Diligence memo · auto-generated · as of July 1, 2026
Fresnel Software Corp
Fresnel Software Corp looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Fresnel Software Corp operates in Software / Tech, based in CALGARY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fresnel Software Corp has raised $6.6M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.5M on 2019-05-13.
Most recent recorded round closed around 2021-07-28.
Valuation (modeled)modeled
Provath models Fresnel Software Corp at approximately $31M (range $1.3M–$180M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.62× the median modeled value of Seed Software / Tech companies in 2019–2021 (296 peers) — value vs value, same stage and era. Issuer reports $1M–$5M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 4.9 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 60% of Software / Tech peers (3920 compared).
Modeled value ranks above 48% of those peers.
Closest niche peers: OneSky Systems, Inc., Mona Labs Inc., Toro Data Labs, Inc, Gatsby Labs, Inc., Parallel Systems, Inc..
Peoplefiled
13 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.