Diligence memo · auto-generated · as of July 2, 2026
IOTA Software, Inc.
IOTA Software, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
IOTA Software, Inc. operates in Software / Tech, based in DURHAM.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
IOTA Software, Inc. has raised $22M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $10M on 2024-10-16.
Most recent recorded round closed around 2024-10-16.
Valuation (modeled)modeled
Provath models IOTA Software, Inc. at approximately $51M (range $14M–$103M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series A Software / Tech companies in 2022–2024 (413 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 20 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 81% of Software / Tech peers (3920 compared).
Modeled value ranks above 59% of those peers.
Closest niche peers: Solidblock Holdings LLC Detox Digital Series, inFeedo Tech Inc., Red Leader Technologies, Inc., Mocha Technologies Inc., Isometric Technologies Inc..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.