Companies · Other Technology

CiDRA Holdings LLC

WALLINGFORD · Other Technology

Diligence memoA one-page analyst read on CiDRA Holdings LLC — recommendation, valuation, rhythm, risks.
$32.1M
Total raised · real
3
Rounds
1.8×
Latest step-up
Top 12%
Sector rank · raised
Series B
Latest stage · inferred · Tue Aug 29 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

CiDRA Holdings LLC looks fair against its niche peers and is at-risk 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.

Fair
  • Modeled value is 0.84× the median modeled value of Series B Other Technology companies in 2022–2024 (514 peers) — value vs value, same stage and era.
  • Within the normal band (84% of peer median) for its niche.
At-risk
  • Last raise 2.8 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

CiDRA Holdings LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
17.1 yr record
Peak capital year was 2023 with $18.1M across 1 filings.
Market position
ahead of 89% of Other Technology peers
Capital scale is ahead of 89% of Other Technology peers; modeled value is above 82% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2023: $18.1M across 1 filings.
  • Largest single filing was $18.1M on 2023-08-29.
  • Filing rows sum to $36.1M, while canonical raised total is $32.1M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Other Technology

CiDRA Holdings LLC is one of 21302 Other Technology companies tracked from WALLINGFORD. By capital raised it ranks in the upper tier (ahead of 89% of sector peers), and in the upper tier 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
15
Investors (latest)
2023-08-29
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$500MSeed · 2009-05-20 Raised $4.0M (real) Modeled valuation $136M (est)$4.0M$136MSeed2009Seed · 2009-05-20 Raised $4.0M (real) Modeled valuation $136M (est)$4.0M$136MSeed2009Series A · 2011-08-17 Raised $10.0M (real) Modeled valuation $277M (est)$10.0M$277MSeries A2011Series B · 2023-08-29 Raised $18M (real) Modeled valuation $182M (est)$18M$182MSeries B2023+$4.0M+$10.0M+$18MCumulative $36M

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
Seed$4.0M · 2009
Seed extension$4.0M · 2009
Series A$10.0M · 2011
Series B$18.1M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$181.5M
Base estimate est.
$44.3M
Conservative case
$381.7M
Upside case
$100.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $136.3M · 2009-05-202009Seed · modeled $136.3M · 2009-05-20Series A · modeled $277.4M · 2011-08-17Series B · modeled $181.5M · 2023-08-292023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
57 mo
Avg between rounds
$2.2M/yr
Capital velocity
17.1 yr
On record since
2009
First round
4
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 10× above median
This company$32.1M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$18.1M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 4.9× above median
This company$181.5M
Sector median$37.3M

