Companies · Software / Tech

Digital Reasoning Systems, Inc.

FRANKLIN · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Digital Reasoning Systems, Inc. — recommendation, valuation, rhythm, risks.
$80.5M
Total raised · real
5
Rounds
1.6×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Thu Mar 08 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Digital Reasoning Systems, Inc. looks over-valued 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.

Over-valued
  • Modeled value is 1.57× the median modeled value of Series B Software / Tech companies in 2016–2018 (78 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.3 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 Software / Tech

Digital Reasoning Systems, Inc. is one of 3920 Software / Tech companies tracked from FRANKLIN. By capital raised it ranks among the largest (ahead of 94% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2018-03-08
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$250M$500M$750M$1.0BSeries A · 2011-11-21 Raised $4.2M (real) Modeled valuation $117M (est)$4.2M$117MSeries A2011Series B · 2014-09-24 Raised $23M (real) Modeled valuation $690M (est)$23M$690MSeries B2014Series B · 2015-12-03 Raised $5.0M (real) Modeled valuation $152M (est)$5.0M$152MSeries B2015Series B · 2016-01-15 Raised $19M (real) Modeled valuation $566M (est)$19M$566MSeries B2016Series B · 2018-03-08 Raised $30M (real) Modeled valuation $914M (est)$30M$914MSeries B2018+$23M+$5.0M+$19M+$30MCumulative $80M

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 A$4.2M · 2011
Series B$22.7M · 2014
Series B extension$5.0M · 2015
Series B extension$18.6M · 2016
Series B extension$30.0M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — 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
$913.8M
Base estimate est.
$73.5M
Conservative case
$3.5B
Upside case
$166.7M
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 technology sector profile. Directional, not a quoted figure.

Series A · modeled $116.8M · 2011-11-212011Series B · modeled $690.2M · 2014-09-24Series B · modeled $152.3M · 2015-12-03Series B · modeled $566.5M · 2016-01-15Series B · modeled $913.8M · 2018-03-082018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
8.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$12.8M/yr
Capital velocity
14.6 yr
On record since
2011
First round
5
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 17× above median
This company$80.5M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.5× above median
This company$30.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 25× above median
This company$913.8M
Sector median$36.6M

