Diligence memo · auto-generated · as of July 2, 2026
FlexEnergy, Inc.
FlexEnergy, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
FlexEnergy, Inc. operates in Other Energy, based in IRVINE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
FlexEnergy, Inc. has raised $38M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2012-11-13.
Most recent recorded round closed around 2012-11-13.
Valuation (modeled)modeled
Provath models FlexEnergy, Inc. at approximately $218M (range $45M–$837M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.89× the median modeled value of Series B Other Energy companies in 2010–2012 (28 peers) — value vs value, same stage and era. Within the normal band (89% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 13.6 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 88% of Other Energy peers (2049 compared).
Modeled value ranks above 90% of those peers.
Closest niche peers: Nexlube Operating Llc, OPX Biotechnologies Inc, Boulder Wind Power, Inc., Solar Power, Inc., Nexant, Inc.
Peoplefiled
24 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.