Companies · Other Technology

LiquidX, Inc.

New York · Other Technology

Diligence memoA one-page analyst read on LiquidX, Inc. — recommendation, valuation, rhythm, risks.
$78.0M
Total raised · real
6
Rounds
1.4×
Latest step-up
Top 6%
Sector rank · raised
Series B
Latest stage · inferred · Mon Oct 06 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

LiquidX, Inc. looks under-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.

Under-valued
  • Modeled value is 0.13× the median modeled value of Series B Other Technology companies in 2025–2027 (193 peers) — value vs value, same stage and era.
Active
  • Last raise 9 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

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.

Where it sits in Other Technology

LiquidX, Inc. is one of 21292 Other Technology companies tracked from New York. By capital raised it ranks among the largest (ahead of 95% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2025-10-06
First sale
Amount raised vs valuation, by round

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeries B · 2018-11-02 Raised $20M (real) Modeled valuation $608M (est)Series B2018Series A · 2020-10-29 Raised $14M (real) Modeled valuation $340M (est)Series A2020Series B · 2020-10-29 Raised $21M (real) Modeled valuation $570M (est)Series B2020Series A · 2020-10-29 Raised $7.0M (real) Modeled valuation $170M (est)Series A2020Series B · 2022-05-17 Raised $26M (real) Modeled valuation $414M (est)Series B2022Series B · 2023-05-05 Raised $6.0M (real) Modeled valuation $67M (est)Series B2023Series B · 2025-04-01 Raised $2.0M (real) Modeled valuation $11M (est)Series B2025Series B · 2025-10-06 Raised $2.8M (real) Modeled valuation $13M (est)Series B2025+$14M+$21M+$7.0M+$26M+$6.0M+$2.0M+$2.8MCumulative $99M

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.

Financing ladder & sequence gaps
Series B$20.0M · 2018
Bridge · Series B-stage$14.0M · 2020smaller follow-on
Series B extension$21.0M · 2020
Bridge · Series B-stage$7.0M · 2020smaller follow-on
Series B extension$26.3M · 2022
Series B extension$6.0M · 2023
Series B extension$2.0M · 2025
Series B extension$2.8M · 2025

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: 50%.

Modeled valuation trajectory
$13.3M
Base estimate est.
$6.8M
Conservative case
$18.7M
Upside case
$15.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series B · modeled $608.0M · 2018-11-022018Series A · modeled $339.8M · 2020-10-29Series B · modeled $569.6M · 2020-10-29Series A · modeled $169.9M · 2020-10-29Series B · modeled $413.9M · 2022-05-17Series B · modeled $66.8M · 2023-05-05Series B · modeled $11.5M · 2025-04-01Series B · modeled $13.3M · 2025-10-062025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$11.3M/yr
Capital velocity
7.7 yr
On record since
2018
First round
8
Rounds on file
How it compares to the market

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.

Total raised — vs sector median (real $, all stages) 25× above median
This company$78.0M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$2.8M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$13.3M
Sector median$37.3M

