Diligence memo · auto-generated · as of July 2, 2026
Manifest Data Labs, Inc.
Manifest Data Labs, Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Manifest Data Labs, Inc. operates in Software / Tech, based in Seattle.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Manifest Data Labs, Inc. has raised $23M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $18M on 2024-07-18.
Most recent recorded round closed around 2024-07-18.
Valuation (modeled)modeled
Provath models Manifest Data Labs, Inc. at approximately $131M (range $44M–$232M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.64× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 18 months.
Last raise 23 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 3.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 82% of Software / Tech peers (3920 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Argyle Systems Inc., Shoreline Software, Inc., ALICE Technologies, Inc., Tint Technologies Inc., Vanilla Technologies Inc..
Peoplefiled
5 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.