Diligence memo · auto-generated · as of July 2, 2026
KE2 Therm Solutions, Inc.
KE2 Therm Solutions, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
KE2 Therm Solutions, Inc. operates in Energy Conservation, based in WASHINGTON.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
KE2 Therm Solutions, Inc. has raised $19M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $9.1M on 2016-01-29.
Most recent recorded round closed around 2016-10-31.
Valuation (modeled)modeled
Provath models KE2 Therm Solutions, Inc. at approximately $29M (range $1.7M–$160M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.25× the median modeled value of Series A Energy Conservation companies in 2016–2018 (8 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 9.7 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 2.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 84% of Energy Conservation peers (254 compared).
Modeled value ranks above 55% of those peers.
Closest niche peers: Hybridyne Power Systems, Powerhouse Dynamics, Inc., Axiom Exergy Inc., Viking Cold Solutions, Inc., Energycite INC.
Peoplefiled
15 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.