Companies · Cybersecurity

Corax Cyber Security Holdings Ltd

LONDON · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Corax Cyber Security Holdings Ltd — recommendation, valuation, rhythm, risks.
$7.9M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 35%
Sector rank · raised
Seed
Latest stage · inferred · Tue Oct 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Corax Cyber Security Holdings Ltd 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 cybersecurity 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 0.46× the median modeled value of Seed Cybersecurity companies in 2019–2021 (12 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.8 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Corax Cyber Security Holdings Ltd behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
10.1 yr record
Peak capital year was 2017 with $3.6M across 2 filings.
Market position
ahead of 66% of Cybersecurity peers
Capital scale is ahead of 66% of Cybersecurity peers; modeled value is above 43% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2017: $3.6M across 2 filings.
  • Largest single filing was $2.7M on 2017-07-27.
  • Filing rows sum to $8.8M, while canonical raised total is $7.9M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Cybersecurity

Corax Cyber Security Holdings Ltd is one of 270 Cybersecurity companies tracked from LONDON. By capital raised it ranks mid-pack (ahead of 66% 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.

cybersecurity

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019-10-01
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$50M$100M$150M$200MPre-Seed · 2016-05-09 Raised $950K (real) Modeled valuation $46M (est)$950K$46MPre-Seed2016Seed · 2016-11-09 Raised $1.8M (real) Modeled valuation $68M (est)$1.8M$68MSeed2016Seed · 2017-07-27 Raised $2.7M (real) Modeled valuation $103M (est)$2.7M$103MSeed2017Pre-Seed · 2017-07-27 Raised $950K (real) Modeled valuation $46M (est)$950K$46MPre-Seed2017Seed · 2018-12-05 Raised $2.0M (real) Modeled valuation $77M (est)$2.0M$77MSeed2018Seed · 2019-10-01 Raised $500K (real) Modeled valuation $19M (est)$500K$19MSeed2019+$1.8M+$2.7M+$950K+$2.0M+$500KCumulative $8.8M

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$950K · 2016
Seed$1.8M · 2016
Seed extension$2.7M · 2017
Bridge · Seed-stage$950K · 2017smaller follow-on
Seed extension$2.0M · 2018
Seed extension$500K · 2019

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

Modeled valuation trajectory
$19.3M
Base estimate est.
$450K
Conservative case
$151.8M
Upside case
$2.5M
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 cybersecurity sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $45.7M · 2016-05-092016Seed · modeled $67.7M · 2016-11-09Seed · modeled $103.1M · 2017-07-27Pre-Seed · modeled $45.7M · 2017-07-27Seed · modeled $77.4M · 2018-12-05Seed · modeled $19.3M · 2019-10-012019
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.64×/yr
Annual markup
2.15×/yr upside case
6.0 yr
Elapsed time used
6.8 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$2.3M/yr
Capital velocity
10.1 yr
On record since
2016
First round
6
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. 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) 1.3× above median
This company$7.9M
Sector median$6.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$500K
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$19.3M
Sector median$45.4M