Raised more than 94% of sector peers (real $). Modeled value above 95% 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 #7 of 78.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Orchid Labs Inc. · Series B Raised $40.6M · modeled $1.1B (est)Overclock Labs, Inc. · Series B Raised $35.3M · modeled $1.0B (est)Reflexis Systems Inc · Series B Raised $67.2M · modeled $999.8M (est)Nav Technologies, Inc. · Series B Raised $67.8M · modeled $995.5M (est)Vesper Technologies Inc. · Series B Raised $51.4M · modeled $971.7M (est)Applied Data Finance, LLC · Series B Raised $30.8M · modeled $938.7M (est)Singular Labs Inc. · Series B Raised $35.6M · modeled $913.7M (est)Skyport Systems, Inc. · Series B Raised $66.7M · modeled $904.5M (est)Constellation Labs, LLC · Series B Raised $29.7M · modeled $904.1M (est)Theta Labs, Inc. · Series B Raised $37.4M · modeled $887.6M (est)SolidEnergy Systems Corp. · Series B Raised $79.5M · modeled $879.4M (est)Digital Reasoning Systems, Inc. (this company) Raised $80.5M · modeled $913.8M (est)Digital Reasoning Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
Orchid Labs Inc.Series B$40.6M$1.1B1.89×
Overclock Labs, Inc.Series B$35.3M$1.0B1.78×
Reflexis Systems IncSeries B$67.2M$999.8M1.72×
Nav Technologies, Inc.Series B$67.8M$995.5M1.71×
Vesper Technologies Inc.Series B$51.4M$971.7M1.67×
Applied Data Finance, LLCSeries B$30.8M$938.7M1.61×
Digital Reasoning Systems, Inc. this companySeries B$80.5M$913.8M1.57×
Singular Labs Inc.Series B$35.6M$913.7M1.57×
Skyport Systems, Inc.Series B$66.7M$904.5M1.55×
Constellation Labs, LLCSeries B$29.7M$904.1M1.55×
Theta Labs, Inc.Series B$37.4M$887.6M1.52×
SolidEnergy Systems Corp.Series B$79.5M$879.4M1.51×
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 A$4.2M2011-11-21$19.1M$116.8M85%
Series B$22.7M2014-09-24$125.9M$690.2M85%
Series B$5.0M2015-12-03$27.8M$152.3M85%
Series B$18.6M2016-01-15$103.3M$566.5M85%
Series B$30.0M2018-03-08$166.7M$913.8M90%
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 A$4.2M2011-11-21
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series B$22.7M2014-09-24
    • Raised again after 34 mo — slower than the ~13 mo sector norm.
    • Round 5.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 20 investors on this round.
  3. Series B$5.0M2015-12-03
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$18.6M2016-01-15
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 2 investors on this round.
  5. Series B$30.0M2018-03-08
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 9 investors on this round.
Intelligence
2019 ~Q4
Modeled next raise · ~19mo cadence
$48.4M
Modeled next size est.range $31.5M$77.4M
1.6×
Last step-up
$12.8M/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
John Brennan8 other2011-11
Jodi Hubler7 other2018-03
Brett Jackson4 other2018-03
Jonathan T. Lord4 other2014-09
Cristobal Conde3 other2018-03
Rana Yared3 other2018-03
Prakash Ramachandran2 other2018-03
Robert Metcalf2 other2011-11
Al Tarasiuk2018-03
Angel Rodriguez-Issa2018-03
Anthony T. Miller2016-01
Cristobal G. Conde2014-09
Jonathan Perlin2015-12
Kenneth Elzinga2011-11
Kenneth G. Elzinga2014-09
Mark Naftel2011-11
Thomas Jessop2015-12
Thomas T. Jessop2014-09
Timothy Estes2011-11
Registry & provenance

Digital Reasoning Systems, Inc. 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
1535692
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
Paytient Technologies, Inc.Software / TechSeries B$53.9M$436.9Mnetwork1 shared operator · same sector · same stage
Temperpack Technologies Inc.Software / TechSeries B$79.9M$940.4Msame sector · same stage
SolidEnergy Systems Corp.Software / TechSeries B$79.5M$879.4Msame sector · same stage
InfoWorks.io, Inc.Software / TechSeries B$83.9M$478.0Msame sector · same stage
Cleo Labs, IncSoftware / TechSeries B$84.7M$958.4Msame sector · same stage
Medici Technologies, LLCSoftware / TechSeries B$76.2M$618.6Msame sector · same stage
Evolv Technologies, Inc.Software / TechSeries B$76.1M$363.9Msame sector · same stage
Inkling Systems, Inc.Software / TechSeries B$85.9M$761.4Msame 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 Reasoning, Inc.Other TechnologySeries A$40.0M84%
Cognitive Logic Inc.Other TechnologySeries B$439.3M83%
Decision Technologies CorpSoftware / TechSeed$105.5M82%
Proof Technology, Inc.Software / TechSeries B$100.2M82%
DecisionPoint Systems, Inc.Software / TechSeries A$41.6M82%
Cognitive Operational Systems, Inc.Software / TechPre-Seed$23.3M81%
Digit Technologies Inc.Software / TechSeed$11.1M81%
Dais Technology, Inc.Software / TechSeries A$249.7M80%
Frequently asked
How much funding has Digital Reasoning Systems, Inc. raised?
Digital Reasoning Systems, Inc. has raised approximately $80.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Digital Reasoning Systems, Inc.'s estimated valuation?
Provath's modeled valuation for Digital Reasoning Systems, Inc. is approximately $913.8M (modeled range $73.5M–$3.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Digital Reasoning Systems, Inc. at?
Digital Reasoning Systems, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Mar 08.
What does Digital Reasoning Systems, Inc. do and where is it based?
Digital Reasoning Systems, Inc. operates in the Software / Tech sector, based in FRANKLIN.
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