Companies · Computers

Comprehend Systems, Inc.

REDWOOD CITY · Computers

Diligence memoA one-page analyst read on Comprehend Systems, Inc. — recommendation, valuation, rhythm, risks.
$64.2M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 5%
Sector rank · raised
Series B
Latest stage · inferred · Wed Feb 27 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Comprehend Systems, 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 software/compute 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 0.31× the median modeled value of Series B Computers companies in 2019–2021 (17 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.3 yr ago; this sector typically re-raises about every 12 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 Computers

Comprehend Systems, Inc. is one of 1370 Computers companies tracked from REDWOOD CITY. By capital raised it ranks among the largest (ahead of 96% 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
5
Investors (latest)
2019-02-27
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$500M$1.0B$1.5B$2.0BSeries A · 2013-06-28 Raised $8.5M (real) Modeled valuation $282M (est)Series A2013Series B · 2014-08-05 Raised $21M (real) Modeled valuation $763M (est)Series B2014Series B · 2014-08-05 Raised $21M (real) Modeled valuation $767M (est)Series B2014Series B · 2017-01-20 Raised $30M (real) Modeled valuation $1.1B (est)Series B2017Series A · 2017-01-20 Raised $15M (real) Modeled valuation $492M (est)Series A2017Series B · 2017-01-20 Raised $24M (real) Modeled valuation $880M (est)Series B2017Series B · 2017-01-20 Raised $15M (real) Modeled valuation $552M (est)Series B2017Series B · 2019-02-27 Raised $5.0M (real) Modeled valuation $182M (est)Series B2019+$21M+$21M+$30M+$15M+$24M+$15M+$5.0MCumulative $139M

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
Series A$8.5M · 2013
Series B$20.9M · 2014
Series B extension$21.0M · 2014
Series B extension$29.7M · 2017
Bridge · Series B-stage$14.8M · 2017smaller follow-on
Series B extension$24.1M · 2017
Series B extension$15.1M · 2017
Series B extension$5.0M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$182.3M
Base estimate est.
$12.5M
Conservative case
$701.8M
Upside case
$27.8M
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 software/compute sector profile. Directional, not a quoted figure.

Series A · modeled $282.3M · 2013-06-282013Series B · modeled $763.0M · 2014-08-05Series B · modeled $766.7M · 2014-08-05Series B · modeled $1.1B · 2017-01-20Series A · modeled $491.8M · 2017-01-20Series B · modeled $879.9M · 2017-01-20Series B · modeled $551.7M · 2017-01-20Series B · modeled $182.3M · 2019-02-272019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.46×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$11.3M/yr
Capital velocity
13.0 yr
On record since
2013
First round
8
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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) 34× above median
This company$64.2M
Sector median$1.9M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$5.0M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 5.5× above median
This company$182.3M
Sector median$33.0M

