Companies · Telecommunications

Dali Systems Co. Ltd.

GRAND CAYMAN · Telecommunications

Diligence memoA one-page analyst read on Dali Systems Co. Ltd. — recommendation, valuation, rhythm, risks.
$53.4M
Total raised · real
7
Rounds
2.8×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Tue Apr 16 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Dali Systems Co. Ltd. looks fair 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 telecom sector profile.

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

Fair
  • Modeled value is 1.32× the median modeled value of Series B Telecommunications companies in 2019–2021 (15 peers) — value vs value, same stage and era.
  • Within the normal band (132% of peer median) for its niche.
Dormant
  • Last raise 7.2 yr ago; this sector typically re-raises about every 10 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 Telecommunications

Dali Systems Co. Ltd. is one of 929 Telecommunications companies tracked from GRAND CAYMAN. By capital raised it ranks in the upper tier (ahead of 88% 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
70
Investors (latest)
2019-04-16
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$125M$250M$375M$500MSeed · 2006-04-10 Raised $1.0M (real) Modeled valuation $22M (est)Seed2006Seed · 2007-06-15 Raised $1.6M (real) Modeled valuation $34M (est)Seed2007Seed · 2010-03-15 Raised $1.8M (real) Modeled valuation $38M (est)Seed2010Pre-Seed · 2010-03-15 Raised $1.0M (real) Modeled valuation $27M (est)Pre-Seed2010Seed · 2011-01-19 Raised $758K (real) Modeled valuation $16M (est)Seed2011Series A · 2011-07-19 Raised $9.1M (real) Modeled valuation $159M (est)Series A2011Series A · 2014-07-04 Raised $12M (real) Modeled valuation $208M (est)Series A2014Series A · 2015-07-10 Raised $500K (real) Modeled valuation $8.8M (est)Series A2015Series A · 2016-12-13 Raised $7.7M (real) Modeled valuation $135M (est)Series A2016Series A · 2016-12-13 Raised $7.7M (real) Modeled valuation $135M (est)Series A2016Series B · 2019-04-16 Raised $22M (real) Modeled valuation $419M (est)Series B2019Cumulative $65M

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
Seed$1.0M · 2006
Seed extension$1.6M · 2007
Seed extension$1.8M · 2010
Bridge · Seed-stage$1.0M · 2010smaller follow-on
Seed extension$758K · 2011
Series A$9.1M · 2011
Series A extension$11.9M · 2014
Series A extension$500K · 2015
Series A extension$7.7M · 2016
Series A extension$7.7M · 2016
Series B$21.8M · 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
$419.2M
Base estimate est.
$52.8M
Conservative case
$1.6B
Upside case
$121.0M
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 telecom sector profile. Directional, not a quoted figure.

Seed · modeled $22.2M · 2006-04-102006Seed · modeled $34.3M · 2007-06-15Seed · modeled $37.7M · 2010-03-15Pre-Seed · modeled $26.8M · 2010-03-15Seed · modeled $16.3M · 2011-01-19Series A · modeled $158.9M · 2011-07-19Series A · modeled $207.8M · 2014-07-04Series A · modeled $8.8M · 2015-07-10Series A · modeled $134.8M · 2016-12-13Series A · modeled $134.8M · 2016-12-13Series B · modeled $419.2M · 2019-04-162019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
44% low · 81% high
1.32×/yr
Annual markup
1.60×/yr upside case
6.0 yr
Elapsed time used
7.2 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$4.1M/yr
Capital velocity
20.2 yr
On record since
2006
First round
11
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 14× above median
This company$53.4M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$21.8M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 15× above median
This company$419.2M
Sector median$28.3M

