Diligence memo · auto-generated · as of July 2, 2026
ESS Tech, Inc.
ESS Tech, Inc. looks over-valued against its niche peers and is active on financing cadence.
Businessfiled
ESS Tech, Inc. operates in Manufacturing, based in WILSONVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ESS Tech, Inc. has raised $900K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $900K on 2025-07-10.
Most recent recorded round closed around 2025-07-10.
Valuation (modeled)modeled
Provath models ESS Tech, Inc. at approximately $2.2M (range $612K–$5.4M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 3.67× the median modeled value of Pre-Seed Manufacturing companies in 2025–2027 (49 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 12 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 33% of Manufacturing peers (3257 compared).
Modeled value ranks above 15% of those peers.
Closest niche peers: Txtur LLC, Hitch Fire Inc., Twenty-Two Desserts, Inc., Dozy Llc, Cottonsie Inc.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.