Raised more than 96% of sector peers (real $). Modeled value above 84% 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 #16 of 17.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Healthcombix Inc · Series B Raised $30.0M · modeled $1.1B (est)Commonwealth Foundation Ltd. · Series B Raised $30.0M · modeled $1.1B (est)Blue Sage Solutions LLC · Series B Raised $35.0M · modeled $1.1B (est)Nfn8 Group, Inc. · Series B Raised $51.6M · modeled $861.8M (est)Jiedy Group, Inc. · Series B Raised $20.0M · modeled $729.4M (est)EdgeImpulse Inc. · Series B Raised $52.8M · modeled $721.4M (est)Fyusion, Inc. · Series B Raised $57.1M · modeled $711.5M (est)DataChat Inc. · Series B Raised $29.0M · modeled $585.2M (est)CredoEx LLC · Series B Raised $15.9M · modeled $579.8M (est)zOS Global Ltd · Series B Raised $36.5M · modeled $550.1M (est)LiveSwitch Inc · Series B Raised $15.9M · modeled $469.4M (est)Zenput Inc. · Series B Raised $17.0M · modeled $401.2M (est)Comprehend Systems, Inc. (this company) Raised $64.2M · modeled $182.3M (est)Comprehend Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Healthcombix IncSeries B$30.0M$1.1B1.89×
Commonwealth Foundation Ltd.Series B$30.0M$1.1B1.89×
Blue Sage Solutions LLCSeries B$35.0M$1.1B1.84×
Nfn8 Group, Inc.Series B$51.6M$861.8M1.49×
Jiedy Group, Inc.Series B$20.0M$729.4M1.26×
EdgeImpulse Inc.Series B$52.8M$721.4M1.24×
Fyusion, Inc.Series B$57.1M$711.5M1.23×
DataChat Inc.Series B$29.0M$585.2M1.01×
CredoEx LLCSeries B$15.9M$579.8M1.00×
zOS Global LtdSeries B$36.5M$550.1M0.95×
LiveSwitch IncSeries B$15.9M$469.4M0.81×
Zenput Inc.Series B$17.0M$401.2M0.69×
Comprehend Systems, Inc. this companySeries B$64.2M$182.3M0.31×
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.
Series A$8.5M2013-06-28$38.6M$282.3M85%
Series B$20.9M2014-08-05$116.2M$763.0M85%
Series B$21.0M2014-08-05$116.8M$766.7M85%
Series B$29.7M2017-01-20$164.8M$1.1B90%
Series A$14.8M2017-01-20$67.3M$491.8M90%
Series B$24.1M2017-01-20$134.0M$879.9M90%
Series B$15.1M2017-01-20$84.0M$551.7M90%
Series B$5.0M2019-02-27$27.8M$182.3M90%
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. Series A$8.5M2013-06-28
    • First recorded raise — entered as Series A.
    • 29 investors on this round.
  2. Series B$20.9M2014-08-05
    • Raised 13 mo later, in step with the ~12 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 18 investors on this round.
  3. Series B$21.0M2014-08-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 21 investors on this round.
  4. Series B$29.7M2017-01-20
    • Raised again after 30 mo — slower than the ~12 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 15 investors on this round.
  5. Series A$14.8M2017-01-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  6. Series B$24.1M2017-01-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 14 investors on this round.
  7. Series B$15.1M2017-01-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  8. Series B$5.0M2019-02-27
    • Raised again after 25 mo — slower than the ~12 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 5 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~10mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
0.3×
Last step-up
$11.3M/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
Todd Rulon-Miller3 other2017-01
Kristopher Judson Koka2017-01
Mike Judson Dixon2017-01
Paul Judson Gardner2013-06
Paul V Gardner2014-08
Peter V Nieh2017-01
Richard V Morrison2013-06
Richard V Morrison, Jr.2017-01
Terence Judson Cunningham2017-01
Warren V Hogarth2013-06
Registry & provenance

Comprehend 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
1580984
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
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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
Comprehend PT Inc.ComputersSeed$7.5M90%
Sigma IQ, Inc.ComputersSeed$142.8M83%
Clarified Inc.Other TechnologyPre-Seed$6.8M81%
ScienceLogic, Inc.ComputersSeries C$377.0M81%
Intellectible, Inc.ComputersSeed$8.3M81%
MasteryConnect, Inc.ComputersSeries B$164.1M81%
Protech Systems Group, Inc.ComputersPre-Seed$46.0M81%
SpeakApp Inc.ComputersPre-Seed$25.4M80%
Frequently asked
How much funding has Comprehend Systems, Inc. raised?
Comprehend Systems, Inc. has raised approximately $64.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Comprehend Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Comprehend Systems, Inc. is approximately $182.3M (modeled range $12.5M–$701.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Comprehend Systems, Inc. at?
Comprehend Systems, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Feb 27.
What does Comprehend Systems, Inc. do and where is it based?
Comprehend Systems, Inc. operates in the Computers sector, based in REDWOOD CITY.
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