Diligence memo · auto-generated · as of July 2, 2026
Fonality Inc
Fonality Inc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Fonality Inc operates in Telecommunications, based in PLANO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fonality Inc has raised $29M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $14M on 2014-09-10.
Most recent recorded round closed around 2014-09-30.
Valuation (modeled)modeled
Provath models Fonality Inc at approximately $11M (range $794K–$57M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Series A Telecommunications companies in 2013–2015 (41 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 11.8 yr ago; this sector typically re-raises about every 10 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 82% of Telecommunications peers (929 compared).
Modeled value ranks above 27% of those peers.
Closest niche peers: Texas Energy Network, LLC, Novatel Wireless Inc, USConnect Holdings, Inc., Insite Wireless Group, LLC, Fiberzone Networks Inc.
Peoplefiled
7 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.