Companies · Healthtech

Ciel Medical, Inc.

San Carlos · Healthtech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Ciel Medical, Inc. — recommendation, valuation, rhythm, risks.
$2.1M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 62%
Sector rank · raised
Seed
Latest stage · inferred · Thu May 14 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

Ciel Medical, 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 healthtech 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 0.63× the median modeled value of Seed Healthtech companies in 2013–2015 (5 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.1 yr ago; this sector typically re-raises about every 14 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 Healthtech

Ciel Medical, Inc. is one of 2138 Healthtech companies tracked from San Carlos. By capital raised it ranks in the long tail (ahead of 39% of sector peers), and mid-pack 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
3
Investors (latest)
2012
Year incorporated
2015-05-14
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$13M$25M$38M$50MPre-Seed · 2014-02-10 Raised $733K (real) Modeled valuation $25M (est)$733K$25MPre-Seed2014Seed · 2015-05-14 Raised $1.4M (real) Modeled valuation $39M (est)$1.4M$39MSeed2015Pre-Seed · 2015-05-14 Raised $325K (real) Modeled valuation $11M (est)$325K$11MPre-Seed2015+$1.4M+$325KCumulative $2.4M

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
Pre-Seed$733K · 2014
Seed$1.4M · 2015
Bridge · Seed-stage$325K · 2015smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$38.5M
Base estimate est.
$1.2M
Conservative case
$302.4M
Upside case
$6.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the healthtech sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $25.3M · 2014-02-102014Seed · modeled $38.5M · 2015-05-14Pre-Seed · modeled $11.2M · 2015-05-142015
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 58% high
1.57×/yr
Annual markup
2.05×/yr upside case
6.0 yr
Elapsed time used
11.1 yr actual, capped for stale marks
healthtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$1.7M/yr
Capital velocity
12.4 yr
On record since
2014
First round
3
Rounds on file
How it compares to the market

Benchmarked against 2138 companies in Healthtech. 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) 0.5× of median
This company$2.1M
Sector median$4.5M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.2× of median
This company$325K
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 1.1× above median
This company$38.5M
Sector median$33.8M

Raised more than 39% of sector peers (real $). Modeled value above 57% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #4 of 5.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Leo Health, Inc. · Seed Raised $2.5M · modeled $69.3M (est)PhotoSonix Medical, Inc. · Seed Raised $2.4M · modeled $66.3M (est)Patient Identification Platform, Inc. · Seed Raised $2.2M · modeled $60.9M (est)Infina Connect Healthcare Systems, Inc. · Seed Raised $4.3M · modeled $17.6M (est)Ciel Medical, Inc. (this company) Raised $2.1M · modeled $38.5M (est)Ciel Medical, Inc.
CompanyStageRaised · realValue · estvs peer med.
Leo Health, Inc.Seed$2.5M$69.3M1.14×
PhotoSonix Medical, Inc.Seed$2.4M$66.3M1.09×
Patient Identification Platform, Inc.Seed$2.2M$60.9M1.00×
Ciel Medical, Inc. this companySeed$2.1M$38.5M0.63×
Infina Connect Healthcare Systems, Inc.Seed$4.3M$17.6M0.29×
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.
Pre-Seed$733K2014-02-10$4.1M$25.3M85%
Seed$1.4M2015-05-14$6.9M$38.5M90%
Pre-Seed$325K2015-05-14$1.8M$11.2M85%
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. Pre-Seed$733K2014-02-10
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$1.4M2015-05-14
    • Raised 15 mo later, in step with the ~14 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • 17 investors on this round.
  3. Pre-Seed$325K2015-05-14
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.3× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2015 ~Q4
Modeled next raise · ~8mo cadence
$325K
Modeled next size est.range $325K$520K
0.2×
Last step-up
$1.7M/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
Jay Watkins5 other2015-05
Beverly Huss3 other2015-05
Kate Garrett2 other2015-05
Dan Azagury2015-05
Dan Katherine Azagury2014-02
Jay Katherine Watkins2014-02
Mary Katherine Garrett2014-02
Registry & provenance

Ciel Medical, 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
1598994
SEC CIK
2012
Incorporated
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
Samo Health Inc.HealthtechSeed$2.1M$50.9Msame sector · same stage
Noble Life Residential Care, LLCHealthtechSeed$2.1M$27.7Msame sector · same stage
Novo Health Inc.HealthtechSeed$2.1M$43.5Msame sector · same stage
Mountain Air Medical LLCHealthtechSeed$2.1M$50.9Msame sector · same stage
Night Owl Medical, Inc.HealthtechSeed$2.1M$30.3Msame sector · same stage
Wellness Unlimited Holdings, LLCHealthtechSeed$2.1M$36.6Msame sector · same stage
Healthjump Inc.HealthtechSeed$2.2M$32.2Msame sector · same stage
Fresenius Medical Care Spring Cypress Home, LLCHealthtechSeed$2.1M$28.3Msame 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
Ciba Health, Inc.HealthtechSeries A$7.1M90%
Folx Health, Inc.HealthtechSeries B$355.7M86%
What About Health, Inc.HealthtechPre-Seed$7.6M86%
Revel Health, LLCHealthtechSeries B$433.2M86%
MediCall Inc.Other Health CarePre-Seed$7.3M86%
SIG Medical Corp.HealthtechSeed$55.5M84%
Healthstream IncHealthtechSeed$9.6M84%
Teal Health, Inc.HealthtechSeries B$140.1M84%
Frequently asked
How much funding has Ciel Medical, Inc. raised?
Ciel Medical, Inc. has raised approximately $2.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Ciel Medical, Inc.'s estimated valuation?
Provath's modeled valuation for Ciel Medical, Inc. is approximately $38.5M (modeled range $1.2M–$302.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ciel Medical, Inc. at?
Ciel Medical, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Thu May 14.
What does Ciel Medical, Inc. do and where is it based?
Ciel Medical, Inc. operates in the Healthtech sector, based in San Carlos.
Explore related

See where Ciel Medical, 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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