Diligence memo · auto-generated · as of July 2, 2026
ExplORer Surgical Corp.
ExplORer Surgical Corp. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
ExplORer Surgical Corp. operates in Medical Devices, based in CHICAGO.
Sub-sector tags: medical-devices.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
ExplORer Surgical Corp. has raised $11M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.4M on 2019-01-24.
Most recent recorded round closed around 2021-03-31.
Valuation (modeled)modeled
Provath models ExplORer Surgical Corp. at approximately $46M (range $3.1M–$210M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.93× the median modeled value of Series A Medical Devices companies in 2019–2021 (17 peers) — value vs value, same stage and era. Within the normal band (93% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 5.3 yr ago; this sector typically re-raises about every 16 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 79% of Medical Devices peers (233 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Reliant Immune Diagnostics, Inc., Pristine Surgical LLC, Predictive Health Diagnostics Co., Juno Diagnostics, Inc., Allotrope Medical Inc..
Peoplefiled
10 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.