Diligence memo · auto-generated · as of July 2, 2026
Fourth State Technologies Inc.
Fourth State Technologies Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Fourth State Technologies Inc. operates in Software / Tech, based in ANN ARBOR.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fourth State Technologies Inc. has raised $125K 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: $125K on 2025-08-31.
Most recent recorded round closed around 2025-08-31.
Valuation (modeled)modeled
Provath models Fourth State Technologies Inc. at approximately $321K (range $82K–$759K). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.33× the median modeled value of Pre-Seed Software / Tech companies in 2025–2027 (105 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 10 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 5% of Software / Tech peers (3920 compared).
Modeled value ranks above 3% of those peers.
Closest niche peers: 1486 Labs LLC, Imagen Digital Dentistry Support Services, LLC, Quarion Technology Inc., 3rd-i Technology, Inc., Simulacra Data, Inc..
Peoplefiled
3 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.