Diligence memo · auto-generated · as of July 2, 2026
CardoO
CardoO looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
CardoO operates in Hardware / Semiconductors, based in Africa. Egyptian Internet of Things (IoT) startup CardoO has raised a US$660,000 seed round of funding to help it achieve its goal of becoming the leading Arab brand for premium and price-effective smart devices.
Sub-sector tags: hardware/semi.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
CardoO has raised $660K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $660K on 2022-10-10.
Most recent recorded round closed around 2022-10-10.
Valuation (modeled)modeled
Provath models CardoO at approximately $5.4M (range $564K–$23M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.53× the median modeled value of Seed Hardware / Semiconductors companies in 2022–2024 (8 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.7 yr ago; this sector typically re-raises about every 16 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 54% of Hardware / Semiconductors peers (130 compared).
Modeled value ranks above 55% of those peers.
Closest niche peers: Radical Semiconductor, Inc., Lightning Silicon Technology, Inc., Silicon Vistas 113 LLC, Cerebrum Sensor Technologies Inc., Gricd.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.