Diligence memo · auto-generated · as of July 2, 2026
Fluidstack Ltd
Fluidstack Ltd looks fair against its niche peers and is active on financing cadence.
Businessfiled
Fluidstack Ltd operates in Other Technology, based in LONDON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fluidstack Ltd has raised $450M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $450M on 2026-01-10.
Most recent recorded round closed around 2026-01-10.
Valuation (modeled)modeled
Provath models Fluidstack Ltd at approximately $4.4B (range $3.4B–$4.9B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.87× the median modeled value of Growth/Late Other Technology companies in 2025–2027 (9 peers) — value vs value, same stage and era. Within the normal band (87% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 6 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of Other Technology peers (21302 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: EssentaTor Inc., Kalshi Inc., nFusz, Inc., Rarestep, Inc., MatX Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.