Companies · Other Technology

Expanse, Inc.Spring 2026Active

SAN FRANCISCO · CA, USA · Other Technology · founded 2026 · https://expanse.sh

Diligence memoA one-page analyst read on Expanse, Inc. — recommendation, valuation, rhythm, risks.
$99.3M
Total raised · real
3
Rounds
0.4×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Mon Apr 01 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Expanse, Inc. looks over-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.

Over-valued
  • Modeled value is 1.52× the median modeled value of Series C Other Technology companies in 2019–2021 (203 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.2 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

Expanse, Inc. is one of 21292 Other Technology companies tracked from SAN FRANCISCO, CA, USA, on record since 2026. By capital raised it ranks among the largest (ahead of 97% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Unlock wasted GPU capacity.

Expanse unlocks wasted GPU capacity. We recover idle compute through three capabilities: resource prediction (right-sizing job submissions before they reach the scheduler), optimisation suggestions (code and config changes researchers can apply themselves), and failure prediction (catching jobs that will fail before they consume hours of GPU time). We’re four engineers. We ran HPC and GPU training workloads at the largest quant funds and national supercomputing centres. We faced this problem first hand and the only fix was to over-provision and burn millions. Ismaeel built the first multimodal HPC resource predictor as research at EPCC (Edinburgh’s Parallel Computing Centre), which beat every published baseline. This is the tool we wish we had.

Deep LearningB2BInfrastructureML
Find Expanse, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2019-04-01
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$1.3B$2.5B$3.8B$5.0BSeries A · 2015-05-08 Raised $6.0M (real) Modeled valuation $166M (est)$6.0M$166MSeries A2015Seed · 2015-05-08 Raised $2.1M (real) Modeled valuation $73M (est)$2.1M$73MSeed2015Series B · 2016-05-20 Raised $23M (real) Modeled valuation $710M (est)$23M$710MSeries B2016Series C · 2019-04-01 Raised $70M (real) Modeled valuation $2.2B (est)$70M$2.2BSeries C2019Series B · 2019-04-01 Raised $30M (real) Modeled valuation $914M (est)$30M$914MSeries B2019+$2.1M+$23M+$70M+$30MCumulative $131M

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$6.0M · 2015
Bridge · Series A-stage$2.1M · 2015smaller follow-on
Series B$23.3M · 2016
Series C$70.0M · 2019
Bridge · Series C-stage$30.0M · 2019smaller follow-on