Raised more than 88% of sector peers (real $). Modeled value above 89% 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 #5 of 15.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)CALIENT Technologies INC · Series B Raised $109.1M · modeled $615.1M (est)Point Broadband, LLC · Series B Raised $42.8M · modeled $510.0M (est)Orion Labs, Inc. · Series B Raised $57.7M · modeled $464.7M (est)Zoom Telephonics, Inc. · Series B Raised $38.8M · modeled $433.5M (est)Skylake Wireless, LLC · Series B Raised $19.8M · modeled $350.6M (est)DAS Purchaser Parent, L.P. · Series B Raised $16.7M · modeled $321.7M (est)Wind Talker Innovations, Inc. · Series B Raised $30.3M · modeled $316.7M (est)Goodman Telecom Holdings, LLC · Series B Raised $16.0M · modeled $307.9M (est)Crexendo, Inc. · Series B Raised $21.2M · modeled $286.4M (est)Skylake Wireless II, LLC · Series B Raised $20.0M · modeled $272.7M (est)Fiber Minnesota, LLC · Series B Raised $18.0M · modeled $251.3M (est)Dali Systems Co. Ltd. (this company) Raised $53.4M · modeled $419.2M (est)Dali Systems Co. Ltd.
CompanyStageRaised · realValue · estvs peer med.
CALIENT Technologies INCSeries B$109.1M$615.1M1.94×
Point Broadband, LLCSeries B$42.8M$510.0M1.61×
Orion Labs, Inc.Series B$57.7M$464.7M1.47×
Zoom Telephonics, Inc.Series B$38.8M$433.5M1.37×
Dali Systems Co. Ltd. this companySeries B$53.4M$419.2M1.32×
Skylake Wireless, LLCSeries B$19.8M$350.6M1.11×
DAS Purchaser Parent, L.P.Series B$16.7M$321.7M1.02×
Wind Talker Innovations, Inc.Series B$30.3M$316.7M1.00×
Goodman Telecom Holdings, LLCSeries B$16.0M$307.9M0.97×
Crexendo, Inc.Series B$21.2M$286.4M0.90×
Skylake Wireless II, LLCSeries B$20.0M$272.7M0.86×
Fiber Minnesota, LLCSeries B$18.0M$251.3M0.79×
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.
Seed$1.0M2006-04-10$5.2M$22.2M85%
Seed$1.6M2007-06-15$8.0M$34.3M85%
Seed$1.8M2010-03-15$8.8M$37.7M85%
Pre-Seed$1.0M2010-03-15$5.6M$26.8M85%
Seed$758K2011-01-19$3.8M$16.3M85%
Series A$9.1M2011-07-19$41.2M$158.9M85%
Series A$11.9M2014-07-04$53.9M$207.8M85%
Series A$500K2015-07-10$2.3M$8.8M85%
Series A$7.7M2016-12-13$35.0M$134.8M90%
Series A$7.7M2016-12-13$35.0M$134.8M90%
Series B$21.8M2019-04-16$121.0M$419.2M90%
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. Seed$1.0M2006-04-10
    • First recorded raise — entered as Seed.
    • 40 investors on this round.
  2. Seed$1.6M2007-06-15
    • Raised 14 mo later, in step with the ~10 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 30 investors on this round.
  3. Seed$1.8M2010-03-15
    • Raised again after 33 mo — slower than the ~10 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  4. Pre-Seed$1.0M2010-03-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Seed$758K2011-01-19
    • Raised 10 mo later, in step with the ~10 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  6. Series A$9.1M2011-07-19
    • Came back fast: 6 mo vs the ~10 mo sector norm.
    • Round 12.0× larger than the prior — scaling up.
    • 23 investors on this round.
  7. Series A$11.9M2014-07-04
    • Raised again after 36 mo — slower than the ~10 mo sector norm.
    • Round 1.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 26 investors on this round.
  8. Series A$500K2015-07-10
    • Raised 12 mo later, in step with the ~10 mo sector norm.
    • Round 23.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  9. Series A$7.7M2016-12-13
    • Raised again after 17 mo — slower than the ~10 mo sector norm.
    • Round 15.4× larger than the prior — scaling up.
    • 17 investors on this round.
  10. Series A$7.7M2016-12-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  11. Series B$21.8M2019-04-16
    • Raised again after 28 mo — slower than the ~10 mo sector norm.
    • Round 2.8× larger than the prior — scaling up.
    • 70 investors on this round.
Intelligence
2020 ~Q3
Modeled next raise · ~16mo cadence
$61.7M
Modeled next size est.range $40.1M$98.7M
2.8×
Last step-up
$4.1M/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
Somu Subramaniam16 other2011-07
Somasundaram Subramaniam4 other2019-04
Albert Lee3 other2006-04
Albert S. Lee1 other2014-07
Kamaljit Sandhu2019-04
Kar Cheong Cho2011-07
Kar Cheong P. Cho2015-07
Kar Cheong S. Cho2014-07
Shawn P. Stapleton2015-07
Shawn S. Stapleton2014-07
Shawn Stapleton2010-03
Somasundaram P. Subramaniam2015-07
Somasundaram S. Subramaniam2014-07
TAYMAN KAN2019-04
TAYMAN P. KAN2016-12
Wei Deng2010-03
Registry & provenance

Dali Systems Co. 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
1466248
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
Actelis Networks IncTelecommunicationsSeries B$53.8M$135.5Msame sector · same stage
Adaptive Spectrum & Signal Alignment IncTelecommunicationsSeries B$52.2M$215.1Msame sector · same stage
Guerrilla RF, Inc.TelecommunicationsSeries B$51.9M$136.5Msame sector · same stage
Tristar Investors IncTelecommunicationsSeries B$50.9M$288.7Msame sector · same stage
Infrastructure Networks, Inc.TelecommunicationsSeries B$50.4M$533.3Msame sector · same stage
DialogTech Inc.TelecommunicationsSeries B$56.9M$47.7Msame sector · same stage
Orion Labs, Inc.TelecommunicationsSeries B$57.7M$464.7Msame sector · same stage
Antenna Software IncTelecommunicationsSeries B$57.8M$49.3Msame 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
ELECTRONIC DESIGN & DEVELOPMENT CorpTelecommunicationsPre-Seed$2.5M82%
AURA Network Systems, Inc.TelecommunicationsSeries B$18.8M82%
Deep Fiber Solutions, Inc.TelecommunicationsSeries A$121.0M81%
MODDHA Interactive, Inc.TelecommunicationsSeed$56.1M81%
Ses S.A.TelecommunicationsSeries A$15.3M80%
World Communications Group Services, Ltd.TelecommunicationsPre-Seed$19.0M80%
SPECTRAL CAPITAL CorpTelecommunicationsPre-Seed$663K80%
Sachi Tech Inc.TelecommunicationsSeries A$86.7M80%
Frequently asked
How much funding has Dali Systems Co. Ltd. raised?
Dali Systems Co. Ltd. has raised approximately $53.4M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Dali Systems Co. Ltd.'s estimated valuation?
Provath's modeled valuation for Dali Systems Co. Ltd. is approximately $419.2M (modeled range $52.8M–$1.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Dali Systems Co. Ltd. at?
Dali Systems Co. Ltd.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Apr 16.
What does Dali Systems Co. Ltd. do and where is it based?
Dali Systems Co. Ltd. operates in the Telecommunications sector, based in GRAND CAYMAN.
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