Companies · Software / Tech

Herrick Technology Laboratories, Inc.

Germantown · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Herrick Technology Laboratories, Inc. — recommendation, valuation, rhythm, risks.
$25.0M
Total raised · real
1
Rounds
Latest step-up
Top 18%
Sector rank · raised
Series B
Latest stage · inferred · Thu Mar 28 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Herrick Technology Laboratories, Inc. looks fair against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.00× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
  • Within the normal band (100% of peer median) for its niche.
At-risk
  • Last raise 2.3 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Herrick Technology Laboratories, Inc. is one of 3920 Software / Tech companies tracked from Germantown. By capital raised it ranks in the upper tier (ahead of 83% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2024-03-28
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2024-03-28 Raised $25M (real) Modeled valuation $205M (est)$25M$205MSeries B2024

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$25.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$204.6M
Base estimate est.
$61.2M
Conservative case
$384.8M
Upside case
$138.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
2.3 yr
Elapsed time used
2.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
2.3 yr
On record since
2024
First round
1
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 5.4× above median
This company$25.0M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.3× above median
This company$25.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 5.6× above median
This company$204.6M
Sector median$36.6M

Raised more than 83% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #88 of 174.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Argyle Systems Inc. · Series B Raised $36.7M · modeled $595.9M (est)Shoreline Software, Inc. · Series B Raised $57.0M · modeled $584.1M (est)ALICE Technologies, Inc. · Series B Raised $59.6M · modeled $544.6M (est)Tint Technologies Inc. · Series B Raised $29.6M · modeled $528.0M (est)Vanilla Technologies Inc. · Series B Raised $49.3M · modeled $496.3M (est)Red Team Software, LLC · Series B Raised $28.3M · modeled $494.1M (est)LongPath Technologies, Inc. · Series B Raised $39.8M · modeled $488.3M (est)SmartX Technology Solutions Inc. · Series B Raised $42.0M · modeled $488.2M (est)On Demand Technologies, Inc. · Series B Raised $54.9M · modeled $441.5M (est)Meow Technologies Inc. · Series B Raised $28.1M · modeled $439.9M (est)Paytient Technologies, Inc. · Series B Raised $53.9M · modeled $436.5M (est)Trunk Technologies, Inc. · Series B Raised $28.5M · modeled $429.4M (est)Herrick Technology Laboratories, Inc. (this company) Raised $25.0M · modeled $204.6M (est)Herrick Technology Laboratories, Inc.
CompanyStageRaised · realValue · estvs peer med.
Argyle Systems Inc.Series B$36.7M$595.9M2.91×
Shoreline Software, Inc.Series B$57.0M$584.1M2.85×
ALICE Technologies, Inc.Series B$59.6M$544.6M2.66×
Tint Technologies Inc.Series B$29.6M$528.0M2.58×
Vanilla Technologies Inc.Series B$49.3M$496.3M2.42×
Red Team Software, LLCSeries B$28.3M$494.1M2.41×
LongPath Technologies, Inc.Series B$39.8M$488.3M2.38×
SmartX Technology Solutions Inc.Series B$42.0M$488.2M2.38×
On Demand Technologies, Inc.Series B$54.9M$441.5M2.15×
Meow Technologies Inc.Series B$28.1M$439.9M2.15×
Paytient Technologies, Inc.Series B$53.9M$436.5M2.13×
Trunk Technologies, Inc.Series B$28.5M$429.4M2.10×
Herrick Technology Laboratories, Inc. this companySeries B$25.0M$204.6M1.00×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$25.0M2024-03-28$138.9M$204.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$25.0M2024-03-28
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
Intelligence
Modeled next raise
$40.0M
Modeled next size est.range $26.0M$64.0M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Acie L Vickers, Jr.2024-03
John L Slaughter2024-03
Mark L Frantz2024-03
Ron L Sayco2024-03
Registry & provenance

Herrick Technology Laboratories, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2019506
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Tabs Platform, Inc.Software / TechSeries B$25.0M$170.8Msame sector · same stage
Mainstay Labs Inc.Software / TechSeries B$24.9M$181.1Msame sector · same stage
Ikigai Labs, Inc.Software / TechSeries B$24.8M$254.7Msame sector · same stage
MD Ally Technologies, Inc.Software / TechSeries B$24.7M$179.3Msame sector · same stage
Formic Labs LLCSoftware / TechSeries B$25.5M$220.5Msame sector · same stage
Mile High Labs International, Inc.Software / TechSeries B$25.5M$229.1Msame sector · same stage
Invent Analytics Inc.Software / TechSeries B$24.5M$135.6Msame sector · same stage
Data Collider Technology LLCSoftware / TechSeries B$24.0M$147.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Allium Labs, Inc.Software / TechSeries A$52.5M84%
Nomyx Technology Labs Inc.Software / TechSeed$13.4M83%
Woolly Labs, Inc.Software / TechSeries A$163.6M82%
Aleph Labs, Inc.Software / TechSeries B$143.6M82%
Gatsby Labs, Inc.Software / TechSeed$131.1M82%
WellNest Technologies, Inc.Software / TechPre-Seed$364K82%
Hark Labs Inc.Software / TechSeries C$279.9M82%
Terabitten Technologies Inc.Software / TechPre-Seed$1.4M82%
Frequently asked
How much funding has Herrick Technology Laboratories, Inc. raised?
Herrick Technology Laboratories, Inc. has raised approximately $25.0M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Herrick Technology Laboratories, Inc.'s estimated valuation?
Provath's modeled valuation for Herrick Technology Laboratories, Inc. is approximately $204.6M (modeled range $61.2M–$384.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Herrick Technology Laboratories, Inc. at?
Herrick Technology Laboratories, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Mar 28.
What does Herrick Technology Laboratories, Inc. do and where is it based?
Herrick Technology Laboratories, Inc. operates in the Software / Tech sector, based in Germantown.
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