Companies · Telecommunications

Iris Mobile Corp

CHICAGO · Telecommunications

Diligence memoA one-page analyst read on Iris Mobile Corp — recommendation, valuation, rhythm, risks.
$37.1M
Total raised · real
5
Rounds
0.5×
Latest step-up
Top 17%
Sector rank · raised
Series B
Latest stage · inferred · Fri Apr 29 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Iris Mobile Corp looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the telecom 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 0.06× the median modeled value of Series B Telecommunications companies in 2016–2018 (18 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.2 yr ago; this sector typically re-raises about every 10 months.
  • Silent for over 3× the sector's normal cadence.
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 Telecommunications

Iris Mobile Corp is one of 929 Telecommunications companies tracked from CHICAGO. By capital raised it ranks in the upper tier (ahead of 84% of sector peers), and mid-pack 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
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$250M$500M$750M$1.0BPre-Seed · 2013-09-26 Raised $475K (real) Modeled valuation $13M (est)$475K$13MPre-Seed2013Seed · 2013-09-30 Raised $3.0M (real) Modeled valuation $65M (est)$3.0M$65MSeed2013Series B · 2013-09-30 Raised $30M (real) Modeled valuation $577M (est)$30M$577MSeries B2013Series B · 2015-01-30 Raised $2.5M (real) Modeled valuation $48M (est)$2.5M$48MSeries B2015Series B · 2016-04-29 Raised $1.1M (real) Modeled valuation $22M (est)$1.1M$22MSeries B2016+$3.0M+$30M+$2.5M+$1.1MCumulative $37M

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
Pre-Seed$475K · 2013
Seed$3.0M · 2013
Series B$30.0M · 2013no Series A on file
Series B extension$2.5M · 2015
Series B extension$1.1M · 2016

Stages are modeled from round size (public records carry no series label). No record for: Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$21.9M
Base estimate est.
$2.8M
Conservative case
$84.4M
Upside case
$6.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the telecom sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $12.7M · 2013-09-262013Seed · modeled $64.6M · 2013-09-30Series B · modeled $577.3M · 2013-09-30Series B · modeled $47.8M · 2015-01-30Series B · modeled $21.9M · 2016-04-292016
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
66%
Survival probability
44% low · 81% high
1.32×/yr
Annual markup
1.60×/yr upside case
6.0 yr
Elapsed time used
10.2 yr actual, capped for stale marks
telecom
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$14.3M/yr
Capital velocity
12.8 yr
On record since
2013
First round
5
Rounds on file
How it compares to the market

Benchmarked against 929 companies in Telecommunications. 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) 9.4× above median
This company$37.1M
Sector median$4.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.1M
Sector median$17.5M
Modeled value — vs sector median (estimate, all stages) 0.8× of median
This company$21.9M
Sector median$28.3M

