Diligence memo · auto-generated · as of July 3, 2026
Mercantile AI Corp
Mercantile AI Corp looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Mercantile AI Corp operates in AI / ML, based in VANCOUVER.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Mercantile AI Corp has raised $301K in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $301K on 2018-01-19.
Most recent recorded round closed around 2018-01-19.
Valuation (modeled)modeled
Provath models Mercantile AI Corp at approximately $17M (range $197K–$188M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.17× the median modeled value of Pre-Seed AI / ML companies in 2016–2018 (20 peers) — value vs value, same stage and era. Within the normal band (117% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 8.4 yr ago; this sector typically re-raises about every 11 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 67% of AI / ML peers (2067 compared).
Modeled value ranks above 77% of those peers.
Closest niche peers: Downstream.ai, Inc., Magic AI Corp, Animated Intelligence, Inc., Aerobotics, Faire Inc..
Peoplefiled
3 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.