Companies · Energy Conservation

Convergence Wireless, Inc.

CORONA DEL MAR · Energy Conservation

Diligence memoA one-page analyst read on Convergence Wireless, Inc. — recommendation, valuation, rhythm, risks.
$24.0M
Total raised · real
1
Rounds
1.5×
Latest step-up
Top 14%
Sector rank · raised
Series B
Latest stage · inferred · Sun Jul 01 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Convergence Wireless, Inc. has raised $24M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

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

Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 11 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Energy Conservation

Convergence Wireless, Inc. is one of 254 Energy Conservation companies tracked from CORONA DEL MAR. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and among the largest 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
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
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$250M$500M$750M$1.0BSeries B · 2017-07-01 Raised $16M (real) Modeled valuation $388M (est)$16M$388MSeries B2017Series B · 2018-07-01 Raised $24M (real) Modeled valuation $582M (est)$24M$582MSeries B2018+$24MCumulative $40M

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 B$16.0M · 2017
Series B extension$24.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$582.2M
Base estimate est.
$55.2M
Conservative case
$2.2B
Upside case
$133.3M
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 climate/enviro sector profile. Directional, not a quoted figure.

Series B · modeled $388.1M · 2017-07-012017Series B · modeled $582.2M · 2018-07-012018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
63%
Survival probability
41% low · 76% high
1.38×/yr
Annual markup
1.67×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$24.0M/yr
Capital velocity
9.0 yr
On record since
2017
First round
2
Rounds on file
How it compares to the market

Benchmarked against 254 companies in Energy Conservation. 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) 9.6× above median
This company$24.0M
Sector median$2.5M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.7× above median
This company$24.0M
Sector median$14.5M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$582.2M
Sector median$27.0M

Raised more than 87% of sector peers (real $). Modeled value above 96% 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.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Convergence Wireless, Inc. this companySeries B$24.0M$582.2M1.70×
Next Step Living, Inc.Series B$167.3M$102.0M0.30×
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 B$16.0M2017-07-01$88.9M$388.1M90%
Series B$24.0M2018-07-01$133.3M$582.2M90%
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 B$16.0M2017-07-01
    • First recorded raise — entered as Series B.
  2. Series B$24.0M2018-07-01
    • Raised 12 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
Intelligence
2019 ~Q3
Modeled next raise · ~12mo cadence
$36.0M
Modeled next size est.range $24.0M$57.6M
1.5×
Last step-up
$24.0M/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
Brian L. Sax2018-07
Enrique L. Zepeda2018-07
Jacob L. Zepeda2018-07
Rene L. Zepeda2018-07
Timothy L. Hirou2017-07
Registry & provenance

Convergence Wireless, 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
1723516
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
Oxccu Tech Ltd.Energy ConservationSeries B$22.2M$211.0Msame sector · same stage
Fuecotech, IncEnergy ConservationSeries B$21.1M$2.4Msame sector · same stage
Plas2Fuel CorpEnergy ConservationSeries B$28.5M$606.4Msame sector · same stage
75F, Inc.Energy ConservationSeries B$18.8M$14.0Msame sector · same stage
Ambient Photonics, Inc.Energy ConservationSeries B$31.1M$418.0Msame sector · same stage
Reel Solar, Inc.Energy ConservationSeries B$34.4M$97.0Msame sector · same stage
AQT Solar, Inc.Energy ConservationSeries B$35.0M$454.0Msame sector · same stage
Omnidian, Inc.Energy ConservationSeries B$36.4M$599.6Msame 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
Conectric Networks, LLCEnergy ConservationPre-Seed$24.2M83%
Digital Power-Optimization LLCEnergy ConservationPre-Seed$3.0M83%
Ambient Photonics, Inc.Energy ConservationSeries B$418.0M82%
Dualcore Energy, Inc.Energy ConservationPre-Seed$9.8M81%
Helix Earth Technologies, Inc.Energy ConservationSeries A$28.6M80%
Svante Technologies Inc.Energy ConservationSeries D+$34.0M79%
Enteligent Inc.Energy ConservationSeries A$53.8M79%
PlugOp Technologies Inc.Energy ConservationPre-Seed$337K79%
Frequently asked
How much funding has Convergence Wireless, Inc. raised?
Convergence Wireless, Inc. has raised approximately $24.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Convergence Wireless, Inc.'s estimated valuation?
Provath's modeled valuation for Convergence Wireless, Inc. is approximately $582.2M (modeled range $55.2M–$2.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Convergence Wireless, Inc. at?
Convergence Wireless, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Sun Jul 01.
What does Convergence Wireless, Inc. do and where is it based?
Convergence Wireless, Inc. operates in the Energy Conservation sector, based in CORONA DEL MAR.
Explore related

See where Convergence Wireless, 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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