Companies · Medical Devices

Emerge Diagnostics, Inc

CARLSBAD · Medical Devices · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Emerge Diagnostics, Inc — recommendation, valuation, rhythm, risks.
$12.0M
Total raised · real
10
Rounds
0.7×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Wed Oct 18 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Emerge Diagnostics, Inc looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the medical devices 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 0.01× the median modeled value of Series A Medical Devices companies in 2022–2024 (13 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.7 yr ago; this sector typically re-raises about every 16 months.
  • Slightly overdue versus sector 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 Medical Devices

Emerge Diagnostics, Inc is one of 233 Medical Devices companies tracked from CARLSBAD. By capital raised it ranks in the upper tier (ahead of 82% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

medical-devices

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2023-10-18
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$50M$100M$150M$200MSeries A · 2012-07-01 Raised $5.0M (real) Modeled valuation $121M (est)Series A2012Series A · 2014-07-03 Raised $885K (real) Modeled valuation $21M (est)Series A2014Pre-Seed · 2014-07-03 Raised $100K (real) Modeled valuation $3.7M (est)Pre-Seed2014Series A · 2014-11-24 Raised $2.8M (real) Modeled valuation $67M (est)Series A2014Series A · 2016-06-10 Raised $1.9M (real) Modeled valuation $45M (est)Series A2016Series A · 2017-06-12 Raised $250K (real) Modeled valuation $6.0M (est)Series A2017Series A · 2019-12-23 Raised $267K (real) Modeled valuation $6.4M (est)Series A2019Series A · 2020-09-28 Raised $550K (real) Modeled valuation $12M (est)Series A2020Series A · 2021-02-25 Raised $200K (real) Modeled valuation $3.7M (est)Series A2021Series A · 2021-11-09 Raised $150K (real) Modeled valuation $2.1M (est)Series A2021Series A · 2023-10-18 Raised $105K (real) Modeled valuation $688K (est)Series A2023Cumulative $12M

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$5.0M · 2012
Series A extension$885K · 2014
Bridge · Series A-stage$100K · 2014smaller follow-on
Series A extension$2.8M · 2014
Series A extension$1.9M · 2016
Series A extension$250K · 2017
Series A extension$267K · 2019
Series A extension$550K · 2020
Series A extension$200K · 2021
Series A extension$150K · 2021
Series A extension$105K · 2023

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$688K
Base estimate est.
$129K
Conservative case
$1.7M
Upside case
$477K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the medical devices sector profile. Directional, not a quoted figure.

Series A · modeled $120.6M · 2012-07-012012Series A · modeled $21.4M · 2014-07-03Pre-Seed · modeled $3.7M · 2014-07-03Series A · modeled $67.3M · 2014-11-24Series A · modeled $44.6M · 2016-06-10Series A · modeled $6.0M · 2017-06-12Series A · modeled $6.4M · 2019-12-23Series A · modeled $12.0M · 2020-09-28Series A · modeled $3.7M · 2021-02-25Series A · modeled $2.1M · 2021-11-09Series A · modeled $688K · 2023-10-182023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
50%
Survival probability
27% low · 68% high
1.49×/yr
Annual markup
1.87×/yr upside case
2.7 yr
Elapsed time used
2.7 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$1.1M/yr
Capital velocity
14.0 yr
On record since
2012
First round
11
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. 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) 4.7× above median
This company$12.0M
Sector median$2.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$105K
Sector median$4.6M
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$688K
Sector median$15.4M

