Companies · Other Technology
NEW YORK · NY, USA · Other Technology · founded 2018 · https://www.kalshi.com
Diligence memoA one-page analyst read on Kalshi Inc. — recommendation, valuation, rhythm, risks.→Kalshi Inc. looks over-valued against its niche peers and is active on financing cadence.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
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.
Kalshi Inc. is one of 21292 Other Technology companies tracked from NEW YORK, NY, USA, on record since 2018. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
1st federally regulated exchange where people can trade on events
Kalshi (www.kalshi.com) is the first federally regulated exchange where you can trade on the outcome of events. We built Kalshi because we believe that people should be able to capitalize on what they know and have opinions on. We make this possible by expanding what people can trade on and allowing them trade in the domain of everyday knowledge. Kalshi is developing a new asset class, “event contracts,” and a financial exchange for trading on the outcome of events: we are federally regulated by the CFTC as the first-ever legal futures exchange in the U.S. for trading on a broad category of events.
As reported in public records reported — not modeled.
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.
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.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 71%.
Round size and date are reported; the stage label is inferred from round size (latest is Growth/Late — a round over $400M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.
Benchmarked against 21292 companies in Other Technology. 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.
Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) 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 #2 of 9.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| EssentaTor Inc. | Growth/Late | $1.5B | $14.9B | 2.95× |
| Kalshi Inc. this company | Growth/Late | $1.3B | $8.3B | 1.64× |
| nFusz, Inc. | Growth/Late | $600.2M | $6.0B | 1.19× |
| Rarestep, Inc. | Growth/Late | $623.3M | $5.3B | 1.05× |
| MatX Inc. | Growth/Late | $647.8M | $5.0B | 1.00× |
| Fluidstack Ltd | Growth/Late | $450.0M | $4.4B | 0.87× |
| Ramp Business Corp | Growth/Late | $2.2B | $3.1B | 0.62× |
| TransparentBusiness, Inc. | Growth/Late | $528.8M | $116.6M | 0.02× |
| Asset Entities Inc. | Growth/Late | $760.1M | $85.5M | 0.02× |
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.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series A | $6.1M | 2020-03-04 | $27.7M | $169.1M | 90% |
| Series B | $30.0M | 2020-12-18 | $166.7M | $775.5M | 90% |
| Series C | $70.0M | 2021-11-03 | $466.7M | $1.5B | 90% |
| Series D+ | $125.0M | 2025-06-24 | $1.0B | $1.1B | 90% |
| Series D+ | $294.5M | 2025-10-08 | $2.5B | $2.5B | 90% |
| Growth/Late | $820.8M | 2025-11-19 | $8.2B | $8.3B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
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.
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.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Alfred Lin | — | 9 other | 2020-12 |
| Matt Huang | — | 6 other | 2021-11 |
| Luana Lopes Lara | — | — | 2020-03 |
| Michael Seibel | — | — | 2021-11 |
| Tarek Mansour | — | — | 2020-03 |
Kalshi 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.
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.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Makatuu Inc | Other Technology | Growth/Late | $1.4B | $9.3B | same sector · same stage |
| Lightspeed POS Inc. | Other Technology | Growth/Late | $1.5B | $10.7B | same sector · same stage |
| FireEye, Inc. | Other Technology | Growth/Late | $1.1B | $2.0B | same sector · same stage |
| Maplebear Inc. | Other Technology | Growth/Late | $2.0B | $5.7B | same sector · same stage |
| Box Inc | Other Technology | Growth/Late | $912.9M | $13.5B | same sector · same stage |
| CrossChx, Inc. | Other Technology | Growth/Late | $838.6M | $11.8B | same sector · same stage |
| Ramp Business Corp | Other Technology | Growth/Late | $2.2B | $3.1B | same sector · same stage |
| Zoox, Inc. | Other Technology | Growth/Late | $815.4M | $6.5B | same sector · same stage |
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.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Ccl Trading Co Inc | Fintech | Series A | $90.1M | 72% |
| FrontPage Community for 100M Indian Financial Market Traders & Investors | Fintech | — | — | 70% |
| Pluto Regulated derivatives exchange | Fintech | — | — | 70% |
| Forum The first exchange to trade on attention. | Fintech | — | — | 69% |
| Mahaana Wealth Mahaana is first & only licensed digital wealth manager in Pakistan | Fintech | — | — | 69% |
| American Trade Exchange, Inc. | Other Technology | Seed | $22.2M | 69% |
| Dome A unified API for prediction markets, like Kalshi and Polymarket | — | — | — | 69% |
| Trading.TV, Inc. | Fintech | Series A | $6.1M | 69% |
See where Kalshi 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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