Companies · Software / Tech

Digital Shadows, Inc.

SAN FRANCISCO · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Digital Shadows, Inc. — recommendation, valuation, rhythm, risks.
$54.5M
Total raised · real
4
Rounds
0.4×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jun 28 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Digital Shadows, Inc. looks under-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.

Under-valued
  • Modeled value is 0.56× the median modeled value of Series B Software / Tech companies in 2019–2021 (142 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.0 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 Shadows, Inc. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 91% 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
14
Investors (latest)
2015
Year incorporated
2019-06-28
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 · 2015-02-20 Raised $8.0M (real) Modeled valuation $221M (est)$8.0M$221MSeries A2015Series A · 2015-02-20 Raised $4.0M (real) Modeled valuation $111M (est)$4.0M$111MSeries A2015Series A · 2015-02-20 Raised $5.3M (real) Modeled valuation $146M (est)$5.3M$146MSeries A2015Series A · 2016-01-26 Raised $14M (real) Modeled valuation $380M (est)$14M$380MSeries A2016Series B · 2017-09-14 Raised $23M (real) Modeled valuation $693M (est)$23M$693MSeries B2017Series B · 2019-06-28 Raised $10M (real) Modeled valuation $308M (est)$10M$308MSeries B2019+$4.0M+$5.3M+$14M+$23M+$10MCumulative $64M

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$8.0M · 2015
Series A extension$4.0M · 2015
Series A extension$5.3M · 2015
Series A extension$13.7M · 2016
Series B$22.8M · 2017
Series B extension$10.1M · 2019

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
$307.6M
Base estimate est.
$24.7M
Conservative case
$1.2B
Upside case
$56.1M
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 $220.6M · 2015-02-202015Series A · modeled $111.3M · 2015-02-20Series A · modeled $146.4M · 2015-02-20Series A · modeled $379.8M · 2016-01-26Series B · modeled $693.1M · 2017-09-14Series B · modeled $307.6M · 2019-06-282019
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
7.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$12.5M/yr
Capital velocity
11.4 yr
On record since
2015
First round
6
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) 12× above median
This company$54.5M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$10.1M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 8.4× above median
This company$307.6M
Sector median$36.6M

Raised more than 91% of sector peers (real $). Modeled value above 87% 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 #122 of 142.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Trackonomy Systems, Inc. · Series B Raised $49.2M · modeled $1.2B (est)Tray.IO Inc. · Series B Raised $59.3M · modeled $1.1B (est)Unravel Data Systems, Inc. · Series B Raised $56.2M · modeled $1.1B (est)Salus Labs, Inc. · Series B Raised $35.0M · modeled $1.1B (est)Anchor Labs, Inc. · Series B Raised $33.7M · modeled $1.0B (est)Compound Labs, Inc. · Series B Raised $41.8M · modeled $1.0B (est)Mode Analytics, Inc. · Series B Raised $72.3M · modeled $996.8M (est)Cleo Labs, Inc · Series B Raised $84.7M · modeled $958.4M (est)Bevy Labs, Inc. · Series B Raised $55.0M · modeled $956.5M (est)Temperpack Technologies Inc. · Series B Raised $79.9M · modeled $940.4M (est)Hound Labs, Inc. · Series B Raised $49.2M · modeled $933.9M (est)Cloud Elements, Inc. · Series B Raised $60.2M · modeled $913.7M (est)Digital Shadows, Inc. (this company) Raised $54.5M · modeled $307.6M (est)Digital Shadows, Inc.
CompanyStageRaised · realValue · estvs peer med.
Trackonomy Systems, Inc.Series B$49.2M$1.2B2.16×
Tray.IO Inc.Series B$59.3M$1.1B2.06×
Unravel Data Systems, Inc.Series B$56.2M$1.1B1.95×
Salus Labs, Inc.Series B$35.0M$1.1B1.95×
Anchor Labs, Inc.Series B$33.7M$1.0B1.88×
Compound Labs, Inc.Series B$41.8M$1.0B1.84×
Mode Analytics, Inc.Series B$72.3M$996.8M1.83×
Cleo Labs, IncSeries B$84.7M$958.4M1.76×
Bevy Labs, Inc.Series B$55.0M$956.5M1.75×
Temperpack Technologies Inc.Series B$79.9M$940.4M1.72×
Hound Labs, Inc.Series B$49.2M$933.9M1.71×
Cloud Elements, Inc.Series B$60.2M$913.7M1.67×
Digital Shadows, Inc. this companySeries B$54.5M$307.6M0.56×
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$8.0M2015-02-20$36.2M$220.6M85%
Series A$4.0M2015-02-20$18.2M$111.3M85%
Series A$5.3M2015-02-20$24.0M$146.4M85%
Series A$13.7M2016-01-26$62.2M$379.8M85%
Series B$22.8M2017-09-14$126.4M$693.1M90%
Series B$10.1M2019-06-28$56.1M$307.6M90%
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$8.0M2015-02-20
    • First recorded raise — entered as Series A.
    • 11 investors on this round.
  2. Series A$4.0M2015-02-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Series A$5.3M2015-02-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series A$13.7M2016-01-26
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.6× larger than the prior — scaling up.
    • 15 investors on this round.
  5. Series B$22.8M2017-09-14
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
    • 16 investors on this round.
  6. Series B$10.1M2019-06-28
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~10mo cadence
$10.1M
Modeled next size est.range $10.1M$16.2M
0.4×
Last step-up
$12.5M/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
Ryan Floyd7 other2016-01
Fred Wang5 other2016-01
Stuart McClure5 other2016-01
Daniel Moskowitz2 other2017-09
Alastair Ewan Paterson1 other2015-02
Eileen Burbidge1 other2016-01
Alastair Paterson2016-01
Eileen Michael Burbidge2015-02
James Chappell2015-02
James Michael Chappell2015-02
LUKE VENKATA HAKES2019-06
LUKE VENKATA HARRIS2017-09
RAMAKRISHNA VENKATA SATYAVOLU2017-09
Ryan Gray Floyd2015-02
Ryan Michael Floyd2015-02
Stuart Michael McClure2015-02
Registry & provenance

Digital Shadows, 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
1635750
SEC CIK
2015
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.

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Tebra Technologies, Inc.Software / TechSeries B$53.3M$226.5Msame sector · same stage
Lula Technologies, Inc.Software / TechSeries B$52.2M$353.8Msame sector · same stage
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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
Phantom Technologies, Inc.Software / TechSeries A$173.1M83%
Digital Prime Technologies, LLCSoftware / TechSeries A$15.3M83%
Shadow Shifts, Inc.Other TechnologySeed$7.8M83%
Digital Sandbox, Inc.Software / TechSeed$136.3M81%
Invisible Technologies Inc.Software / TechSeries A$146.5M81%
Digital Packager Corp.Software / TechSeed$76.8M81%
Digit Technologies Inc.Software / TechSeed$11.1M81%
EyeTech Digital Systems, Inc.Software / TechPre-Seed$33.9M80%
Frequently asked
How much funding has Digital Shadows, Inc. raised?
Digital Shadows, Inc. has raised approximately $54.5M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Digital Shadows, Inc.'s estimated valuation?
Provath's modeled valuation for Digital Shadows, Inc. is approximately $307.6M (modeled range $24.7M–$1.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Digital Shadows, Inc. at?
Digital Shadows, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jun 28.
What does Digital Shadows, Inc. do and where is it based?
Digital Shadows, Inc. operates in the Software / Tech sector, based in SAN FRANCISCO.
Explore related

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

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