Companies · Other Technology

eCullet Inc

MILPITAS · Other Technology

Diligence memoA one-page analyst read on eCullet Inc — recommendation, valuation, rhythm, risks.
$41.4M
Total raised · real
7
Rounds
0.5×
Latest step-up
Top 10%
Sector rank · raised
Series B
Latest stage · inferred · Wed Apr 30 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

eCullet 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 0.12× the median modeled value of Series B Other Technology companies in 2013–2015 (321 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.2 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

eCullet Inc is one of 21302 Other Technology companies tracked from MILPITAS. By capital raised it ranks among the largest (ahead of 91% 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
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$1.0BPre-Seed · 2009-10-28 Raised $1.0M (real) Modeled valuation $42M (est)Pre-Seed2009Series B · 2011-07-02 Raised $27M (real) Modeled valuation $826M (est)Series B2011Series B · 2012-07-17 Raised $2.5M (real) Modeled valuation $76M (est)Series B2012Series B · 2013-02-28 Raised $2.5M (real) Modeled valuation $76M (est)Series B2013Series B · 2013-06-04 Raised $1.0M (real) Modeled valuation $30M (est)Series B2013Series B · 2013-07-31 Raised $5.0M (real) Modeled valuation $152M (est)Series B2013Series B · 2014-04-30 Raised $2.3M (real) Modeled valuation $70M (est)Series B2014+$27M+$2.5M+$2.5M+$1.0M+$5.0M+$2.3MCumulative $41M

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$1.0M · 2009
Series B$27.1M · 2011no Seed / Series A on file
Series B extension$2.5M · 2012
Series B extension$2.5M · 2013
Series B extension$1.0M · 2013
Series B extension$5.0M · 2013
Series B extension$2.3M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — 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
$70.0M
Base estimate est.
$5.6M
Conservative case
$269.6M
Upside case
$12.8M
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.

Pre-Seed · modeled $42.4M · 2009-10-282009Series B · modeled $826.5M · 2011-07-02Series B · modeled $76.4M · 2012-07-17Series B · modeled $76.1M · 2013-02-28Series B · modeled $30.5M · 2013-06-04Series B · modeled $152.3M · 2013-07-31Series B · modeled $70.0M · 2014-04-302014
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
12.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$9.2M/yr
Capital velocity
16.7 yr
On record since
2009
First round
7
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) 13× above median
This company$41.4M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$2.3M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$70.0M
Sector median$37.3M

Raised more than 91% of sector peers (real $). Modeled value above 65% 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 #299 of 321.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)PlanSource Holdings, Inc. · Series B Raised $40.0M · modeled $1.2B (est)Transphorm, Inc. · Series B Raised $246.8M · modeled $1.2B (est)Skyhigh Networks, Inc. · Series B Raised $46.5M · modeled $1.2B (est)Misfit Wearables Corp · Series B Raised $63.0M · modeled $1.2B (est)Veracode Inc · Series B Raised $95.1M · modeled $1.2B (est)Hired, Inc. · Series B Raised $57.5M · modeled $1.2B (est)Iqms · Series B Raised $74.5M · modeled $1.2B (est)Vistronix Intelligence & Technology Solutions, LLC · Series B Raised $56.1M · modeled $1.2B (est)Ruby Receptionists, Inc. · Series B Raised $38.8M · modeled $1.2B (est)Percolate Industries, Inc. · Series B Raised $72.6M · modeled $1.2B (est)Appian Corp · Series B Raised $37.5M · modeled $1.1B (est)Luxtera Inc · Series B Raised $91.8M · modeled $1.1B (est)eCullet Inc (this company) Raised $41.4M · modeled $70.0M (est)eCullet Inc
CompanyStageRaised · realValue · estvs peer med.
PlanSource Holdings, Inc.Series B$40.0M$1.2B2.11×
Transphorm, Inc.Series B$246.8M$1.2B2.11×
Skyhigh Networks, Inc.Series B$46.5M$1.2B2.11×
Misfit Wearables CorpSeries B$63.0M$1.2B2.11×
Veracode IncSeries B$95.1M$1.2B2.11×
Hired, Inc.Series B$57.5M$1.2B2.11×
IqmsSeries B$74.5M$1.2B2.08×
Vistronix Intelligence & Technology Solutions, LLCSeries B$56.1M$1.2B2.04×
Ruby Receptionists, Inc.Series B$38.8M$1.2B2.04×
Percolate Industries, Inc.Series B$72.6M$1.2B2.01×
Appian CorpSeries B$37.5M$1.1B1.97×
Luxtera IncSeries B$91.8M$1.1B1.97×
eCullet Inc this companySeries B$41.4M$70.0M0.12×
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$1.0M2009-10-28$5.6M$42.4M90%
Series B$27.1M2011-07-02$150.8M$826.5M90%
Series B$2.5M2012-07-17$13.9M$76.4M90%
Series B$2.5M2013-02-28$13.9M$76.1M90%
Series B$1.0M2013-06-04$5.6M$30.5M90%
Series B$5.0M2013-07-31$27.8M$152.3M90%
Series B$2.3M2014-04-30$12.8M$70.0M90%
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$1.0M2009-10-28
    • First recorded raise — entered as Pre-Seed.
  2. Series B$27.1M2011-07-02
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 27.1× larger than the prior — scaling up.
  3. Series B$2.5M2012-07-17
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 10.8× smaller than the prior — bridge or down round.
  4. Series B$2.5M2013-02-28
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round roughly the size of the prior one.
  5. Series B$1.0M2013-06-04
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
  6. Series B$5.0M2013-07-31
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.0× larger than the prior — scaling up.
  7. Series B$2.3M2014-04-30
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q1
Modeled next raise · ~9mo cadence
$2.3M
Modeled next size est.range $2.3M$3.7M
0.5×
Last step-up
$9.2M/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
Arman Pahlavan11 other2011-07
David Parker10 other2012-07
Marc Khouzami2 other2014-04
Mark Muenchow1 other2012-07
Yaniv Tepper1 other2009-10
Anil Tammineedi2014-04
Ben Balzer2011-07
Craig London2009-10
Farook Afsari2009-10
Gisele Everett2011-07
Gordon Parker2009-10
Suzy Taherian2013-06
Registry & provenance

eCullet 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
1417507
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
BrightTag Inc.Other TechnologySeries B$56.2M$406.9Mnetwork1 shared operator · same sector · same stage
Sonitus Medical IncOther TechnologySeries B$57.6M$311.1Mnetwork1 shared operator · same sector · same stage
Peach Finance Inc.Other TechnologySeries B$37.8M$69.1Msame sector · same stage
QuantumXchange, Inc.Other TechnologySeries B$35.6M$70.2Msame sector · same stage
HelloTech, Inc.Other TechnologySeries B$48.4M$71.6Msame sector · same stage
Worlds Enterprises Inc.Other TechnologySeries B$30.7M$70.4Msame sector · same stage
Vitriflex, Inc.Other TechnologySeries A$20.5M$224.7Mnetwork1 shared operator · same sector
Slingshot Finance, Inc.Other TechnologySeries B$28.3M$71.4Msame sector · same stage
Frequently asked
How much funding has eCullet Inc raised?
eCullet Inc has raised approximately $41.4M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is eCullet Inc's estimated valuation?
Provath's modeled valuation for eCullet Inc is approximately $70.0M (modeled range $5.6M–$269.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is eCullet Inc at?
eCullet Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Apr 30.
What does eCullet Inc do and where is it based?
eCullet Inc operates in the Other Technology sector, based in MILPITAS.
Explore related

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

Is this your company?

If you work at eCullet Inc, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.