Companies · Computers

Iterate Studio Inc.

Highlands Ranch · Computers

Diligence memoA one-page analyst read on Iterate Studio Inc. — recommendation, valuation, rhythm, risks.
$10.9M
Total raised · real
5
Rounds
6.0×
Latest step-up
Top 20%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Iterate Studio Inc. looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the software/compute 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 0.58× the median modeled value of Series A Computers companies in 2022–2024 (34 peers) — value vs value, same stage and era.
  • Issuer reports $5M–$25M revenue while modeled below niche peers.
Quiet
  • Last raise 18 mo ago; this sector typically re-raises about every 12 months.
  • Slightly overdue versus sector 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 Computers

Iterate Studio Inc. is one of 1370 Computers companies tracked from Highlands Ranch. By capital raised it ranks in the upper tier (ahead of 81% 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
30
Investors (latest)
2024-12-19
First sale
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$25M$50M$75M$100MPre-Seed · 2013-10-18 Raised $950K (real) Modeled valuation $48M (est)$950K$48MPre-Seed2013Pre-Seed · 2016-01-15 Raised $700K (real) Modeled valuation $36M (est)$700K$36MPre-Seed2016Seed · 2018-08-20 Raised $1.6M (real) Modeled valuation $63M (est)$1.6M$63MSeed2018Seed · 2023-09-11 Raised $1.1M (real) Modeled valuation $9.0M (est)$1.1M$9.0MSeed2023Series A · 2024-12-19 Raised $6.6M (real) Modeled valuation $32M (est)$6.6M$32MSeries A2024+$700K+$1.6M+$1.1M+$6.6MCumulative $11M

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$950K · 2013
Pre-Seed extension$700K · 2016
Seed$1.6M · 2018
Seed extension$1.1M · 2023
Series A$6.6M · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$32.0M
Base estimate est.
$9.0M
Conservative case
$62.0M
Upside case
$30.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $48.2M · 2013-10-182013Pre-Seed · modeled $35.5M · 2016-01-15Seed · modeled $63.4M · 2018-08-20Seed · modeled $9.0M · 2023-09-11Series A · modeled $32.0M · 2024-12-192024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
55%
Survival probability
30% low · 75% high
1.54×/yr
Annual markup
1.94×/yr upside case
1.5 yr
Elapsed time used
1.5 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
34 mo
Avg between rounds
$976K/yr
Capital velocity
12.7 yr
On record since
2013
First round
5
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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) 5.7× above median
This company$10.9M
Sector median$1.9M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$6.6M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.0× of median
This company$32.0M
Sector median$33.0M

