Diligence memo · auto-generated · as of July 2, 2026
MicroTransponder, Inc.
MicroTransponder, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
MicroTransponder, Inc. operates in Other Health Care, based in Austin.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
MicroTransponder, Inc. has raised $118M in disclosed capital across 12 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $43M on 2022-06-03.
Most recent recorded round closed around 2025-03-05.
Valuation (modeled)modeled
Provath models MicroTransponder, Inc. at approximately $223M (range $118M–$309M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.99× the median modeled value of Series C Other Health Care companies in 2025–2027 (20 peers) — value vs value, same stage and era. Within the normal band (99% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 16 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Other Health Care peers (5377 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: RESTOR3D, Inc., ByHeart, Inc., SpyGlassPharma, Inc., VantAI Holdings, Inc., BioIntelliSense, Inc..
Peoplefiled
22 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.