Diligence memo · auto-generated · as of July 3, 2026
Ionix Medical Inc.
Ionix Medical Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Ionix Medical Inc. operates in Other Technology, based in MAPLE GROVE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Ionix Medical Inc. has raised $20M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $18M on 2008-04-23.
Most recent recorded round closed around 2008-04-23.
Valuation (modeled)modeled
Provath models Ionix Medical Inc. at approximately $558M (range $45M–$2.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.86× the median modeled value of Series B Other Technology companies in 2007–2009 (33 peers) — value vs value, same stage and era. Within the normal band (86% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 18.2 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 10.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 84% of Other Technology peers (21302 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Fugoo Corp, Magnachip Semiconductor Llc, Apani Networks, Greenplum, Inc, Cambridgesoft Corp.
Peoplefiled
4 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.