Companies · Software / Tech

Minesense Technologies Ltd.

VANCOUVER · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Minesense Technologies Ltd. — recommendation, valuation, rhythm, risks.
$23.3M
Total raised · real
6
Rounds
0.4×
Latest step-up
Top 19%
Sector rank · raised
Series A
Latest stage · inferred · Tue Mar 17 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Minesense Technologies Ltd. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

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

Under-valued
  • Modeled value is 0.64× the median modeled value of Series A Software / Tech companies in 2019–2021 (278 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.3 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Software / Tech

Minesense Technologies Ltd. is one of 3920 Software / Tech companies tracked from VANCOUVER. By capital raised it ranks in the upper tier (ahead of 82% 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
2
Investors (latest)
2020-03-17
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$125M$250M$375M$500MSeed · 2013-02-18 Raised $2.5M (real) Modeled valuation $84M (est)$2.5M$84MSeed2013Series A · 2014-12-19 Raised $4.8M (real) Modeled valuation $133M (est)$4.8M$133MSeries A2014Series A · 2016-10-28 Raised $955K (real) Modeled valuation $26M (est)$955K$26MSeries A2016Series A · 2016-12-05 Raised $3.9M (real) Modeled valuation $108M (est)$3.9M$108MSeries A2016Series A · 2018-02-27 Raised $8.0M (real) Modeled valuation $222M (est)$8.0M$222MSeries A2018Series A · 2020-03-17 Raised $3.2M (real) Modeled valuation $87M (est)$3.2M$87MSeries A2020+$4.8M+$955K+$3.9M+$8.0M+$3.2MCumulative $23M

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
Seed$2.5M · 2013
Series A$4.8M · 2014
Series A extension$955K · 2016
Series A extension$3.9M · 2016
Series A extension$8.0M · 2018
Series A extension$3.2M · 2020

Stages are modeled from round size (public records carry no series label). No record for: Pre-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
$87.4M
Base estimate est.
$4.2M
Conservative case
$475.3M
Upside case
$14.3M
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 technology sector profile. Directional, not a quoted figure.

Seed · modeled $84.2M · 2013-02-182013Series A · modeled $133.2M · 2014-12-19Series A · modeled $26.5M · 2016-10-28Series A · modeled $108.4M · 2016-12-05Series A · modeled $221.9M · 2018-02-27Series A · modeled $87.4M · 2020-03-172020
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
6.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$3.3M/yr
Capital velocity
13.4 yr
On record since
2013
First round
6
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 5.1× above median
This company$23.3M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.6× of median
This company$3.2M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 2.4× above median
This company$87.4M
Sector median$36.6M

