Diligence memo · auto-generated · as of July 2, 2026
Drylet, Inc.
Drylet, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Drylet, Inc. operates in Other Technology, based in HOUSTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Drylet, Inc. has raised $3.4M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.8M on 2020-10-22.
Most recent recorded round closed around 2022-03-11.
Valuation (modeled)modeled
Provath models Drylet, Inc. at approximately $8.4M (range $489K–$42M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.53× the median modeled value of Seed Other Technology companies in 2022–2024 (1103 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 51% of Other Technology peers (21302 compared).
Modeled value ranks above 20% of those peers.
Closest niche peers: Route Reports Inc., Assetario Inc., Integrated Cinematics Inc., Soundful, Inc., Modern Foundry, Inc..
Peoplefiled
6 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.