Diligence memo · auto-generated · as of July 2, 2026
Gray Swan Security Inc.
Gray Swan Security Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Gray Swan Security Inc. operates in Cybersecurity, based in PITTSBURGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Gray Swan Security Inc. has raised $5.7M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.5M on 2024-05-10.
Most recent recorded round closed around 2024-05-10.
Valuation (modeled)modeled
Provath models Gray Swan Security Inc. at approximately $34M (range $7.5M–$76M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.65× the median modeled value of Series A Cybersecurity companies in 2022–2024 (29 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 2 months.
Last raise 2.1 yr ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
The last round stepped up 30.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 58% of Cybersecurity peers (270 compared).
Modeled value ranks above 53% of those peers.
Closest niche peers: Surefire Cyber Inc., Zilla Security Inc., AaDya Security, Inc, Sevco Security, Inc., DeepSurface Security, 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.