Diligence memo · auto-generated · as of July 2, 2026
Casa Systems Inc
Casa Systems Inc looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Casa Systems Inc operates in Other Technology, based in Andover.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Casa Systems Inc has raised $100M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $96M on 2010-04-26.
Most recent recorded round closed around 2010-04-26.
Valuation (modeled)modeled
Provath models Casa Systems Inc at approximately $3.0B (range $366M–$8.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.91× the median modeled value of Series C Other Technology companies in 2010–2012 (61 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 16.2 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 30.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 97% of Other Technology peers (21302 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Workday, Inc., Electronic Arts Inc., Auction.com, LLC, Soraa Inc, NanoInk, Inc.
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.