Raised more than 82% of sector peers (real $). Modeled value above 69% 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 #223 of 278.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Digital Hands, LLC · Series A Raised $15.0M · modeled $416.1M (est)Ophelius Labs Inc · Series A Raised $15.0M · modeled $416.1M (est)StreetLight Data Inc. · Series A Raised $40.5M · modeled $416.1M (est)Unlimited Labs Inc. · Series A Raised $23.9M · modeled $416.1M (est)Numerated Growth Technologies, Inc. · Series A Raised $27.5M · modeled $416.1M (est)Carevive Systems, Inc. · Series A Raised $22.2M · modeled $414.9M (est)Lyra Technologies, Inc. · Series A Raised $19.5M · modeled $414.5M (est)Panther Labs Inc. · Series A Raised $20.4M · modeled $405.4M (est)Ascent Technologies, Inc. · Series A Raised $22.1M · modeled $405.0M (est)Weyland Tech, Inc. · Series A Raised $15.3M · modeled $396.3M (est)Transparent Financial Systems, Inc. · Series A Raised $14.2M · modeled $393.9M (est)Racktop Systems, Inc. · Series A Raised $14.9M · modeled $385.3M (est)Minesense Technologies Ltd. (this company) Raised $23.3M · modeled $87.4M (est)Minesense Technologies Ltd.
CompanyStageRaised · realValue · estvs peer med.
Digital Hands, LLCSeries A$15.0M$416.1M3.06×
Ophelius Labs IncSeries A$15.0M$416.1M3.06×
StreetLight Data Inc.Series A$40.5M$416.1M3.06×
Unlimited Labs Inc.Series A$23.9M$416.1M3.06×
Numerated Growth Technologies, Inc.Series A$27.5M$416.1M3.06×
Carevive Systems, Inc.Series A$22.2M$414.9M3.05×
Lyra Technologies, Inc.Series A$19.5M$414.5M3.04×
Panther Labs Inc.Series A$20.4M$405.4M2.98×
Ascent Technologies, Inc.Series A$22.1M$405.0M2.97×
Weyland Tech, Inc.Series A$15.3M$396.3M2.91×
Transparent Financial Systems, Inc.Series A$14.2M$393.9M2.89×
Racktop Systems, Inc.Series A$14.9M$385.3M2.83×
Minesense Technologies Ltd. this companySeries A$23.3M$87.4M0.64×
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.
Seed$2.5M2013-02-18$12.4M$84.2M85%
Series A$4.8M2014-12-19$21.8M$133.2M85%
Series A$955K2016-10-28$4.3M$26.5M90%
Series A$3.9M2016-12-05$17.8M$108.4M90%
Series A$8.0M2018-02-27$36.4M$221.9M90%
Series A$3.2M2020-03-17$14.3M$87.4M90%
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. Seed$2.5M2013-02-18
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$4.8M2014-12-19
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 1.9× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 2 investors on this round.
  3. Series A$955K2016-10-28
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 5.0× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  4. Series A$3.9M2016-12-05
    • Came back fast: 1 mo vs the ~13 mo sector norm.
    • Round 4.1× larger than the prior — scaling up.
    • 2 investors on this round.
  5. Series A$8.0M2018-02-27
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 3 investors on this round.
  6. Series A$3.2M2020-03-17
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2021 ~Q3
Modeled next raise · ~17mo cadence
$3.2M
Modeled next size est.range $3.2M$5.0M
0.4×
Last step-up
$3.3M/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 Thompson12 other2013-02
Tim Woodward9 other2014-12
Richard Mackellar3 other2018-02
Andrew Csinger1 other2013-02
Brian Muller1 other2020-03
Charles Haythornwaite1 other2013-02
Ian Pearce1 other2014-12
John S. Thompson1 other2016-10
Lisa Payne1 other2018-02
Shirley Speakman1 other2018-02
Victor Aguilera1 other2018-02
Alan Bradford2018-02
Andrew Bamber2013-02
Andrew S. Bamber2016-10
Fadi Kanafani2018-02
Frank Hoogendoorn2020-03
Ian S. Pearce2016-10
Jeff More2016-10
Ken Scholey2020-03
Lisa S. Payne2016-10
Lorne S. Repas2016-10
Richard S. MacKellar2016-10
Shirley S. Speakman2016-10
Tim S. Woodward2016-10
Registry & provenance

Minesense Technologies Ltd. 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
1571702
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
TMap, LLCOther TechnologySeries A$11.1M$86.0Mnetwork2 shared operators · same stage
Encycle CorpOtherSeries A$8.3M$29.3Mnetwork2 shared operators · same stage
Vital Labs, Inc.Software / TechSeries A$23.7M$83.5Msame sector · same stage
Uneven Labs, Inc.Software / TechSeries A$22.8M$68.0Msame sector · same stage
Acuitive Technologies, Inc.Software / TechSeries A$22.5M$90.2Msame sector · same stage
Compute North Holdings Inc.Software / TechSeries A$24.8M$105.2Msame sector · same stage
WindBorne Systems Inc.Software / TechSeries A$24.9M$86.9Msame sector · same stage
Arcade Software, Inc.Software / TechSeries A$21.7M$67.0Msame 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
MineHub Technologies Inc.Software / TechPre-Seed$881K87%
Mines.Io Inc.Mining & ResourcesSeries A$32.2M84%
PlayerSense Systems, Inc.Software / TechPre-Seed$594K83%
Dots Technology Corp.Software / TechSeries B$362.6M82%
Tynt Technologies, Inc.Software / TechSeries A$8.8M82%
Mobilum Technologies Inc.Software / TechPre-Seed$16.4M82%
Melange Technologies, Inc.Software / TechSeries A$105.5M82%
Nomyx Technology Labs Inc.Software / TechSeed$13.4M82%
Frequently asked
How much funding has Minesense Technologies Ltd. raised?
Minesense Technologies Ltd. has raised approximately $23.3M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Minesense Technologies Ltd.'s estimated valuation?
Provath's modeled valuation for Minesense Technologies Ltd. is approximately $87.4M (modeled range $4.2M–$475.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Minesense Technologies Ltd. at?
Minesense Technologies Ltd.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Tue Mar 17.
What does Minesense Technologies Ltd. do and where is it based?
Minesense Technologies Ltd. operates in the Software / Tech sector, based in VANCOUVER.
Explore related

See where Minesense Technologies Ltd. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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