Companies · Other Technology

Department X Corp

NEW YORK · Other Technology

Diligence memoA one-page analyst read on Department X Corp — recommendation, valuation, rhythm, risks.
$1.9M
Total raised · real
2
Rounds
4.3×
Latest step-up
Top 62%
Sector rank · raised
Seed
Latest stage · inferred · Mon May 18 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Department X Corp 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 technology 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 0.96× the median modeled value of Seed Other Technology companies in 2019–2021 (1049 peers) — value vs value, same stage and era.
  • Within the normal band (96% of peer median) for its niche.
Dormant
  • Last raise 6.1 yr ago; this sector typically re-raises about every 13 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 Other Technology

Department X Corp is one of 21302 Other Technology companies tracked from NEW YORK. By capital raised it ranks in the long tail (ahead of 39% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019
Year incorporated
2020-05-18
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$25M$50M$75M$100MPre-Seed · 2019-10-25 Raised $350K (real) Modeled valuation $15M (est)$350K$15MPre-Seed2019Seed · 2020-05-18 Raised $1.5M (real) Modeled valuation $51M (est)$1.5M$51MSeed2020+$1.5MCumulative $1.9M

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$350K · 2019
Seed$1.5M · 2020

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

Modeled valuation trajectory
$51.1M
Base estimate est.
$1.3M
Conservative case
$401.0M
Upside case
$7.5M
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 technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.8M · 2019-10-252019Seed · modeled $51.1M · 2020-05-182020
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
6.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$3.3M/yr
Capital velocity
6.7 yr
On record since
2019
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 0.6× of median
This company$1.9M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.9× of median
This company$1.5M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$51.1M
Sector median$37.3M

Raised more than 39% of sector peers (real $). Modeled value above 58% 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 #543 of 1,049.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0MCapital raised (log)Platypus Institute Inc. · Seed Raised $6.5M · modeled $136.3M (est)Pointivo, Inc. · Seed Raised $5.4M · modeled $136.3M (est)RealtimeX Inc. · Seed Raised $4.0M · modeled $136.3M (est)Scholastic Network Partners, LLC · Seed Raised $4.0M · modeled $136.3M (est)Social Circle, LLC · Seed Raised $4.5M · modeled $136.3M (est)Altinity Inc. · Seed Raised $6.9M · modeled $136.3M (est)Thundra, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sideqik, Inc. · Seed Raised $4.0M · modeled $136.3M (est)LevelOps Inc. · Seed Raised $4.0M · modeled $136.3M (est)Zebrium, Inc. · Seed Raised $7.3M · modeled $136.3M (est)Datawire, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Centercode, Inc. · Seed Raised $7.5M · modeled $136.3M (est)Department X Corp (this company) Raised $1.9M · modeled $51.1M (est)Department X Corp
CompanyStageRaised · realValue · estvs peer med.
Platypus Institute Inc.Seed$6.5M$136.3M2.57×
Pointivo, Inc.Seed$5.4M$136.3M2.57×
RealtimeX Inc.Seed$4.0M$136.3M2.57×
Scholastic Network Partners, LLCSeed$4.0M$136.3M2.57×
Social Circle, LLCSeed$4.5M$136.3M2.57×
Altinity Inc.Seed$6.9M$136.3M2.57×
Thundra, Inc.Seed$4.0M$136.3M2.57×
Sideqik, Inc.Seed$4.0M$136.3M2.57×
LevelOps Inc.Seed$4.0M$136.3M2.57×
Zebrium, Inc.Seed$7.3M$136.3M2.57×
Datawire, Inc.Seed$4.0M$136.3M2.57×
Centercode, Inc.Seed$7.5M$136.3M2.57×
Department X Corp this companySeed$1.9M$51.1M0.96×
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$350K2019-10-25$1.9M$14.8M90%
Seed$1.5M2020-05-18$7.5M$51.1M90%
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$350K2019-10-25
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Seed$1.5M2020-05-18
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 4.3× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2020 ~Q4
Modeled next raise · ~7mo cadence
$4.5M
Modeled next size est.range $2.9M$7.2M
4.3×
Last step-up
$3.3M/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
Alexander Song1 other2019-10
Registry & provenance

Department X 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
1792111
SEC CIK
2019
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
GoingMyWay, LLCOther TechnologySeed$1.9M$51.7Msame sector · same stage
CafeGive, Inc.Other TechnologySeed$1.9M$52.9Msame sector · same stage
Walkthrough, Inc.Other TechnologySeed$1.8M$51.1Msame sector · same stage
Nuforce IncOther TechnologySeed$1.9M$52.6Msame sector · same stage
Tile Five, LLCOther TechnologySeed$1.8M$51.1Msame sector · same stage
Ultra Testing LLCOther TechnologySeed$1.8M$51.1Msame sector · same stage
Evergram, Inc.Other TechnologySeed$1.9M$52.7Msame sector · same stage
CoSchedule LLCOther TechnologySeed$1.8M$51.1Msame 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
Code X IncOther TechnologySeed$48.3M90%
FN-X Inc.Other TechnologyPre-Seed$37.1M87%
EdgeX, Inc.Other TechnologySeries A$34.3M86%
MatX Inc.Other TechnologyGrowth/Late$5.0B86%
X1 Discovery, Inc.Other TechnologySeries A$141.5M86%
XTech Buzz Inc.Other TechnologyPre-Seed$631K86%
xMatters Holdings, Inc.Other TechnologySeries B$54.5M86%
SXD, Inc.Other TechnologyPre-Seed$15.1M85%
Frequently asked
How much funding has Department X Corp raised?
Department X Corp has raised approximately $1.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Department X Corp's estimated valuation?
Provath's modeled valuation for Department X Corp is approximately $51.1M (modeled range $1.3M–$401.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Department X Corp at?
Department X Corp's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon May 18.
What does Department X Corp do and where is it based?
Department X Corp operates in the Other Technology sector, based in NEW YORK.
Explore related

See where Department X Corp sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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