Diligence memo · auto-generated · as of July 2, 2026
Grail, Inc.
Grail, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Grail, Inc. operates in Biotechnology, based in Menlo Park.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Grail, Inc. has raised $2.2B in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $1.2B on 2017-02-28.
Most recent recorded round closed around 2025-10-21.
Valuation (modeled)modeled
Provath models Grail, Inc. at approximately $2.9B (range $2.0B–$3.3B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Growth/Late Biotechnology companies in 2025–2027 (5 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 8 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Biotechnology peers (4293 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Neuralink Corp., Eikon Therapeutics, Inc., Treeline Biosciences, Inc., Castle Creek Biosciences, Inc..
Peoplefiled
24 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.