Raised more than 66% of sector peers (real $). Modeled value above 43% 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 #11 of 12.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$100K$1.0M$10.0MCapital raised (log)Cyber Reconnaissance, Inc. · Seed Raised $5.3M · modeled $136.7M (est)CyberFortress, Inc. · Seed Raised $3.2M · modeled $123.8M (est)CyberQuay Inc. · Seed Raised $3.0M · modeled $116.1M (est)Oso Security Inc. · Seed Raised $2.7M · modeled $106.2M (est)SecureAire, Inc. · Seed Raised $3.0M · modeled $92.8M (est)Cyber Pop-Up Inc. · Seed Raised $2.3M · modeled $42.6M (est)Cloud Application Security Inc. · Seed Raised $1.1M · modeled $41.6M (est)John-Ross Securities Global, LLC · Seed Raised $1.6M · modeled $36.3M (est)Attila Security, Inc. · Seed Raised $3.3M · modeled $24.1M (est)Qikfox Cybersecurity Systems, Inc. · Seed Raised $1.1M · modeled $21.6M (est)American Secure Living Inc. · Seed Raised $3.7M · modeled $4.0M (est)Corax Cyber Security Holdings Ltd (this company) Raised $7.9M · modeled $19.3M (est)Corax Cyber Security Holdings Ltd
CompanyStageRaised · realValue · estvs peer med.
Cyber Reconnaissance, Inc.Seed$5.3M$136.7M3.25×
CyberFortress, Inc.Seed$3.2M$123.8M2.94×
CyberQuay Inc.Seed$3.0M$116.1M2.76×
Oso Security Inc.Seed$2.7M$106.2M2.52×
SecureAire, Inc.Seed$3.0M$92.8M2.21×
Cyber Pop-Up Inc.Seed$2.3M$42.6M1.01×
Cloud Application Security Inc.Seed$1.1M$41.6M0.99×
John-Ross Securities Global, LLCSeed$1.6M$36.3M0.86×
Attila Security, Inc.Seed$3.3M$24.1M0.57×
Qikfox Cybersecurity Systems, Inc.Seed$1.1M$21.6M0.51×
Corax Cyber Security Holdings Ltd this companySeed$7.9M$19.3M0.46×
American Secure Living Inc.Seed$3.7M$4.0M0.10×
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$950K2016-05-09$5.3M$45.7M90%
Seed$1.8M2016-11-09$8.8M$67.7M90%
Seed$2.7M2017-07-27$13.3M$103.1M90%
Pre-Seed$950K2017-07-27$5.3M$45.7M90%
Seed$2.0M2018-12-05$10.0M$77.4M90%
Seed$500K2019-10-01$2.5M$19.3M90%
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. Pre-Seed$950K2016-05-09
    • First recorded raise — entered as Pre-Seed.
    • 8 investors on this round.
  2. Seed$1.8M2016-11-09
    • Came back fast: 6 mo vs the ~15 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 12 investors on this round.
  3. Seed$2.7M2017-07-27
    • Came back fast: 9 mo vs the ~15 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 30 investors on this round.
  4. Pre-Seed$950K2017-07-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  5. Seed$2.0M2018-12-05
    • Raised 16 mo later, in step with the ~15 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 5 investors on this round.
  6. Seed$500K2019-10-01
    • Raised 10 mo later, in step with the ~15 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~8mo cadence
$500K
Modeled next size est.range $500K$800K
0.3×
Last step-up
$2.3M/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
Jonathan Charles Pope2016-05
Jonathan Pope2019-10
Thomas Beale2019-10
Registry & provenance

Corax Cyber Security Holdings Ltd 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
1709163
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
Veridify Security Inc.CybersecuritySeed$7.5M$4.4Msame sector · same stage
Sentry Secure, Inc.CybersecuritySeed$5.9M$14.7Msame sector · same stage
Cyber Physical Systems, Inc.CybersecuritySeed$5.7M$63.0Msame sector · same stage
Cyber Reconnaissance, Inc.CybersecuritySeed$5.3M$136.7Msame sector · same stage
Crytica Security, Inc.CybersecuritySeed$11.7M$12.6Msame sector · same stage
Sift Security, Inc.CybersecuritySeed$4.8M$116.1Msame sector · same stage
UpSight Security Inc.CybersecuritySeed$4.2M$4.0Msame sector · same stage
Veracity Security Intelligence, Inc.CybersecuritySeed$4.2M$44.3Msame 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
SMX (Security Matters) Public Ltd CoCybersecuritySeries A$28.6M82%
Cybernetex Corp.CybersecurityPre-Seed$15.8M81%
Cyber Reliant Corp.CybersecuritySeries A$32.7M81%
CyberGRX, Inc.CybersecuritySeries B$1.4B80%
CyberconIQ International Corp.CybersecuritySeries A$22.9M80%
Cyberinc CorpCybersecuritySeries A$116.6M79%
Qikfox Cybersecurity Systems, Inc.CybersecuritySeed$21.6M79%
Live Cyber Holdings, Inc.CybersecuritySeries A$29.9M79%
Frequently asked
How much funding has Corax Cyber Security Holdings Ltd raised?
Corax Cyber Security Holdings Ltd has raised approximately $7.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Corax Cyber Security Holdings Ltd's estimated valuation?
Provath's modeled valuation for Corax Cyber Security Holdings Ltd is approximately $19.3M (modeled range $450K–$151.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Corax Cyber Security Holdings Ltd at?
Corax Cyber Security Holdings Ltd's latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Oct 01.
What does Corax Cyber Security Holdings Ltd do and where is it based?
Corax Cyber Security Holdings Ltd operates in the Cybersecurity sector, based in LONDON.
Explore related

See where Corax Cyber Security Holdings Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Corax Cyber Security Holdings Ltd, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.