Diligence memo · auto-generated · as of July 2, 2026
Deep North, Inc.
Deep North, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Deep North, Inc. operates in Other Technology, based in FOSTER CITY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Deep North, Inc. has raised $31M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $26M on 2019-12-17.
Most recent recorded round closed around 2021-05-28.
Valuation (modeled)modeled
Provath models Deep North, Inc. at approximately $113M (range $12M–$366M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.22× the median modeled value of Series B Other Technology companies in 2019–2021 (415 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 5.1 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 89% of Other Technology peers (21302 compared).
Modeled value ranks above 73% of those peers.
Closest niche peers: Visual Lease, LLC, Decisions, LLC, Suvoda LLC, SmartRecruiters, Inc., Litify Inc..
Peoplefiled
5 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.