Diligence memo · auto-generated · as of July 2, 2026
Cargo Systems Inc.
Cargo Systems Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Cargo Systems Inc. operates in Software / Tech, based in Hawthorne.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Cargo Systems Inc. has raised $37M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $22M on 2018-09-07.
Most recent recorded round closed around 2025-05-07.
Valuation (modeled)modeled
Provath models Cargo Systems Inc. at approximately $11M (range $4.9M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Series B Software / Tech companies in 2025–2027 (95 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 14 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 2.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 88% of Software / Tech peers (3920 compared).
Modeled value ranks above 28% of those peers.
Closest niche peers: Machina Labs, Inc., Metaview Technologies Inc., Felix Technologies Inc., Foxglove Technologies Inc., NetBox Labs, Inc..
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.