Companies · Software / Tech

Evolon Technology, Inc.

DALLAS · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Evolon Technology, Inc. — recommendation, valuation, rhythm, risks.
$15.0M
Total raised · real
3
Rounds
1.0×
Latest step-up
Top 26%
Sector rank · raised
Series A
Latest stage · inferred · Thu Feb 27 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Evolon Technology, 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 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 0.45× the median modeled value of Series A Software / Tech companies in 2025–2027 (205 peers) — value vs value, same stage and era.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 13 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 Software / Tech

Evolon Technology, Inc. is one of 3920 Software / Tech companies tracked from DALLAS. By capital raised it ranks in the upper tier (ahead of 75% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
123
Investors (latest)
2025-02-27
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 · 2021-07-30 Raised $10M (real) Modeled valuation $188M (est)$10M$188MSeries A2021Series A · 2024-02-13 Raised $2.3M (real) Modeled valuation $15M (est)$2.3M$15MSeries A2024Series A · 2025-02-27 Raised $2.2M (real) Modeled valuation $9.4M (est)$2.2M$9.4MSeries A2025+$2.3M+$2.2MCumulative $15M

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$10.5M · 2021
Series A extension$2.3M · 2024
Series A extension$2.2M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$9.4M
Base estimate est.
$3.0M
Conservative case
$17.5M
Upside case
$10.2M
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 technology sector profile. Directional, not a quoted figure.

Series A · modeled $188.0M · 2021-07-302021Series A · modeled $14.9M · 2024-02-13Series A · modeled $9.4M · 2025-02-272025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$4.2M/yr
Capital velocity
4.9 yr
On record since
2021
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 3.3× above median
This company$15.0M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.2M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$9.4M
Sector median$36.6M

Raised more than 75% of sector peers (real $). Modeled value above 25% 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 #168 of 205.

This companyCohort peer
$1.0M$10.0M$100.0M$10.0M$100.0MCapital raised (log)Integrity Labs, Inc. · Series A Raised $15.0M · modeled $62.6M (est)Volteras Technologies, Inc. · Series A Raised $14.6M · modeled $59.4M (est)Unto Labs, Inc. · Series A Raised $14.4M · modeled $57.7M (est)Veda Tech Labs Inc. · Series A Raised $18.0M · modeled $57.1M (est)Caliber Labs, PBC · Series A Raised $14.4M · modeled $53.9M (est)Doji Labs, Inc. · Series A Raised $13.6M · modeled $53.0M (est)KEA Cloud, Inc. · Series A Raised $13.7M · modeled $52.2M (est)CherryCircle Software, Inc. · Series A Raised $32.4M · modeled $52.0M (est)Blacksmith Software Inc. · Series A Raised $13.6M · modeled $51.3M (est)Frenzy Crop Systems, Inc. · Series A Raised $13.6M · modeled $51.2M (est)Million Software, Inc. · Series A Raised $13.6M · modeled $51.1M (est)TAU Systems Inc. · Series A Raised $12.5M · modeled $50.9M (est)Evolon Technology, Inc. (this company) Raised $15.0M · modeled $9.4M (est)Evolon Technology, Inc.
CompanyStageRaised · realValue · estvs peer med.
Integrity Labs, Inc.Series A$15.0M$62.6M2.97×
Volteras Technologies, Inc.Series A$14.6M$59.4M2.82×
Unto Labs, Inc.Series A$14.4M$57.7M2.74×
Veda Tech Labs Inc.Series A$18.0M$57.1M2.71×
Caliber Labs, PBCSeries A$14.4M$53.9M2.56×
Doji Labs, Inc.Series A$13.6M$53.0M2.52×
KEA Cloud, Inc.Series A$13.7M$52.2M2.48×
CherryCircle Software, Inc.Series A$32.4M$52.0M2.47×
Blacksmith Software Inc.Series A$13.6M$51.3M2.44×
Frenzy Crop Systems, Inc.Series A$13.6M$51.2M2.43×
Million Software, Inc.Series A$13.6M$51.1M2.43×
TAU Systems Inc.Series A$12.5M$50.9M2.42×
Evolon Technology, Inc. this companySeries A$15.0M$9.4M0.45×
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$10.5M2021-07-30$47.7M$188.0M90%
Series A$2.3M2024-02-13$10.5M$14.9M90%
Series A$2.2M2025-02-27$10.2M$9.4M90%
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$10.5M2021-07-30
    • First recorded raise — entered as Series A.
    • 128 investors on this round.
  2. Series A$2.3M2024-02-13
    • Raised again after 30 mo — slower than the ~13 mo sector norm.
    • Round 4.5× smaller than the prior — bridge or down round.
    • 38 investors on this round.
  3. Series A$2.2M2025-02-27
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 123 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~21mo cadence
$2.2M
Modeled next size est.range $2.2M$3.6M
1.0×
Last step-up
$4.2M/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
Douglas H. Kramp1 other2021-07
Steven R. Ganss1 other2021-07
Blake J. Pyle2024-02
Blake W Pyle2021-07
Cynthia A. Keith2024-02
Jiri V. Modry2024-02
Keith V. Archer2024-02
Kevin W Stadler2021-07
Steve J. Ganns2025-02
Thomas J. Galvin2024-02
Registry & provenance

Evolon Technology, 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
1872411
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
Cataboom ReignRock LLCOther TechnologySeries A$8.1M$157.8Mnetwork2 shared operators · same stage
InsPro Technologies CorpSoftware / TechSeries A$15.2M$8.3Msame sector · same stage
Tynt Technologies, Inc.Software / TechSeries A$15.3M$8.8Msame sector · same stage
Lera Investment Technologies, Inc.Software / TechSeries A$15.3M$6.7Msame sector · same stage
EnAct Systems Inc.Software / TechSeries A$15.7M$7.8Msame sector · same stage
Caliza Financial Technologies, Inc.Software / TechSeries A$14.0M$6.8Msame sector · same stage
Safire Technology Group, Inc.Software / TechSeries A$13.7M$8.5Msame sector · same stage
Alpine 4 Technologies Ltd.Software / TechSeries A$16.8M$8.0Msame 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
Evolv Technologies, Inc.Software / TechSeries B$363.5M89%
Zolo Technologies, Inc.Software / TechSeed$26.1M86%
Evisort Inc.Other TechnologySeries B$874.8M85%
Gentian Technologies, Inc.Software / TechPre-Seed$1.9M84%
Apeiron Labs, Inc.Software / TechSeries A$27.3M83%
eVideon, Inc.Other TechnologySeed$5.2M82%
Topologic Technologies, Inc.Software / TechSeries A$49.0M82%
Picolo Labs IncSoftware / TechSeed$59.6M82%
Frequently asked
How much funding has Evolon Technology, Inc. raised?
Evolon Technology, Inc. has raised approximately $15.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Evolon Technology, Inc.'s estimated valuation?
Provath's modeled valuation for Evolon Technology, Inc. is approximately $9.4M (modeled range $3.0M–$17.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Evolon Technology, Inc. at?
Evolon Technology, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Feb 27.
What does Evolon Technology, Inc. do and where is it based?
Evolon Technology, Inc. operates in the Software / Tech sector, based in DALLAS.
Explore related

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