Diligence memo · auto-generated · as of July 2, 2026
Initial State Technologies, Inc.
Initial State Technologies, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Initial State Technologies, Inc. operates in Software / Tech, based in NASHVILLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Initial State Technologies, Inc. has raised $3.0M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.0M on 2015-06-18.
Most recent recorded round closed around 2015-06-18.
Valuation (modeled)modeled
Provath models Initial State Technologies, Inc. at approximately $68M (range $1.8M–$535M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.33× the median modeled value of Seed Software / Tech companies in 2013–2015 (5 peers) — value vs value, same stage and era. Within the normal band (133% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 11.0 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 42% of Software / Tech peers (3920 compared).
Modeled value ranks above 64% of those peers.
Closest niche peers: Applied Levitation Systems LLC, NeuX Technologies, Inc., Willpower Labs, Inc., Groove Technologies, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.