Diligence memo · auto-generated · as of July 2, 2026
Faire Inc.
Faire Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Faire Inc. operates in AI / ML, based in AUSTIN, CA, USA. The global online platform empowering independent retail.
Sub-sector tags: Marketplace, Retail, ai/ml, ecommerce/retail.
Capital & rounds (filed)filed
Faire Inc. has raised $575K 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: $575K on 2018-02-23.
Most recent recorded round closed around 2018-02-23.
Valuation (modeled)modeled
Provath models Faire Inc. at approximately $32M (range $376K–$360M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.23× the median modeled value of Pre-Seed AI / ML companies in 2016–2018 (20 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 8.4 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 69% of AI / ML peers (2067 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Downstream.ai, Inc., Magic AI Corp, Animated Intelligence, Inc., Aerobotics, SAM AI, Inc..
Peoplefiled
2 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.