Companies · Cybersecurity

Hyas Infosec Inc.

VANCOUVER · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Hyas Infosec Inc. — recommendation, valuation, rhythm, risks.
$32.0M
Total raised · real
2
Rounds
3.7×
Latest step-up
Top 13%
Sector rank · raised
Series B
Latest stage · inferred · Thu Dec 19 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Hyas Infosec Inc. looks over-valued against its niche peers and is dormant on financing cadence.

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

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

Over-valued
  • Modeled value is 1.67× the median modeled value of Series B Cybersecurity companies in 2019–2021 (7 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.5 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
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 Cybersecurity

Hyas Infosec Inc. is one of 270 Cybersecurity companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and among the largest by modeled valuation est..

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

cybersecurity

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
23
Investors (latest)
2019-12-19
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$250M$500M$750M$1.0BSeries A · 2018-06-18 Raised $6.8M (real) Modeled valuation $213M (est)$6.8M$213MSeries A2018Series B · 2019-12-19 Raised $25M (real) Modeled valuation $873M (est)$25M$873MSeries B2019+$25MCumulative $32M

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 A$6.8M · 2018
Series B$25.2M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$873.0M
Base estimate est.
$63.1M
Conservative case
$3.4B
Upside case
$140.2M
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 cybersecurity sector profile. Directional, not a quoted figure.

Series A · modeled $213.0M · 2018-06-182018Series B · modeled $873.0M · 2019-12-192019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.45×/yr
Annual markup
1.75×/yr upside case
6.0 yr
Elapsed time used
6.5 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
18 mo
Avg between rounds
$21.3M/yr
Capital velocity
8.0 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. 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) 5.1× above median
This company$32.0M
Sector median$6.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$25.2M
Sector median$20.5M
Modeled value — vs sector median (estimate, all stages) 19× above median
This company$873.0M
Sector median$45.4M

Raised more than 88% of sector peers (real $). Modeled value above 96% 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 #2 of 7.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)CyberGRX, Inc. · Series B Raised $85.0M · modeled $1.4B (est)Anjuna Security, Inc. · Series B Raised $30.0M · modeled $732.7M (est)Securrency, Inc. · Series B Raised $38.8M · modeled $524.2M (est)Vera Security, Inc. · Series B Raised $69.7M · modeled $479.9M (est)Securonix, Inc. · Series B Raised $41.0M · modeled $415.1M (est)Scope Security, Inc. · Series B Raised $18.8M · modeled $405.3M (est)Hyas Infosec Inc. (this company) Raised $32.0M · modeled $873.0M (est)Hyas Infosec Inc.
CompanyStageRaised · realValue · estvs peer med.
CyberGRX, Inc.Series B$85.0M$1.4B2.64×
Hyas Infosec Inc. this companySeries B$32.0M$873.0M1.67×
Anjuna Security, Inc.Series B$30.0M$732.7M1.40×
Securrency, Inc.Series B$38.8M$524.2M1.00×
Vera Security, Inc.Series B$69.7M$479.9M0.92×
Securonix, Inc.Series B$41.0M$415.1M0.79×
Scope Security, Inc.Series B$18.8M$405.3M0.77×
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 A$6.8M2018-06-18$30.7M$213.0M90%
Series B$25.2M2019-12-19$140.2M$873.0M90%
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 A$6.8M2018-06-18
    • First recorded raise — entered as Series A.
    • 9 investors on this round.
  2. Series B$25.2M2019-12-19
    • Raised 18 mo later, in step with the ~15 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 23 investors on this round.
Intelligence
2021 ~Q2
Modeled next raise · ~18mo cadence
$75.7M
Modeled next size est.range $49.2M$121.1M
3.7×
Last step-up
$21.3M/yr
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
CHRIS DAVIS3 other2018-06
Charles Plauche, Jr.2 other2019-12
MATTHEW GOLDSTEIN2 other2018-06
TIM EADES2 other2018-06
Todd Graham2 other2019-12
David Ratner2019-12
JEFF SPENCER2018-06
Katherine Kuehn2019-12
OWEN MATTHEWS2018-06
Registry & provenance

Hyas Infosec 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
1742671
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
VP Security Management, LPCybersecuritySeries B$33.0M$162.9Msame sector · same stage
Fable Security, Inc.CybersecuritySeries B$30.8M$135.6Msame sector · same stage
Anjuna Security, Inc.CybersecuritySeries B$30.0M$732.7Msame sector · same stage
3VR Security IncCybersecuritySeries B$34.9M$85.4Msame sector · same stage
Permiso Security Inc.CybersecuritySeries B$29.1M$270.4Msame sector · same stage
VP Security Holdings, LPCybersecuritySeries B$35.4M$174.6Msame sector · same stage
CyberSaint, Inc.CybersecuritySeries B$27.7M$191.6Msame sector · same stage
Riot Security, Inc.CybersecuritySeries B$37.3M$191.9Msame 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
Cyberinc CorpCybersecuritySeries A$116.6M80%
Blacksmith Infosec, LLCCybersecuritySeed$6.2M80%
HGC (Cayman) Info Tech Co. LtdSoftware / TechSeries B$361.2M78%
Sevco Security, Inc.CybersecuritySeries A$135.8M78%
Cyberspatial Inc.CybersecuritySeed$6.6M77%
Cyber Safety IncCybersecurityPre-Seed$3.7M76%
Cybernetex Corp.CybersecurityPre-Seed$15.8M76%
Tidal Cyber Inc.CybersecuritySeries B$82.5M76%
Frequently asked
How much funding has Hyas Infosec Inc. raised?
Hyas Infosec Inc. has raised approximately $32.0M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Hyas Infosec Inc.'s estimated valuation?
Provath's modeled valuation for Hyas Infosec Inc. is approximately $873.0M (modeled range $63.1M–$3.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Hyas Infosec Inc. at?
Hyas Infosec Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Dec 19.
What does Hyas Infosec Inc. do and where is it based?
Hyas Infosec Inc. operates in the Cybersecurity sector, based in VANCOUVER.
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