Companies · Other Health Care

Maui Imaging, Inc.

Tucson · Other Health Care

Diligence memoA one-page analyst read on Maui Imaging, Inc. — recommendation, valuation, rhythm, risks.
$29.9M
Total raised · real
5
Rounds
9.8×
Latest step-up
Top 13%
Sector rank · raised
Series A
Latest stage · inferred · Thu May 29 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Maui Imaging, Inc. looks over-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 health care sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 3.12× the median modeled value of Series A Other Health Care companies in 2025–2027 (83 peers) — value vs value, same stage and era.
Active
  • Last raise 13 mo ago; this sector typically re-raises about every 14 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 Health Care

Maui Imaging, Inc. is one of 5377 Other Health Care companies tracked from Tucson. By capital raised it ranks in the upper tier (ahead of 88% of sector peers), and mid-pack 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
58
Investors (latest)
2025-05-29
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$50M$100M$150M$200MPre-Seed · 2010-01-21 Raised $550K (real) Modeled valuation $17M (est)Pre-Seed2010Pre-Seed · 2010-01-21 Raised $980K (real) Modeled valuation $30M (est)Pre-Seed2010Pre-Seed · 2010-01-21 Raised $495K (real) Modeled valuation $15M (est)Pre-Seed2010Series A · 2013-05-14 Raised $5.7M (real) Modeled valuation $115M (est)Series A2013Series A · 2016-09-02 Raised $7.0M (real) Modeled valuation $141M (est)Series A2016Pre-Seed · 2016-09-02 Raised $655K (real) Modeled valuation $20M (est)Pre-Seed2016Series A · 2021-02-05 Raised $1.5M (real) Modeled valuation $24M (est)Series A2021Series A · 2025-05-29 Raised $15M (real) Modeled valuation $51M (est)Series A2025+$980K+$495K+$5.7M+$7.0M+$655K+$1.5M+$15MCumulative $32M

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
Pre-Seed$550K · 2010
Pre-Seed extension$980K · 2010
Pre-Seed extension$495K · 2010
Series A$5.7M · 2013no Seed on file
Series A extension$7.0M · 2016
Bridge · Series A-stage$655K · 2016smaller follow-on
Series A extension$1.5M · 2021
Series A extension$14.7M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$51.0M
Base estimate est.
$18.8M
Conservative case
$89.5M
Upside case
$66.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $16.9M · 2010-01-212010Pre-Seed · modeled $30.2M · 2010-01-21Pre-Seed · modeled $15.3M · 2010-01-21Series A · modeled $115.4M · 2013-05-14Series A · modeled $141.3M · 2016-09-02Pre-Seed · modeled $20.2M · 2016-09-02Series A · modeled $24.4M · 2021-02-05Series A · modeled $51.0M · 2025-05-292025
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
52%
Survival probability
28% low · 71% high
1.43×/yr
Annual markup
1.80×/yr upside case
1.1 yr
Elapsed time used
1.1 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
26 mo
Avg between rounds
$1.9M/yr
Capital velocity
16.4 yr
On record since
2010
First round
8
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. 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) 12× above median
This company$29.9M
Sector median$2.4M
Latest round — vs other Series A rounds in sector (real $, this stage) 2.6× above median
This company$14.7M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 2.3× above median
This company$51.0M
Sector median$22.1M