Raised more than 89% of sector peers (real $). Modeled value above 82% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #309 of 514.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Contabilizei Co · Series B Raised $66.4M · modeled $708.5M (est)Skan, Inc. · Series B Raised $39.3M · modeled $685.3M (est)Design Barn Inc. · Series B Raised $37.0M · modeled $663.3M (est)SKAEL, Inc. · Series B Raised $37.9M · modeled $659.0M (est)Maze.Design, Inc. · Series B Raised $57.0M · modeled $650.4M (est)Infinity Stones Inc. · Series B Raised $78.9M · modeled $649.1M (est)GridX, Inc. · Series B Raised $54.7M · modeled $623.9M (est)Convictional, Inc. · Series B Raised $43.4M · modeled $609.3M (est)SourceDay, Inc. · Series B Raised $58.0M · modeled $599.9M (est)Xatabase, Inc. · Series B Raised $35.0M · modeled $596.6M (est)Concord SCC Ltd · Series B Raised $39.8M · modeled $585.6M (est)sovrn Holdings, Inc. · Series B Raised $80.4M · modeled $560.0M (est)CiDRA Holdings LLC (this company) Raised $32.1M · modeled $181.5M (est)CiDRA Holdings LLC
CompanyStageRaised · realValue · estvs peer med.
Contabilizei CoSeries B$66.4M$708.5M3.30×
Skan, Inc.Series B$39.3M$685.3M3.19×
Design Barn Inc.Series B$37.0M$663.3M3.09×
SKAEL, Inc.Series B$37.9M$659.0M3.07×
Maze.Design, Inc.Series B$57.0M$650.4M3.03×
Infinity Stones Inc.Series B$78.9M$649.1M3.02×
GridX, Inc.Series B$54.7M$623.9M2.90×
Convictional, Inc.Series B$43.4M$609.3M2.84×
SourceDay, Inc.Series B$58.0M$599.9M2.79×
Xatabase, Inc.Series B$35.0M$596.6M2.78×
Concord SCC LtdSeries B$39.8M$585.6M2.73×
sovrn Holdings, Inc.Series B$80.4M$560.0M2.61×
CiDRA Holdings LLC this companySeries B$32.1M$181.5M0.84×
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.
Seed$4.0M2009-05-20$20.0M$136.3M85%
Seed$4.0M2009-05-20$20.0M$136.3M85%
Series A$10.0M2011-08-17$45.5M$277.4M85%
Series B$18.1M2023-08-29$100.4M$181.5M90%
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. Seed$4.0M2009-05-20
    • First recorded raise — entered as Seed.
    • 59 investors on this round.
  2. Seed$4.0M2009-05-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  3. Series A$10.0M2011-08-17
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 82 investors on this round.
  4. Series B$18.1M2023-08-29
    • Raised again after 144 mo — slower than the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 15 investors on this round.
Intelligence
2028 ~Q2
Modeled next raise · ~57mo cadence
$32.7M
Modeled next size est.range $21.2M$52.3M
1.8×
Last step-up
$2.2M/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
F. Kevin Didden5 other2009-05
Steven Morrell2 other2009-05
Michael Grillo1 other2009-05
Michael Kevin Grillo1 other2011-08
Daniel Kevin Levy2023-08
David Huber2009-05
David Kevin Huber2011-08
David Kevin Vogel2011-08
Gary Hokunson2009-05
Gary Kevin Hokunson2011-08
Steven Kevin Morrell2011-08
Steven Vogel2009-05
Svein Eggen2009-05
Svein Kevin Eggen2011-08
Volker Kevin Mansfield2023-08
Registry & provenance

CiDRA Holdings LLC 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
1465412
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
Senseye, Inc.Other TechnologySeries B$32.1M$170.0Msame sector · same stage
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Cranium Al, Inc.Other TechnologySeries B$31.3M$188.5Msame sector · same stage
Dreeze, Inc.Other TechnologySeries B$33.0M$171.2Msame sector · same stage
OpenGamma, Inc.Other TechnologySeries B$31.1M$181.0Msame sector · same stage
Brandlive Inc.Other TechnologySeries B$33.2M$173.7Msame sector · same stage
Dough, Inc.Other TechnologySeries B$30.8M$176.9Msame sector · same stage
Ao1 Holdings Inc.Other TechnologySeries B$30.6M$182.4Msame sector · same stage
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
Sacra IncOther TechnologyPre-Seed$41.3M88%
Andra Capital Tokens Inc.Other TechnologySeed$44.3M85%
Cura Inc.Other TechnologyPre-Seed$275K85%
Netra, Inc.Other TechnologySeed$38.8M85%
Technocentra Group, Inc.Other TechnologySeed$16.3M85%
ROBRA Solutions LLCOther TechnologyPre-Seed$932K84%
Avanzo Holdings LLCOther TechnologyPre-Seed$16.9M84%
Zirra.Co Ltd.Other TechnologySeed$19.5M84%
Frequently asked
How much funding has CiDRA Holdings LLC raised?
CiDRA Holdings LLC has raised approximately $32.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is CiDRA Holdings LLC's estimated valuation?
Provath's modeled valuation for CiDRA Holdings LLC is approximately $181.5M (modeled range $44.3M–$381.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is CiDRA Holdings LLC at?
CiDRA Holdings LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Aug 29.
What does CiDRA Holdings LLC do and where is it based?
CiDRA Holdings LLC operates in the Other Technology sector, based in WALLINGFORD.
Explore related

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

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