Raised more than 82% of sector peers (real $). Modeled value above 17% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #13 of 13.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)MBio Diagnostics, Inc. · Series A Raised $45.3M · modeled $77.3M (est)Vida Diagnostics Inc · Series A Raised $32.0M · modeled $73.7M (est)New View Surgical, Inc. · Series A Raised $15.8M · modeled $70.7M (est)Thunder Road Surgical, Llc · Series A Raised $5.8M · modeled $62.7M (est)Barsa Surgical Inc. · Series A Raised $10.0M · modeled $60.7M (est)Caire Health Holdings, Inc. · Series A Raised $6.7M · modeled $57.9M (est)Moichor Inc · Series A Raised $11.3M · modeled $57.6M (est)Tally Surgical, Inc. · Series A Raised $11.6M · modeled $38.8M (est)Hyperion Surgical, Inc. · Series A Raised $6.0M · modeled $38.7M (est)Minute Molecular Diagnostics, Inc. · Series A Raised $11.3M · modeled $35.0M (est)Acuamark Diagnostics, Inc. · Series A Raised $20.3M · modeled $25.6M (est)Checkpoint Surgical, Inc. · Series A Raised $35.2M · modeled $20.8M (est)Emerge Diagnostics, Inc (this company) Raised $12.0M · modeled $688K (est)Emerge Diagnostics, Inc
CompanyStageRaised · realValue · estvs peer med.
MBio Diagnostics, Inc.Series A$45.3M$77.3M1.34×
Vida Diagnostics IncSeries A$32.0M$73.7M1.28×
New View Surgical, Inc.Series A$15.8M$70.7M1.23×
Thunder Road Surgical, LlcSeries A$5.8M$62.7M1.09×
Barsa Surgical Inc.Series A$10.0M$60.7M1.05×
Caire Health Holdings, Inc.Series A$6.7M$57.9M1.00×
Moichor IncSeries A$11.3M$57.6M1.00×
Tally Surgical, Inc.Series A$11.6M$38.8M0.67×
Hyperion Surgical, Inc.Series A$6.0M$38.7M0.67×
Minute Molecular Diagnostics, Inc.Series A$11.3M$35.0M0.61×
Acuamark Diagnostics, Inc.Series A$20.3M$25.6M0.44×
Checkpoint Surgical, Inc.Series A$35.2M$20.8M0.36×
Emerge Diagnostics, Inc this companySeries A$12.0M$688K0.01×
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$5.0M2012-07-01$22.7M$120.6M85%
Series A$885K2014-07-03$4.0M$21.4M85%
Pre-Seed$100K2014-07-03$556K$3.7M85%
Series A$2.8M2014-11-24$12.7M$67.3M85%
Series A$1.9M2016-06-10$8.4M$44.6M85%
Series A$250K2017-06-12$1.1M$6.0M90%
Series A$267K2019-12-23$1.2M$6.4M90%
Series A$550K2020-09-28$2.5M$12.0M90%
Series A$200K2021-02-25$911K$3.7M90%
Series A$150K2021-11-09$682K$2.1M90%
Series A$105K2023-10-18$477K$688K90%
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$5.0M2012-07-01
    • First recorded raise — entered as Series A.
  2. Series A$885K2014-07-03
    • Raised 24 mo later, in step with the ~16 mo sector norm.
    • Round 5.6× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 5 investors on this round.
  3. Pre-Seed$100K2014-07-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 8.8× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series A$2.8M2014-11-24
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 27.9× larger than the prior — scaling up.
    • 1 investor on this round.
  5. Series A$1.9M2016-06-10
    • Raised 19 mo later, in step with the ~16 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  6. Series A$250K2017-06-12
    • Raised 12 mo later, in step with the ~16 mo sector norm.
    • Round 7.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Series A$267K2019-12-23
    • Raised again after 30 mo — slower than the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  8. Series A$550K2020-09-28
    • Came back fast: 9 mo vs the ~16 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
  9. Series A$200K2021-02-25
    • Came back fast: 5 mo vs the ~16 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  10. Series A$150K2021-11-09
    • Came back fast: 8 mo vs the ~16 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  11. Series A$105K2023-10-18
    • Raised 23 mo later, in step with the ~16 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~14mo cadence
$105K
Modeled next size est.range $105K$168K
0.7×
Last step-up
$1.1M/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
David Miller28 other2016-06
Robert Thompson12 other2014-07
MARK SAMPSON3 other2016-06
David Riker1 other2021-11
Murray Lappe1 other2016-06
David Saunders2023-10
Greer Woodruff2019-12
Jamie Harrell2012-07
Jerry Wilkins2012-07
MaryRose Cusimano-Reaston2019-12
MaryRose Cusimano-Reaston, Ph.D.2020-09
Mary Rose Reaston2014-07
Michael Connor2016-06
Phil Reaston2014-07
Scott Wolesson2016-06
Thomas Webster2019-12
William Quirk2016-06
Registry & provenance

Emerge Diagnostics, 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
1551259
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
Escreen IncOtherSeries B$26.9M$447.3Mnetwork3 shared operators
Nanomedical Diagnostics, Inc.Medical DevicesSeries A$12.0M$37.9Msame sector · same stage
Surgical Center of Greensboro, LLCMedical DevicesSeries A$12.4M$2.9Msame sector · same stage
Medite Cancer Diagnostics, Inc.Medical DevicesSeries A$12.4M$21.0Msame sector · same stage
Tally Surgical, Inc.Medical DevicesSeries A$11.6M$38.8Msame sector · same stage
Black Light Surgical, Inc.Medical DevicesSeries A$12.9M$6.9Msame sector · same stage
Minute Molecular Diagnostics, Inc.Medical DevicesSeries A$11.3M$35.0Msame sector · same stage
Moichor IncMedical DevicesSeries A$11.3M$57.6Msame 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
Burst Diagnostics, Inc.Medical DevicesSeed$14.0M88%
Empowered Diagnostics, LLCMedical DevicesSeed$27.8M87%
Halo Diagnostics LlcMedical DevicesPre-Seed$18.0M86%
Predictive Health Diagnostics Co.Medical DevicesSeries A$154.7M85%
Specific Diagnostics, Inc.Medical DevicesSeries B$463.6M85%
Digital Diagnostics Inc.Medical DevicesSeries C$1.2B85%
Accessible Diagnostics LLCMedical DevicesPre-Seed$8.1M85%
Magnolia Diagnostics, LLCMedical DevicesPre-Seed$34.5M85%
Frequently asked
How much funding has Emerge Diagnostics, Inc raised?
Emerge Diagnostics, Inc has raised approximately $12.0M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Emerge Diagnostics, Inc's estimated valuation?
Provath's modeled valuation for Emerge Diagnostics, Inc is approximately $688K (modeled range $129K–$1.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Emerge Diagnostics, Inc at?
Emerge Diagnostics, Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Oct 18.
What does Emerge Diagnostics, Inc do and where is it based?
Emerge Diagnostics, Inc operates in the Medical Devices sector, based in CARLSBAD.
Explore related

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