Diligence memo · auto-generated · as of July 2, 2026
Lightpath Technologies Inc
Lightpath Technologies Inc looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Lightpath Technologies Inc operates in Manufacturing, based in Orlando.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Lightpath Technologies Inc has raised $48M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $32M on 2025-03-05.
Most recent recorded round closed around 2025-09-16.
Valuation (modeled)modeled
Provath models Lightpath Technologies Inc at approximately $35M (range $20M–$50M). 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 Series B Manufacturing companies in 2025–2027 (16 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 32 months.
Last raise 9 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 4.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 93% of Manufacturing peers (3257 compared).
Modeled value ranks above 74% of those peers.
Closest niche peers: Lexington Medical, Inc., Lumber Manufactory Inc., PulseForge, Inc., MOLG Inc., Elect Nano, LLC.
Peoplefiled
24 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.