Diligence memo · auto-generated · as of July 1, 2026
KRNL, Inc.
KRNL, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
KRNL, Inc. operates in Other, based in CULVER CITY.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
KRNL, Inc. has raised $58M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $53M on 2020-06-26.
Most recent recorded round closed around 2023-11-21.
Valuation (modeled)modeled
Provath models KRNL, Inc. at approximately $46M (range $20M–$76M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.09× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 41 months.
Last raise 2.6 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 10.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 94% of Other peers (25008 compared).
Modeled value ranks above 70% of those peers.
Closest niche peers: Wild Type, Inc., Thingy Thing Inc., Intelycare, Inc., CertiK Global Ltd., Ivanhoe Electric Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.