Diligence memo · auto-generated · as of July 2, 2026
InnovaLight Inc
InnovaLight Inc looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
InnovaLight Inc operates in Energy Conservation, based in SUNNYVALE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
InnovaLight Inc has raised $41M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $18M on 2009-10-01.
Most recent recorded round closed around 2011-03-03.
Valuation (modeled)modeled
Provath models InnovaLight Inc at approximately $120M (range $11M–$461M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.30× the median modeled value of Series B Energy Conservation companies in 2010–2012 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 6 months.
Last raise 15.3 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Energy Conservation peers (254 compared).
Modeled value ranks above 85% of those peers.
Closest niche peers: PowerWise Group, Inc., Plas2Fuel Corp, AQT Solar, Inc., Power Assure, Inc., Fuecotech, Inc.
Peoplefiled
7 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.