Raised more than 95% of sector peers (real $). Modeled value above 29% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #181 of 193.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Proscia Inc. · Series B Raised $113.9M · modeled $206.4M (est)Creditly Corp. · Series B Raised $53.0M · modeled $206.1M (est)Enbalg Group Corp · Series B Raised $51.0M · modeled $205.5M (est)Lumana Inc. · Series B Raised $37.0M · modeled $202.8M (est)ProrataAI, Inc. · Series B Raised $70.9M · modeled $201.6M (est)Augmodo Inc. · Series B Raised $37.6M · modeled $197.7M (est)Altera.AL, Inc. · Series B Raised $40.1M · modeled $190.3M (est)Optimal Dynamics, Inc. · Series B Raised $88.0M · modeled $188.5M (est)Agentio Inc. · Series B Raised $58.2M · modeled $187.4M (est)Urban Sky Theory, Inc. · Series B Raised $45.0M · modeled $186.3M (est)Mombak Holdings Ltd. · Series B Raised $61.5M · modeled $185.4M (est)Numeral Two Inc. · Series B Raised $53.1M · modeled $184.5M (est)LiquidX, Inc. (this company) Raised $78.0M · modeled $13.3M (est)LiquidX, Inc.
CompanyStageRaised · realValue · estvs peer med.
Proscia Inc.Series B$113.9M$206.4M2.03×
Creditly Corp.Series B$53.0M$206.1M2.02×
Enbalg Group CorpSeries B$51.0M$205.5M2.02×
Lumana Inc.Series B$37.0M$202.8M1.99×
ProrataAI, Inc.Series B$70.9M$201.6M1.98×
Augmodo Inc.Series B$37.6M$197.7M1.94×
Altera.AL, Inc.Series B$40.1M$190.3M1.87×
Optimal Dynamics, Inc.Series B$88.0M$188.5M1.85×
Agentio Inc.Series B$58.2M$187.4M1.84×
Urban Sky Theory, Inc.Series B$45.0M$186.3M1.83×
Mombak Holdings Ltd.Series B$61.5M$185.4M1.82×
Numeral Two Inc.Series B$53.1M$184.5M1.81×
LiquidX, Inc. this companySeries B$78.0M$13.3M0.13×
Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$20.0M2018-11-02$110.9M$608.0M90%
Series A$14.0M2020-10-29$63.6M$339.8M90%
Series B$21.0M2020-10-29$116.7M$569.6M90%
Series A$7.0M2020-10-29$31.8M$169.9M90%
Series B$26.3M2022-05-17$146.0M$413.9M90%
Series B$6.0M2023-05-05$33.1M$66.8M90%
Series B$2.0M2025-04-01$11.1M$11.5M90%
Series B$2.8M2025-10-06$15.4M$13.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$20.0M2018-11-02
    • First recorded raise — entered as Series B.
    • 32 investors on this round.
  2. Series A$14.0M2020-10-29
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 25 investors on this round.
  3. Series B$21.0M2020-10-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 29 investors on this round.
  4. Series A$7.0M2020-10-29
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 23 investors on this round.
  5. Series B$26.3M2022-05-17
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 7 investors on this round.
  6. Series B$6.0M2023-05-05
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 31 investors on this round.
  7. Series B$2.0M2025-04-01
    • Raised again after 23 mo — slower than the ~13 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  8. Series B$2.8M2025-10-06
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~12mo cadence
$3.9M
Modeled next size est.range $2.8M$6.2M
1.4×
Last step-up
$11.3M/yr
Capital velocity

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.

Key people & operators

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.

PersonRoleAlso runsTied since
John Connolly13 other2018-11
John M. Connolly5 other2025-10
Gary Mueller3 other2018-11
Paul Simpson3 other2025-04
Andrew Phillips2 other2018-11
Walter McCormack2 other2018-11
German Soto Sanchez1 other2020-10
Sandeep Arora1 other2022-05
Abhishek Khandelwal2022-05
Abhishek M Khandelwal2025-10
Albert Hofeldt2022-05
Andrew M Phillips2025-10
Art Certosimo2018-11
Dominic Capolongo2022-05
Dominic M Capolongo2025-10
Edmund Reese2020-10
Frank DiMarco2022-05
Frank M DiMarco2025-10
Gary M Mueller2025-10
Jim M Toffey2025-10
Jim Toffey2018-11
Kristen Michaud2022-05
Mark Brazier2018-11
Matthew Connor2023-05
Registry & provenance

LiquidX, 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.

United States
Country of record
US
Jurisdiction
1759495
SEC CIK
Similar companies

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.

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7Park Data, Inc.Software / TechSeries A$8.7M$169.5Mnetwork3 shared operators
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Semantically similar

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.

CompanySectorStageValue · estMatch
Liquidplanner IncOther TechnologySeries A$16.6M92%
Liquid Wire Inc.Other TechnologySeries A$11.4M90%
Liquidity One Holdings LTDOther TechnologySeries A$49.4M90%
FLX Solutions, Inc.Other TechnologyPre-Seed$428K89%
Fluid Market Inc.Other TechnologySeries C$229.2M89%
CBXmarket, Inc.Other TechnologySeed$27.1M89%
GridX, Inc.Other TechnologySeries B$623.3M89%
Liquid Technology IncSoftware / TechPre-Seed$10.6M88%
Frequently asked
How much funding has LiquidX, Inc. raised?
LiquidX, Inc. has raised approximately $78.0M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is LiquidX, Inc.'s estimated valuation?
Provath's modeled valuation for LiquidX, Inc. is approximately $13.3M (modeled range $6.8M–$18.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is LiquidX, Inc. at?
LiquidX, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Oct 06.
What does LiquidX, Inc. do and where is it based?
LiquidX, Inc. operates in the Other Technology sector, based in New York.
Explore related

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