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$2.2B
Base estimate est.
$265.3M
Conservative case
$5.8B
Upside case
$466.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $165.6M · 2015-05-082015Seed · modeled $73.3M · 2015-05-08Series B · modeled $709.9M · 2016-05-20Series C · modeled $2.2B · 2019-04-01Series B · modeled $913.7M · 2019-04-012019
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
7.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$25.5M/yr
Capital velocity
11.2 yr
On record since
2015
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 31× above median
This company$99.3M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.6× of median
This company$30.0M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 59× above median
This company$2.2B
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 98% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #36 of 203.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Sinoc INC · Series C Raised $100.0M · modeled $3.1B (est)Aldol · Series C Raised $100.0M · modeled $3.1B (est)aidol, LLC · Series C Raised $100.0M · modeled $3.1B (est)Aoex, Llc · Series C Raised $100.0M · modeled $3.1B (est)vtoken, llc · Series C Raised $100.0M · modeled $3.1B (est)Mark Miner,INC · Series C Raised $100.0M · modeled $3.1B (est)Singapore Orta Foundation Ltd. · Series C Raised $100.0M · modeled $3.1B (est)Smartrent.Com, Inc. · Series C Raised $132.1M · modeled $3.0B (est)ForgeRock, Inc. · Series C Raised $202.8M · modeled $2.9B (est)Lime Light Holding Company, LLC · Series C Raised $91.0M · modeled $2.9B (est)Goweb Token Ltd · Series C Raised $90.0M · modeled $2.8B (est)Hykso Inc. · Series C Raised $89.6M · modeled $2.8B (est)Expanse, Inc. (this company) Raised $99.3M · modeled $2.2B (est)Expanse, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sinoc INCSeries C$100.0M$3.1B2.18×
AldolSeries C$100.0M$3.1B2.18×
aidol, LLCSeries C$100.0M$3.1B2.18×
Aoex, LlcSeries C$100.0M$3.1B2.18×
vtoken, llcSeries C$100.0M$3.1B2.18×
Mark Miner,INCSeries C$100.0M$3.1B2.18×
Singapore Orta Foundation Ltd.Series C$100.0M$3.1B2.18×
Smartrent.Com, Inc.Series C$132.1M$3.0B2.09×
ForgeRock, Inc.Series C$202.8M$2.9B2.01×
Lime Light Holding Company, LLCSeries C$91.0M$2.9B1.98×
Goweb Token LtdSeries C$90.0M$2.8B1.96×
Hykso Inc.Series C$89.6M$2.8B1.95×
Expanse, Inc. this companySeries C$99.3M$2.2B1.52×
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$6.0M2015-05-08$27.1M$165.6M85%
Seed$2.1M2015-05-08$10.8M$73.3M85%
Series B$23.3M2016-05-20$129.5M$709.9M85%
Series C$70.0M2019-04-01$466.7M$2.2B90%
Series B$30.0M2019-04-01$166.7M$913.7M90%
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$6.0M2015-05-08
    • First recorded raise — entered as Series A.
    • 16 investors on this round.
  2. Seed$2.1M2015-05-08
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 5 investors on this round.
  3. Series B$23.3M2016-05-20
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 10.8× larger than the prior — scaling up.
    • 19 investors on this round.
  4. Series C$70.0M2019-04-01
    • Raised again after 34 mo — slower than the ~13 mo sector norm.
    • Round 3.0× larger than the prior — scaling up.
    • 38 investors on this round.
  5. Series B$30.0M2019-04-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~12mo cadence
$30.0M
Modeled next size est.range $30.0M$48.0M
0.4×
Last step-up
$25.5M/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
Scott Sandell18 other2016-05
Shaun Maguire3 other2015-05
David Dorman2 other2016-05
Joseph Meyerowitz2015-05
Matthew Kraning2015-05
Tim Junio2015-05
Registry & provenance

Expanse, 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
1642992
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
Workday, Inc.Other TechnologySeries C$183.6M$3.1Bnetwork1 shared operator · same sector · same stage
Casa Systems IncOther TechnologySeries C$99.6M$3.0Bsame sector · same stage
Shazam Entertainment LtdOther TechnologySeries C$98.9M$1.6Bsame sector · same stage
Dynamic Network Services, Inc.Other TechnologySeries C$99.7M$1.6Bsame sector · same stage
Glu Mobile IncOther TechnologySeries C$98.6M$2.4Bsame sector · same stage
ThoughtSpot, Inc.Other TechnologySeries C$100.0M$2.1Bsame sector · same stage
Bryce Catalyst IncOther TechnologySeries C$100.0M$2.7Bsame sector · same stage
Interpaper Research OrganizationOther TechnologySeries C$100.0M$2.0Bsame 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
SF Tensor
Infrastructure for AI labs to focus on research.
AI / ML74%
Zibra Labs
Distributed runtime for AI workloads at scale
AI / ML73%
Crusoe Energy Holdings Inc.
Crusoe provides next-gen AI infrastructure and cloud compute using an energy-first approach. Deploy AI workloads at scale with reliable performance and 24/7 support.
AI / MLGrowth/Late$11.0B72%
Lilac
We automatically monetize idle GPUs
72%
Expanse 3D, Inc.Other TechnologySeed$39.9M71%
ZeroEntropy
Artificial Specialized Intelligence
AI / ML71%
Cedana
Fast, reliable, reproducible AI with GPU live migration
AI / ML71%
Shadeform
The GPU Cloud Marketplace
AI / ML71%
Frequently asked
How much funding has Expanse, Inc. raised?
Expanse, Inc. has raised approximately $99.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Expanse, Inc.'s estimated valuation?
Provath's modeled valuation for Expanse, Inc. is approximately $2.2B (modeled range $265.3M–$5.8B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Expanse, Inc. at?
Expanse, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Apr 01.
What does Expanse, Inc. do and where is it based?
Expanse, Inc. operates in the Other Technology sector, based in SAN FRANCISCO, CA, USA. Unlock wasted GPU capacity.
Explore related

See where Expanse, 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 Expanse, 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.