Raised more than 81% of sector peers (real $). Modeled value above 49% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #27 of 34.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Touzi Gem Inv, LLC · Series A Raised $14.3M · modeled $207.6M (est)Boomtown Network, Inc. · Series A Raised $37.0M · modeled $181.7M (est)8base Inc. · Series A Raised $15.3M · modeled $177.1M (est)Touzi Mining Invest II, LLC · Series A Raised $11.4M · modeled $170.7M (est)Slip.Stream Group Co. · Series A Raised $10.0M · modeled $162.0M (est)AQUA XYZ, Inc. · Series A Raised $10.0M · modeled $154.9M (est)Avlino Inc. · Series A Raised $8.6M · modeled $144.7M (est)DAOCERTin Technical Solutions LLC · Series A Raised $15.0M · modeled $123.0M (est)Foundational Data, Inc. · Series A Raised $8.0M · modeled $106.1M (est)Psignite Group, Inc. · Series A Raised $6.4M · modeled $91.2M (est)American Prison Data Systems, PBC · Series A Raised $30.8M · modeled $83.1M (est)SeQure, Inc. · Series A Raised $5.9M · modeled $78.0M (est)Iterate Studio Inc. (this company) Raised $10.9M · modeled $32.0M (est)Iterate Studio Inc.
CompanyStageRaised · realValue · estvs peer med.
Touzi Gem Inv, LLCSeries A$14.3M$207.6M3.79×
Boomtown Network, Inc.Series A$37.0M$181.7M3.32×
8base Inc.Series A$15.3M$177.1M3.23×
Touzi Mining Invest II, LLCSeries A$11.4M$170.7M3.12×
Slip.Stream Group Co.Series A$10.0M$162.0M2.96×
AQUA XYZ, Inc.Series A$10.0M$154.9M2.83×
Avlino Inc.Series A$8.6M$144.7M2.64×
DAOCERTin Technical Solutions LLCSeries A$15.0M$123.0M2.24×
Foundational Data, Inc.Series A$8.0M$106.1M1.94×
Psignite Group, Inc.Series A$6.4M$91.2M1.66×
American Prison Data Systems, PBCSeries A$30.8M$83.1M1.52×
SeQure, Inc.Series A$5.9M$78.0M1.42×
Iterate Studio Inc. this companySeries A$10.9M$32.0M0.58×
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$950K2013-10-18$5.3M$48.2M85%
Pre-Seed$700K2016-01-15$3.9M$35.5M85%
Seed$1.6M2018-08-20$7.8M$63.4M90%
Seed$1.1M2023-09-11$5.5M$9.0M90%
Series A$6.6M2024-12-19$30.0M$32.0M90%
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$950K2013-10-18
    • First recorded raise — entered as Pre-Seed.
    • 9 investors on this round.
  2. Pre-Seed$700K2016-01-15
    • Raised again after 27 mo — slower than the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $1M–$5M.
    • Switched to Rule 506(c) (was Rule 505).
    • 6 investors on this round.
  3. Seed$1.6M2018-08-20
    • Raised again after 31 mo — slower than the ~12 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 2 investors on this round.
  4. Seed$1.1M2023-09-11
    • Raised again after 61 mo — slower than the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  5. Series A$6.6M2024-12-19
    • Raised 15 mo later, in step with the ~12 mo sector norm.
    • Round 6.0× larger than the prior — scaling up.
    • 30 investors on this round.
Intelligence
2027 ~Q4
Modeled next raise · ~34mo cadence
$19.8M
Modeled next size est.range $12.9M$31.7M
6.0×
Last step-up
$976K/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
Jon Nordmark1 other2018-08
Andrew A Wichern2013-10
Andrew Wichern2018-08
Brian A Sathianathan2016-01
Brian Sathianathan2018-08
Jon A Nordmark2016-01
Registry & provenance

Iterate Studio Inc. 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
1613292
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
Velou Inc.ComputersSeries A$11.0M$15.9Msame sector · same stage
WebTuner Corp.ComputersSeries A$11.6M$17.4Msame sector · same stage
Runa, Inc.ComputersSeries A$10.2M$33.2Msame sector · same stage
Bricata, Inc.ComputersSeries A$10.2M$20.4Msame sector · same stage
Domyn SpAComputersSeries A$10.0M$29.0Msame sector · same stage
Iji, IncComputersSeries A$10.0M$25.0Msame sector · same stage
AtomBeam Technologies Inc.ComputersSeries A$12.0M$34.3Msame sector · same stage
Nimbus Data, IncComputersSeries A$9.8M$27.5Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Iterate Labs Inc.Software / TechSeed$59.3M86%
Iterative, Inc.Other TechnologySeries B$491.6M84%
Iterable, Inc.Other TechnologySeries B$684.0M84%
Crafting Inc.ComputersPre-Seed$12.4M81%
Butter Studios, LLCComputersPre-Seed$24.5M80%
ITW, Inc /WYComputersPre-Seed$12.4M79%
Estate.Studio, LLCComputersPre-Seed$3.2M79%
Trellise, LLCComputersPre-Seed$25.7M79%
Frequently asked
How much funding has Iterate Studio Inc. raised?
Iterate Studio Inc. has raised approximately $10.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Iterate Studio Inc.'s estimated valuation?
Provath's modeled valuation for Iterate Studio Inc. is approximately $32.0M (modeled range $9.0M–$62.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Iterate Studio Inc. at?
Iterate Studio Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 19.
What does Iterate Studio Inc. do and where is it based?
Iterate Studio Inc. operates in the Computers sector, based in Highlands Ranch.
Explore related

See where Iterate Studio Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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