Diligence memo · auto-generated · as of July 2, 2026
Code Ocean, Inc.
Code Ocean, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Code Ocean, Inc. operates in Other, based in NEW YORK.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Code Ocean, Inc. has raised $36M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $17M on 2022-03-25.
Most recent recorded round closed around 2022-03-25.
Valuation (modeled)modeled
Provath models Code Ocean, Inc. at approximately $179M (range $41M–$495M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.14× the median modeled value of Series B Other companies in 2022–2024 (465 peers) — value vs value, same stage and era. Within the normal band (114% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 8.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Other peers (25008 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: Ever/Body, Inc., Financeware Holdings LLC, American Cricket Enterprises Inc., Xlerate Ultimate Holdings, Lp, MDME Ultimate Holdings, LP.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.