Diligence memo · auto-generated · as of July 2, 2026
Mirics Inc.
Mirics Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Mirics Inc. operates in Other Technology, based in UNITED KINGDOM.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Mirics Inc. has raised $21M 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 2011-05-11.
Most recent recorded round closed around 2011-09-06.
Valuation (modeled)modeled
Provath models Mirics Inc. at approximately $76M (range $6.1M–$293M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.13× the median modeled value of Series B Other Technology companies in 2010–2012 (174 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 14.8 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 7.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 84% of Other Technology peers (21302 compared).
Modeled value ranks above 66% of those peers.
Closest niche peers: Petra Solar Inc, Kinnser Software, Inc., NCP Holding Co, Magic Lamp Corp., Vaddio Holdings, LLC.
Peoplefiled
6 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.