Raised more than 88% of sector peers (real $). Modeled value above 68% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #2 of 83.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)HelloJoy, Inc. · Series A Raised $26.3M · modeled $55.1M (est)Celltrio, Inc. · Series A Raised $15.0M · modeled $50.8M (est)Medmo, Inc. · Series A Raised $31.7M · modeled $44.7M (est)Vertical Orthopaedics, Inc. · Series A Raised $16.7M · modeled $44.0M (est)AbriCare, Inc. · Series A Raised $15.0M · modeled $39.1M (est)WP Stillwater, LLC · Series A Raised $14.3M · modeled $38.1M (est)Sylke, Inc. · Series A Raised $15.9M · modeled $37.6M (est)Iridex Corp · Series A Raised $10.0M · modeled $37.3M (est)2GHealth Inc. · Series A Raised $17.5M · modeled $35.7M (est)Okc Alf 4, Llc · Series A Raised $8.9M · modeled $34.5M (est)HC Jones, Inc. · Series A Raised $14.1M · modeled $33.4M (est)Maui Imaging, Inc. (this company) Raised $29.9M · modeled $51.0M (est)Maui Imaging, Inc.
CompanyStageRaised · realValue · estvs peer med.
HelloJoy, Inc.Series A$26.3M$55.1M3.37×
Maui Imaging, Inc. this companySeries A$29.9M$51.0M3.12×
Celltrio, Inc.Series A$15.0M$50.8M3.11×
Medmo, Inc.Series A$31.7M$44.7M2.74×
Vertical Orthopaedics, Inc.Series A$16.7M$44.0M2.69×
AbriCare, Inc.Series A$15.0M$39.1M2.39×
WP Stillwater, LLCSeries A$14.3M$38.1M2.33×
Sylke, Inc.Series A$15.9M$37.6M2.30×
Iridex CorpSeries A$10.0M$37.3M2.28×
2GHealth Inc.Series A$17.5M$35.7M2.18×
Okc Alf 4, LlcSeries A$8.9M$34.5M2.11×
HC Jones, Inc.Series A$14.1M$33.4M2.04×
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.
Pre-Seed$550K2010-01-21$3.1M$16.9M85%
Pre-Seed$980K2010-01-21$5.4M$30.2M85%
Pre-Seed$495K2010-01-21$2.8M$15.3M85%
Series A$5.7M2013-05-14$26.0M$115.4M85%
Series A$7.0M2016-09-02$31.8M$141.3M90%
Pre-Seed$655K2016-09-02$3.6M$20.2M90%
Series A$1.5M2021-02-05$6.8M$24.4M90%
Series A$14.7M2025-05-29$66.7M$51.0M90%
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. Pre-Seed$550K2010-01-21
    • First recorded raise — entered as Pre-Seed.
    • 13 investors on this round.
  2. Pre-Seed$980K2010-01-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 16 investors on this round.
  3. Pre-Seed$495K2010-01-21
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 10 investors on this round.
  4. Series A$5.7M2013-05-14
    • Raised again after 40 mo — slower than the ~14 mo sector norm.
    • Round 11.6× larger than the prior — scaling up.
    • Revenue band moved No revenue → $1M–$5M.
    • Switched to Rule 506(b) (was Rule 06).
    • 15 investors on this round.
  5. Series A$7.0M2016-09-02
    • Raised again after 40 mo — slower than the ~14 mo sector norm.
    • Round roughly the size of the prior one.
    • 61 investors on this round.
  6. Pre-Seed$655K2016-09-02
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 10.7× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  7. Series A$1.5M2021-02-05
    • Raised again after 53 mo — slower than the ~14 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 16 investors on this round.
  8. Series A$14.7M2025-05-29
    • Raised again after 52 mo — slower than the ~14 mo sector norm.
    • Round 9.8× larger than the prior — scaling up.
    • 58 investors on this round.
Intelligence
2027 ~Q3
Modeled next raise · ~26mo cadence
$44.0M
Modeled next size est.range $28.6M$70.5M
9.8×
Last step-up
$1.9M/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 Miller26 other2025-05
John M Miller2 other2016-09
Alexandria M. Lopez1 other2016-09
Alexandra M. Lopez2025-05
David A. Drennan2016-09
David J Specht2010-01
David Specht2025-05
Donald F Specht2010-01
Edward G Miner2013-05
Edward P. Miner2016-09
Joseph J Digiovanni2010-01
Kenneth D Brewer2010-01
Levi M. Moore2025-05
Lothar G Koob2013-05
Richard Altinger2025-05
Richard M. Altinger2016-09
Robert G Dench2013-05
Ronald D. Verdoorn2016-09
Said Bolorforosh2025-05
Stephen G Tolchin2013-05
Registry & provenance

Maui Imaging, 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
1481721
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.

CompanySectorStageRaised · realValue · estWhy similar
Dune Sciences, Inc.OtherSeries A$10.8M$2.4Mnetwork2 shared operators · same stage
RenovoRx, Inc.Other Health CareSeries A$29.5M$58.1Msame sector · same stage
Medmo, Inc.Other Health CareSeries A$31.7M$44.7Msame sector · same stage
Veritas Collaborative Holdings, LLCOther Health CareSeries A$32.4M$46.3Msame sector · same stage
Orametrix IncOther Health CareSeries A$26.5M$41.7Msame sector · same stage
HelloJoy, Inc.Other Health CareSeries A$26.3M$55.1Msame sector · same stage
RxRevu, Inc.Other Health CareSeries A$22.5M$49.5Msame sector · same stage
Higia, Inc.Other Health CareSeries A$22.4M$40.9Msame sector · same stage
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
Great Lakes Imaging Associates, LLCOther Health CarePre-Seed$3.1M87%
Best Imaging, LLCOther Health CarePre-Seed$1.2M86%
Dot Imaging, LLCOther Health CarePre-Seed$381K86%
Imaging Network, LLCOther Health CarePre-Seed$191K86%
Research Imaging Company, LLCOther Health CareSeries C$679.4M86%
Iconic Imaging, LLCOther Health CarePre-Seed$365K86%
NorthEast Imaging, LLCOther Health CarePre-Seed$3.1M85%
Total Quality Imaging, LLCOther Health CarePre-Seed$273K85%
Frequently asked
How much funding has Maui Imaging, Inc. raised?
Maui Imaging, Inc. has raised approximately $29.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Maui Imaging, Inc.'s estimated valuation?
Provath's modeled valuation for Maui Imaging, Inc. is approximately $51.0M (modeled range $18.8M–$89.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Maui Imaging, Inc. at?
Maui Imaging, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu May 29.
What does Maui Imaging, Inc. do and where is it based?
Maui Imaging, Inc. operates in the Other Health Care sector, based in Tucson.
Explore related

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