Raised more than 84% of sector peers (real $). Modeled value above 42% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #18 of 18.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Communications Tower Group LLC · Series B Raised $38.3M · modeled $737.0M (est)RightMesh GmbH · Series B Raised $30.0M · modeled $577.3M (est)Omnispace Llc · Series B Raised $46.8M · modeled $577.3M (est)Infrastructure Networks, Inc. · Series B Raised $50.4M · modeled $533.3M (est)elocal USA LLC · Series B Raised $25.0M · modeled $481.1M (est)Fusion Connect, Inc. · Series B Raised $105.3M · modeled $436.8M (est)Simplifi Wireless DAS Holdings, LLC · Series B Raised $22.5M · modeled $433.0M (est)Gamemine LLC · Series B Raised $20.0M · modeled $384.9M (est)Fiber Platform, LLC · Series B Raised $18.5M · modeled $356.0M (est)Straight Path Communications Inc. · Series B Raised $17.5M · modeled $336.8M (est)Mobiquity Inc. · Series B Raised $47.9M · modeled $311.1M (est)Vidyo Inc · Series B Raised $136.4M · modeled $233.4M (est)Iris Mobile Corp (this company) Raised $37.1M · modeled $21.9M (est)Iris Mobile Corp
CompanyStageRaised · realValue · estvs peer med.
Communications Tower Group LLCSeries B$38.3M$737.0M2.13×
RightMesh GmbHSeries B$30.0M$577.3M1.67×
Omnispace LlcSeries B$46.8M$577.3M1.67×
Infrastructure Networks, Inc.Series B$50.4M$533.3M1.54×
elocal USA LLCSeries B$25.0M$481.1M1.39×
Fusion Connect, Inc.Series B$105.3M$436.8M1.26×
Simplifi Wireless DAS Holdings, LLCSeries B$22.5M$433.0M1.25×
Gamemine LLCSeries B$20.0M$384.9M1.11×
Fiber Platform, LLCSeries B$18.5M$356.0M1.03×
Straight Path Communications Inc.Series B$17.5M$336.8M0.97×
Mobiquity Inc.Series B$47.9M$311.1M0.90×
Vidyo IncSeries B$136.4M$233.4M0.67×
Iris Mobile Corp this companySeries B$37.1M$21.9M0.06×
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.
Pre-Seed$475K2013-09-26$2.6M$12.7M90%
Seed$3.0M2013-09-30$15.0M$64.6M90%
Series B$30.0M2013-09-30$166.7M$577.3M90%
Series B$2.5M2015-01-30$13.8M$47.8M90%
Series B$1.1M2016-04-29$6.3M$21.9M90%
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. Pre-Seed$475K2013-09-26
    • First recorded raise — entered as Pre-Seed.
  2. Seed$3.0M2013-09-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 6.3× larger than the prior — scaling up.
  3. Series B$30.0M2013-09-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 10.0× larger than the prior — scaling up.
  4. Series B$2.5M2015-01-30
    • Raised again after 16 mo — slower than the ~10 mo sector norm.
    • Round 12.1× smaller than the prior — bridge or down round.
  5. Series B$1.1M2016-04-29
    • Raised 15 mo later, in step with the ~10 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
Intelligence
2016 ~Q4
Modeled next raise · ~8mo cadence
$1.1M
Modeled next size est.range $1.1M$1.8M
0.5×
Last step-up
$14.3M/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
Brent Hill10 other2015-01
GUY TURNER4 other2015-01
Cezary Kolodziej2013-09
Kuldeep Malik2013-09
Marc T. Grabowski2015-01
Neil T. Clemmons2015-01
Nick Doulas2013-09
Registry & provenance

Iris Mobile Corp 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
1586261
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.

CompanySectorStageRaised · realValue · estWhy similar
Towerstream CorpTelecommunicationsSeries B$36.3M$24.1Msame sector · same stage
Pacific DataVision, Inc.TelecommunicationsSeries B$40.3M$26.2Msame sector · same stage
Vanu, Inc.TelecommunicationsSeries B$41.7M$31.6Msame sector · same stage
Tpt Global Tech, Inc.TelecommunicationsSeries B$32.1M$6.4Msame sector · same stage
Kasypa Inc.TelecommunicationsSeries B$30.0M$36.7Msame sector · same stage
15Five, Inc.OtherSeries B$40.1M$501.5Mnetwork1 shared operator · same stage
Blue Danube Systems, Inc.TelecommunicationsSeries B$25.9M$38.5Msame sector · same stage
Incontext Solutions, Inc.Other TechnologySeries B$32.6M$192.2Mnetwork1 shared operator · same stage
Frequently asked
How much funding has Iris Mobile Corp raised?
Iris Mobile Corp has raised approximately $37.1M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Iris Mobile Corp's estimated valuation?
Provath's modeled valuation for Iris Mobile Corp is approximately $21.9M (modeled range $2.8M–$84.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Iris Mobile Corp at?
Iris Mobile Corp's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Apr 29.
What does Iris Mobile Corp do and where is it based?
Iris Mobile Corp operates in the Telecommunications sector, based in CHICAGO.
Explore related

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