Companies · Other Technology

I-Pulse Inc.

VANCOUVER · Other Technology

Diligence memoA one-page analyst read on I-Pulse Inc. — recommendation, valuation, rhythm, risks.
$349.4M
Total raised · real
6
Rounds
0.9×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Wed Jul 16 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

I-Pulse Inc. looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.62× the median modeled value of Series D+ Other Technology companies in 2025–2027 (60 peers) — value vs value, same stage and era.
Active
  • Last raise 11 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Other Technology

I-Pulse Inc. is one of 21292 Other Technology companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 99% 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.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
16
Investors (latest)
2025-07-16
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$1.3B$2.5B$3.8B$5.0BSeries C · 2010-09-10 Raised $45M (real) Modeled valuation $1.4B (est)Series C2010Series C · 2013-10-31 Raised $3.0M (real) Modeled valuation $94M (est)Series C2013Series C · 2015-01-15 Raised $70M (real) Modeled valuation $2.2B (est)Series C2015Series D+ · 2015-01-15 Raised $125M (real) Modeled valuation $3.9B (est)Series D+2015Series D+ · 2018-10-24 Raised $25M (real) Modeled valuation $791M (est)Series D+2018Series D+ · 2023-06-30 Raised $79M (real) Modeled valuation $1.2B (est)Series D+2023Series D+ · 2025-07-16 Raised $72M (real) Modeled valuation $641M (est)Series D+2025+$3.0M+$70M+$125M+$25M+$79M+$72MCumulative $419M

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 C$45.0M · 2010
Series C extension$3.0M · 2013
Series C extension$69.5M · 2015
Series D+$124.5M · 2015
Series D+ extension$25.0M · 2018
Series D+ extension$79.4M · 2023
Series D+ extension$72.5M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$641.0M
Base estimate est.
$402.5M
Conservative case
$790.6M
Upside case
$604.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series C · modeled $1.4B · 2010-09-102010Series C · modeled $94.3M · 2013-10-31Series C · modeled $2.2B · 2015-01-15Series D+ · modeled $3.9B · 2015-01-15Series D+ · modeled $790.8M · 2018-10-24Series D+ · modeled $1.2B · 2023-06-30Series D+ · modeled $641.0M · 2025-07-162025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$23.5M/yr
Capital velocity
15.8 yr
On record since
2010
First round
7
Rounds on file
How it compares to the market

Benchmarked against 21292 companies in Other Technology. 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) 110× above median
This company$349.4M
Sector median$3.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.6× of median
This company$72.5M
Sector median$115.0M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$641.0M
Sector median$37.3M

