Diligence memo · auto-generated · as of July 2, 2026
Forj Software, Inc.
Forj Software, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Forj Software, Inc. operates in Software / Tech, based in Delafield.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Forj Software, Inc. has raised $28M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $18M on 2022-12-22.
Most recent recorded round closed around 2026-01-26.
Valuation (modeled)modeled
Provath models Forj Software, Inc. at approximately $13M (range $7.4M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.13× the median modeled value of Series B Software / Tech companies in 2025–2027 (95 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 5 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 3.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 85% of Software / Tech peers (3920 compared).
Modeled value ranks above 31% of those peers.
Closest niche peers: Machina Labs, Inc., Metaview Technologies Inc., Felix Technologies Inc., Foxglove Technologies Inc., NetBox Labs, Inc..
Peoplefiled
4 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.