Diligence memo · auto-generated · as of July 2, 2026
M86 Security, Inc.
M86 Security, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
M86 Security, Inc. operates in Other Technology, based in Irvine.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
M86 Security, Inc. has raised $38M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2009-11-02.
Most recent recorded round closed around 2012-01-13.
Valuation (modeled)modeled
Provath models M86 Security, Inc. at approximately $415M (range $33M–$1.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.72× the median modeled value of Series B Other Technology companies in 2010–2012 (174 peers) — value vs value, same stage and era. Within the normal band (72% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
Last raise 14.5 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 10.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Other Technology peers (21302 compared).
Modeled value ranks above 91% of those peers.
Closest niche peers: Petra Solar Inc, Kinnser Software, Inc., NCP Holding Co, Magic Lamp Corp., Vaddio Holdings, LLC.
Peoplefiled
13 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.