Companies · AI / ML

Counsel AI Corp

SAN FRANCISCO · AI / ML · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Counsel AI Corp — recommendation, valuation, rhythm, risks.
$490.8M
Total raised · real
4
Rounds
3.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Tue Feb 11 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Counsel AI Corp looks over-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the ai/ml 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 2.28× the median modeled value of Series D+ AI / ML companies in 2025–2027 (8 peers) — value vs value, same stage and era.
Quiet
  • Last raise 17 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector 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 AI / ML

Counsel AI Corp is one of 2067 AI / ML companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 99% 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.

ai/ml

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2022
Year incorporated
2025-02-11
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$1.3B$2.5B$3.8B$5.0BSeries B · 2023-04-10 Raised $26M (real) Modeled valuation $342M (est)$26M$342MSeries B2023Series C · 2023-12-18 Raised $66M (real) Modeled valuation $811M (est)$66M$811MSeries C2023Series C · 2024-07-15 Raised $99M (real) Modeled valuation $997M (est)$99M$997MSeries C2024Series D+ · 2025-02-11 Raised $300M (real) Modeled valuation $3.1B (est)$300M$3.1BSeries D+2025+$66M+$99M+$300MCumulative $491M

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$25.8M · 2023
Series C$66.0M · 2023
Series C extension$99.0M · 2024
Series D+$300.0M · 2025

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: 50%.

Modeled valuation trajectory
$3.1B
Base estimate est.
$1.7B
Conservative case
$4.1B
Upside case
$2.5B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the ai/ml sector profile. Directional, not a quoted figure.

Series B · modeled $342.2M · 2023-04-102023Series C · modeled $811.2M · 2023-12-18Series C · modeled $996.6M · 2024-07-15Series D+ · modeled $3.1B · 2025-02-112025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.35×/yr
Annual markup
1.51×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
ai/ml
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$266.4M/yr
Capital velocity
3.2 yr
On record since
2023
First round
4
Rounds on file
How it compares to the market

Benchmarked against 2067 companies in AI / ML. 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) 104× above median
This company$490.8M
Sector median$4.7M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.7× above median
This company$300.0M
Sector median$174.5M
Modeled value — vs sector median (estimate, all stages) 113× above median
This company$3.1B
Sector median$27.9M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #1 of 8.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Abridge AI Inc. · Series D+ Raised $458.0M · modeled $3.0B (est)Rezolve Ai Plc · Series D+ Raised $250.0M · modeled $1.7B (est)Celestial AI Inc. · Series D+ Raised $482.0M · modeled $1.5B (est)Goodfire AI, Inc. · Series D+ Raised $202.0M · modeled $1.2B (est)Nomos AI, Inc. · Series D+ Raised $141.9M · modeled $873.2M (est)Pollen, Inc. · Series D+ Raised $447.0M · modeled $310.2M (est)X.Ai Corp. · Series D+ Raised $162.4M · modeled $290.0M (est)Counsel AI Corp (this company) Raised $490.8M · modeled $3.1B (est)Counsel AI Corp
CompanyStageRaised · realValue · estvs peer med.
Counsel AI Corp this companySeries D+$490.8M$3.1B2.28×
Abridge AI Inc.Series D+$458.0M$3.0B2.17×
Rezolve Ai PlcSeries D+$250.0M$1.7B1.26×
Celestial AI Inc.Series D+$482.0M$1.5B1.11×
Goodfire AI, Inc.Series D+$202.0M$1.2B0.89×
Nomos AI, Inc.Series D+$141.9M$873.2M0.63×
Pollen, Inc.Series D+$447.0M$310.2M0.23×
X.Ai Corp.Series D+$162.4M$290.0M0.21×
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$25.8M2023-04-10$143.5M$342.2M90%
Series C$66.0M2023-12-18$440.0M$811.2M90%
Series C$99.0M2024-07-15$660.0M$996.6M90%
Series D+$300.0M2025-02-11$2.5B$3.1B90%
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$25.8M2023-04-10
    • First recorded raise — entered as Series B.
    • 16 investors on this round.
  2. Series C$66.0M2023-12-18
    • Raised 8 mo later, in step with the ~11 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series C$99.0M2024-07-15
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 8 investors on this round.
  4. Series D+$300.0M2025-02-11
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2025 ~Q3
Modeled next raise · ~7mo cadence
$900.0M
Modeled next size est.range $585.0M$1.4B
3.0×
Last step-up
$266.4M/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
Ilya Fushman10 other2023-12
Pat Grady4 other2023-04
Alan Ghelberg2025-02
Gabriel Pereyra2023-04
John LaBarre2024-07
Winston Weinberg2023-04
Registry & provenance

Counsel AI Corp 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
1974654
SEC CIK
2022
Incorporated
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
Amplitude, Inc.AI / MLSeries D+$200.0M$6.3Bnetwork1 shared operator · same sector · same stage
Celestial AI Inc.AI / MLSeries D+$482.0M$1.5Bsame sector · same stage
Docusign, Inc.AI / MLSeries D+$476.5M$1.5Bsame sector · same stage
Magic AI, Inc.AI / MLSeries D+$466.2M$4.3Bsame sector · same stage
Abridge AI Inc.AI / MLSeries D+$458.0M$3.0Bsame sector · same stage
Shield AI IncAI / MLSeries D+$452.7M$4.5Bsame sector · same stage
Pollen, Inc.AI / MLSeries D+$447.0M$310.2Msame sector · same stage
C3.ai, Inc.AI / MLSeries D+$400.9M$2.1Bsame 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
General Counsel AI, Inc.AI / MLSeries C$354.9M94%
Verses AI Inc.AI / MLSeries A$1.4M88%
X.Ai Corp.AI / MLSeries D+$290.0M88%
Obviously AI, Inc.AI / MLSeries A$41.0M87%
Eg Ai CorpAI / MLSeed$6.8M87%
Ficc.ai CorpAI / MLSeed$25.3M87%
martini.ai Corp.AI / MLSeries A$94.3M87%
AI Software Holdings, LLCAI / MLSeries B$25.8M87%
Frequently asked
How much funding has Counsel AI Corp raised?
Counsel AI Corp has raised approximately $490.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Counsel AI Corp's estimated valuation?
Provath's modeled valuation for Counsel AI Corp is approximately $3.1B (modeled range $1.7B–$4.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Counsel AI Corp at?
Counsel AI Corp's latest modeled financing stage is Series D+. Its most recent recorded round closed around Tue Feb 11.
What does Counsel AI Corp do and where is it based?
Counsel AI Corp operates in the AI / ML sector, based in SAN FRANCISCO.
Explore related

See where Counsel AI Corp 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 Counsel AI Corp, 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.