Diligence memo · auto-generated · as of July 2, 2026
Lightning AI, Inc.
Lightning AI, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Lightning AI, Inc. operates in AI / ML, based in San Francisco.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lightning AI, Inc. has raised $435M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $435M on 2025-12-24.
Most recent recorded round closed around 2025-12-24.
Valuation (modeled)modeled
Provath models Lightning AI, Inc. at approximately $4.4B (range $3.3B–$5.0B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.51× the median modeled value of Growth/Late AI / ML companies in 2025–2027 (8 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 6 mo ago; this sector typically re-raises about every 11 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 99% of AI / ML peers (2067 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Databricks, Inc., Genesys Cloud Services Topco LLC, Crusoe Energy Holdings Inc., Integris AI Healthcare Group, Inc., Grammarly, Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.