta Construction Technologies, LLCSoftware / TechPre-Seed$4.0M86%
Outbuild Technologies, Inc.Software / TechSeries A$65.8M86%
Innovative Construction Technology Enterprises, Inc.Software / TechPre-Seed$8.0M86%
Buildable App Corp.Software / TechPre-Seed$1.6M86%
Frequently asked
How much funding has Built Technologies, Inc. raised?
Built Technologies, Inc. has raised approximately $277.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Built Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Built Technologies, Inc. is approximately $451.0M (modeled range $131.2M–$786.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Built Technologies, Inc. at?
Built Technologies, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Jun 30.
What does Built Technologies, Inc. do and where is it based?
Built Technologies, Inc. operates in the Software / Tech sector, based in NASHVILLE.
Explore related

See where Built Technologies, 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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