Raised more than 99% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #51 of 60.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0B$10.0BCapital raised (log)ServiceNow, Inc. · Series D+ Raised $459.3M · modeled $3.6B (est)Castelion Corp · Series D+ Raised $434.0M · modeled $3.1B (est)Cryptyde, Inc. · Series D+ Raised $350.9M · modeled $2.3B (est)Niantic Spatial, Inc. · Series D+ Raised $248.0M · modeled $2.3B (est)Robin Motor Ltd · Series D+ Raised $250.0M · modeled $2.2B (est)D-Wave Quantum Inc. · Series D+ Raised $275.0M · modeled $2.1B (est)Bending Spoons S.p.A. · Series D+ Raised $323.0M · modeled $2.0B (est)Signify Holdings, Inc. · Series D+ Raised $307.5M · modeled $2.0B (est)American Bitcoin Corp. · Series D+ Raised $220.1M · modeled $2.0B (est)Omatwt, Llc · Series D+ Raised $200.0M · modeled $2.0B (est)Covenantz Inc. · Series D+ Raised $400.0M · modeled $1.9B (est)Raintank Inc. · Series D+ Raised $913.7M · modeled $1.9B (est)I-Pulse Inc. (this company) Raised $349.4M · modeled $641.0M (est)I-Pulse Inc.
CompanyStageRaised · realValue · estvs peer med.
ServiceNow, Inc.Series D+$459.3M$3.6B3.41×
Castelion CorpSeries D+$434.0M$3.1B3.01×
Cryptyde, Inc.Series D+$350.9M$2.3B2.21×
Niantic Spatial, Inc.Series D+$248.0M$2.3B2.18×
Robin Motor LtdSeries D+$250.0M$2.2B2.11×
D-Wave Quantum Inc.Series D+$275.0M$2.1B2.05×
Bending Spoons S.p.A.Series D+$323.0M$2.0B1.92×
Signify Holdings, Inc.Series D+$307.5M$2.0B1.91×
American Bitcoin Corp.Series D+$220.1M$2.0B1.90×
Omatwt, LlcSeries D+$200.0M$2.0B1.89×
Covenantz Inc.Series D+$400.0M$1.9B1.86×
Raintank Inc.Series D+$913.7M$1.9B1.82×
I-Pulse Inc. this companySeries D+$349.4M$641.0M0.62×
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 C$45.0M2010-09-10$300.3M$1.4B85%
Series C$3.0M2013-10-31$20.0M$94.3M85%
Series C$69.5M2015-01-15$463.4M$2.2B85%
Series D+$124.5M2015-01-15$1.0B$3.9B85%
Series D+$25.0M2018-10-24$208.3M$790.8M90%
Series D+$79.4M2023-06-30$661.3M$1.2B90%
Series D+$72.5M2025-07-16$604.0M$641.0M90%
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 C$45.0M2010-09-10
    • First recorded raise — entered as Series C.
    • 4 investors on this round.
  2. Series C$3.0M2013-10-31
    • Raised again after 38 mo — slower than the ~13 mo sector norm.
    • Round 15.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 1 investor on this round.
  3. Series C$69.5M2015-01-15
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 23.2× larger than the prior — scaling up.
    • 6 investors on this round.
  4. Series D+$124.5M2015-01-15
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Series D+$25.0M2018-10-24
    • Raised again after 45 mo — slower than the ~13 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series D+$79.4M2023-06-30
    • Raised again after 56 mo — slower than the ~13 mo sector norm.
    • Round 3.2× larger than the prior — scaling up.
    • 1 investor on this round.
  7. Series D+$72.5M2025-07-16
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
Intelligence
2028 ~Q1
Modeled next raise · ~30mo cadence
$72.5M
Modeled next size est.range $72.5M$116.0M
0.9×
Last step-up
$23.5M/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
Peter Meredith4 other2013-10
Robert Friedland3 other2013-10
Robert M. Friedland3 other2010-09
Guy De Selliers2 other2013-10
Ian Cockerill2 other2013-10
Laurent Frescaline2 other2013-10
On Yip Patrick Tsang2 other2018-10
Philippe Boisseau2 other2018-10
William F. Weld2 other2013-10
Arjun Khullar1 other2018-10
Doig Bradley1 other2025-07
Hirofumi Katase1 other2018-10
Patrick Sayer1 other2018-10
Sam Kenny1 other2013-10
Anthony Abbenante2013-10
Anthony W Abbenante2015-01
B. Matthew W. Hornor2013-10
Bradley Doig2023-06
C. Phillip Evans2010-09
David Boehm2025-07
Dominique F. Puzenat2013-10
Fabrice W. De Gaudemar2013-10
Gilles Avrillaud2013-10
Gilles Phillip Avrillaud2010-09
Registry & provenance

I-Pulse 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
1502126
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.

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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
Pulse Q&A Inc.Other TechnologySeries A$175.4M90%
Beyond Pulse, Inc.Other TechnologySeed$9.6M89%
Pulsesg, Inc.Other TechnologySeries A$139.3M88%
Heartbeat, Inc.Other TechnologySeed$47.5M88%
iApartments, Inc.Other TechnologySeries B$374.7M86%
idaciti, Inc.Other TechnologySeed$53.7M85%
Heart Input Output, Inc.Other TechnologySeed$35.0M85%
Interstacks, Inc.Other TechnologySeed$89.3M85%
Frequently asked
How much funding has I-Pulse Inc. raised?
I-Pulse Inc. has raised approximately $349.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is I-Pulse Inc.'s estimated valuation?
Provath's modeled valuation for I-Pulse Inc. is approximately $641.0M (modeled range $402.5M–$790.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is I-Pulse Inc. at?
I-Pulse Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Wed Jul 16.
What does I-Pulse Inc. do and where is it based?
I-Pulse Inc. operates in the Other Technology sector, based in VANCOUVER.
Explore related

See where I-Pulse Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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