Companies · Manufacturing

Cirrus Systems, Inc.

Portsmouth · Manufacturing

Diligence memoA one-page analyst read on Cirrus Systems, Inc. — recommendation, valuation, rhythm, risks.
$4.3M
Total raised · real
2
Rounds
13.3×
Latest step-up
Top 37%
Sector rank · raised
Seed
Latest stage · inferred · Mon Dec 04 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Cirrus Systems, Inc. looks over-valued 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 manufacturing sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 2.08× the median modeled value of Seed Manufacturing companies in 2022–2024 (161 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.6 yr ago; this sector typically re-raises about every 12 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Manufacturing

Cirrus Systems, Inc. is one of 3256 Manufacturing companies tracked from Portsmouth. By capital raised it ranks mid-pack (ahead of 64% 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
6
Investors (latest)
2023-12-04
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$5.0M$10M$15M$20MPre-Seed · 2012-10-08 Raised $300K (real) Modeled valuation $4.6M (est)$300K$4.6MPre-Seed2012Seed · 2023-12-04 Raised $4.0M (real) Modeled valuation $18M (est)$4.0M$18MSeed2023+$4.0MCumulative $4.3M

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$300K · 2012
Seed$4.0M · 2023

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

Modeled valuation trajectory
$17.6M
Base estimate est.
$3.7M
Conservative case
$54.7M
Upside case
$20.0M
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 manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.6M · 2012-10-082012Seed · modeled $17.6M · 2023-12-042023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
2.6 yr
Elapsed time used
2.6 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
134 mo
Avg between rounds
$386K/yr
Capital velocity
13.7 yr
On record since
2012
First round
2
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. 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) 2.1× above median
This company$4.3M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 2.5× above median
This company$4.0M
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 1.5× above median
This company$17.6M
Sector median$12.0M

Raised more than 64% of sector peers (real $). Modeled value above 61% 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 #16 of 161.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)Three Rivers Preferred Group LLC · Seed Raised $4.0M · modeled $29.6M (est)Thelma's, L.L.C. · Seed Raised $3.8M · modeled $27.7M (est)Mills Products, LLC · Seed Raised $3.8M · modeled $26.2M (est)Unity Laundry Systems Corp · Seed Raised $4.0M · modeled $25.8M (est)Ohio Heat Holdings LLC · Seed Raised $3.8M · modeled $25.6M (est)VMC Acquisition Co LLC · Seed Raised $2.9M · modeled $21.7M (est)LightningCath, Inc. · Seed Raised $3.0M · modeled $21.6M (est)Smede Son Holding Co LLC · Seed Raised $3.6M · modeled $20.9M (est)Total Advantage LLC · Seed Raised $3.5M · modeled $20.4M (est)Applied Bioplastics Corp. · Seed Raised $4.0M · modeled $20.3M (est)World Matcha Inc. · Seed Raised $5.6M · modeled $19.7M (est)Cotsworks, Inc. · Seed Raised $2.9M · modeled $19.6M (est)Cirrus Systems, Inc. (this company) Raised $4.3M · modeled $17.6M (est)Cirrus Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Three Rivers Preferred Group LLCSeed$4.0M$29.6M3.49×
Thelma's, L.L.C.Seed$3.8M$27.7M3.26×
Mills Products, LLCSeed$3.8M$26.2M3.09×
Unity Laundry Systems CorpSeed$4.0M$25.8M3.04×
Ohio Heat Holdings LLCSeed$3.8M$25.6M3.01×
VMC Acquisition Co LLCSeed$2.9M$21.7M2.56×
LightningCath, Inc.Seed$3.0M$21.6M2.55×
Smede Son Holding Co LLCSeed$3.6M$20.9M2.47×
Total Advantage LLCSeed$3.5M$20.4M2.40×
Applied Bioplastics Corp.Seed$4.0M$20.3M2.40×
World Matcha Inc.Seed$5.6M$19.7M2.32×
Cotsworks, Inc.Seed$2.9M$19.6M2.31×
Cirrus Systems, Inc. this companySeed$4.3M$17.6M2.08×
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$300K2012-10-08$1.7M$4.6M85%
Seed$4.0M2023-12-04$20.0M$17.6M90%
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$300K2012-10-08
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$4.0M2023-12-04
    • Raised again after 134 mo — slower than the ~12 mo sector norm.
    • Round 13.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 6 investors on this round.
Intelligence
2035 ~Q1
Modeled next raise · ~134mo cadence
$12.0M
Modeled next size est.range $7.8M$19.2M
13.3×
Last step-up
$386K/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
William Collins4 other2023-12
David Kassling1 other2023-12
Robin Chiang2023-12
S. David Rycyna III2023-12
Stephen David Rycyna III2012-10
William David Collins2012-10
Registry & provenance

Cirrus Systems, 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
1560122
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
Catoctin Creek Distilling Company, LLCManufacturingSeed$4.3M$17.9Msame sector · same stage
Bio Huma Netics, Inc.ManufacturingSeed$4.2M$16.6Msame sector · same stage
Seal The Seasons, Inc.ManufacturingSeed$4.5M$14.7Msame sector · same stage
Noops, Inc.ManufacturingSeed$4.5M$17.3Msame sector · same stage
Applied Bioplastics Corp.ManufacturingSeed$4.0M$20.3Msame sector · same stage
Cfv Innovations, Inc.ManufacturingSeed$4.0M$14.7Msame sector · same stage
TruSox LLCManufacturingSeed$4.7M$18.4Msame sector · same stage
Natural Food Works, LLCManufacturingSeed$4.7M$18.4Msame 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
Cirrus Data Solutions, Inc.ComputersSeed$48.4M85%
Xirrus IncOther TechnologySeries B$18.6M82%
Incodema3D Holdings, Inc.ManufacturingSeries A$7.1M82%
Nimbus Eco, Inc.ManufacturingPre-Seed$2.9M81%
Csw Industrials, Inc.ManufacturingSeries C$28.9M81%
Nimbus Av, Inc.ManufacturingPre-Seed$4.0M81%
Engineered Propulsion Systems, Inc.ManufacturingSeries A$20.0M80%
SioTeX CorpManufacturingSeed$16.2M80%
Frequently asked
How much funding has Cirrus Systems, Inc. raised?
Cirrus Systems, Inc. has raised approximately $4.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Cirrus Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Cirrus Systems, Inc. is approximately $17.6M (modeled range $3.7M–$54.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Cirrus Systems, Inc. at?
Cirrus Systems, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Dec 04.
What does Cirrus Systems, Inc. do and where is it based?
Cirrus Systems, Inc. operates in the Manufacturing sector, based in Portsmouth.
Explore related

See where Cirrus Systems, 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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