Diligence memo · auto-generated · as of July 2, 2026
Cyanotech Corp
Cyanotech Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Cyanotech Corp operates in Agriculture, based in KAILUA KONA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Cyanotech Corp has raised $379K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $379K on 2016-04-29.
Most recent recorded round closed around 2016-04-29.
Valuation (modeled)modeled
Provath models Cyanotech Corp at approximately $5.0M (range $240K–$57M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.01× the median modeled value of Pre-Seed Agriculture companies in 2016–2018 (73 peers) — value vs value, same stage and era. Within the normal band (101% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 10.2 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.
Comparablesmixed
Capital scale ranks ahead of 16% of Agriculture peers (1056 compared).
Modeled value ranks above 31% of those peers.
Closest niche peers: Hathaway Activated Carbon, Inc., Farmers Co-operative Mill & Elevator Association, Sparkle Holdings LLC, JBS United, Inc., Jardin De Invierno S.A..
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.