Companies · Computers

Elastic Path Software Inc.

VANCOUVER · Computers

Diligence memoA one-page analyst read on Elastic Path Software Inc. — recommendation, valuation, rhythm, risks.
$32.2M
Total raised · real
1
Rounds
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jun 12 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Elastic Path Software Inc. 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 software/compute 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 1.39× the median modeled value of Series B Computers companies in 2016–2018 (17 peers) — value vs value, same stage and era.
  • Within the normal band (139% of peer median) for its niche.
Dormant
  • Last raise 8.1 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
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 Computers

Elastic Path Software Inc. is one of 1370 Computers companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 92% 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
1
Investors (latest)
2018-06-12
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$500M$1.0B$1.5B$2.0BSeries B · 2018-06-12 Raised $32M (real) Modeled valuation $1.2B (est)$32M$1.2BSeries B2018

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 B$32.2M · 2018

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$1.2B
Base estimate est.
$80.6M
Conservative case
$4.5B
Upside case
$179.1M
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 software/compute sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.46×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
8.1 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
8.1 yr
On record since
2018
First round
1
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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$32.2M
Sector median$1.9M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.6× above median
This company$32.2M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 36× above median
This company$1.2B
Sector median$33.0M

Raised more than 92% of sector peers (real $). Modeled value above 97% 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 #3 of 17.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Level Access Holdings, Inc. · Series B Raised $40.0M · modeled $1.5B (est)Jask Labs Inc. · Series B Raised $35.1M · modeled $1.2B (est)OverOps, Inc. · Series B Raised $46.3M · modeled $1.1B (est)GlobalLogic Worldwide Holdings, Inc. · Series B Raised $29.8M · modeled $1.1B (est)Advanced Solutions International, Inc. · Series B Raised $52.5M · modeled $948.2M (est)OmniTier, Inc. · Series B Raised $28.9M · modeled $946.0M (est)Enigma ENG International Ltd · Series B Raised $25.1M · modeled $914.4M (est)Endless Mobile, Inc. · Series B Raised $23.2M · modeled $847.9M (est)Catchpoint Systems, Inc. · Series B Raised $39.8M · modeled $820.6M (est)Panzura, Inc. · Series B Raised $70.4M · modeled $809.9M (est)Gitlab Inc. · Series B Raised $24.5M · modeled $686.5M (est)Elastic Path Software Inc. (this company) Raised $32.2M · modeled $1.2B (est)Elastic Path Software Inc.
CompanyStageRaised · realValue · estvs peer med.
Level Access Holdings, Inc.Series B$40.0M$1.5B1.72×
Jask Labs Inc.Series B$35.1M$1.2B1.42×
Elastic Path Software Inc. this companySeries B$32.2M$1.2B1.39×
OverOps, Inc.Series B$46.3M$1.1B1.35×
GlobalLogic Worldwide Holdings, Inc.Series B$29.8M$1.1B1.28×
Advanced Solutions International, Inc.Series B$52.5M$948.2M1.12×
OmniTier, Inc.Series B$28.9M$946.0M1.12×
Enigma ENG International LtdSeries B$25.1M$914.4M1.08×
Endless Mobile, Inc.Series B$23.2M$847.9M1.00×
Catchpoint Systems, Inc.Series B$39.8M$820.6M0.97×
Panzura, Inc.Series B$70.4M$809.9M0.96×
Gitlab Inc.Series B$24.5M$686.5M0.81×
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 B$32.2M2018-06-12$179.1M$1.2B90%
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 B$32.2M2018-06-12
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
Intelligence
Modeled next raise
$51.6M
Modeled next size est.range $33.5M$82.5M
Last step-up
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
Jeff Klemens4 other2018-06
Andrew Lugsdin3 other2018-06
Keith Spencer3 other2018-06
Ned Gilhuly1 other2018-06
Benjamin Young2018-06
Brenton Brown2018-06
Harry Chemko2018-06
Mike Satterfield2018-06
Paul Rochester2018-06
Registry & provenance

Elastic Path Software 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
1744950
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
Manifold Technologies Ltd.ComputersSeries B$33.3M$315.1Msame sector · same stage
Blaize Holdings, Inc.ComputersSeries B$30.0M$144.2Msame sector · same stage
Commonwealth Foundation Ltd.ComputersSeries B$30.0M$1.1Bsame sector · same stage
Healthcombix IncComputersSeries B$30.0M$1.1Bsame sector · same stage
Identity Checkpoint IncComputersSeries B$30.0M$113.3Msame sector · same stage
GlobalLogic Worldwide Holdings, Inc.ComputersSeries B$29.8M$1.1Bsame sector · same stage
WhipTail Technologies, Inc.ComputersSeries B$29.7M$729.4Msame sector · same stage
1010data, Inc.ComputersSeries B$35.0M$1.3Bsame 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
Elastic Projects, Inc.Other TechnologySeries B$913.7M85%
BikePath Inc.ComputersSeed$49.4M84%
FluentPath, Inc.ComputersPre-Seed$354K83%
Resource Data, Inc.ComputersPre-Seed$9.1M81%
OpenPath, Inc.Other TechnologyPre-Seed$3.5M81%
Pathpoint, Inc.Other TechnologySeries B$941.3M80%
Flexcompute IncComputersSeries C$529.5M80%
ApexQuantum, Inc.ComputersPre-Seed$1.0M79%
Frequently asked
How much funding has Elastic Path Software Inc. raised?
Elastic Path Software Inc. has raised approximately $32.2M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Elastic Path Software Inc.'s estimated valuation?
Provath's modeled valuation for Elastic Path Software Inc. is approximately $1.2B (modeled range $80.6M–$4.5B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Elastic Path Software Inc. at?
Elastic Path Software Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jun 12.
What does Elastic Path Software Inc. do and where is it based?
Elastic Path Software Inc. operates in the Computers sector, based in VANCOUVER.
Explore related

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