Companies · Other Technology

Modulated Imaging Inc.

IRVINE · Other Technology

Diligence memoA one-page analyst read on Modulated Imaging Inc. — recommendation, valuation, rhythm, risks.
$9.5M
Total raised · real
3
Rounds
3.5×
Latest step-up
Top 30%
Sector rank · raised
Series A
Latest stage · inferred · Thu Dec 13 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Modulated Imaging Inc. looks fair 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.

Fair
  • Modeled value is 1.21× the median modeled value of Series A Other Technology companies in 2016–2018 (815 peers) — value vs value, same stage and era.
  • Within the normal band (121% of peer median) for its niche.
Dormant
  • Last raise 7.6 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 Other Technology

Modulated Imaging Inc. is one of 21302 Other Technology companies tracked from IRVINE. By capital raised it ranks in the upper tier (ahead of 71% of sector peers), and in the upper tier 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
5
Investors (latest)
2018-12-13
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 · 2016-07-14 Raised $500K (real) Modeled valuation $21M (est)$500K$21MPre-Seed2016Seed · 2017-08-10 Raised $2.0M (real) Modeled valuation $68M (est)$2.0M$68MSeed2017Series A · 2018-12-13 Raised $7.0M (real) Modeled valuation $194M (est)$7.0M$194MSeries A2018+$2.0M+$7.0MCumulative $9.5M

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$500K · 2016
Seed$2.0M · 2017
Series A$7.0M · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$194.2M
Base estimate est.
$9.4M
Conservative case
$1.1B
Upside case
$31.8M
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.

Pre-Seed · modeled $21.2M · 2016-07-142016Seed · modeled $68.1M · 2017-08-10Series A · modeled $194.2M · 2018-12-132018
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
7.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$3.9M/yr
Capital velocity
10.0 yr
On record since
2016
First round
3
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 3.0× above median
This company$9.5M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.2× above median
This company$7.0M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 5.2× above median
This company$194.2M
Sector median$37.3M

Raised more than 71% of sector peers (real $). Modeled value above 83% 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 #296 of 815.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Celect, Inc. · Series A Raised $30.1M · modeled $416.1M (est)VictorOps, Inc. · Series A Raised $36.3M · modeled $416.1M (est)Ephesoft Inc. · Series A Raised $15.0M · modeled $416.1M (est)Resilinc Corp · Series A Raised $15.0M · modeled $416.1M (est)Kaarya LLC · Series A Raised $15.0M · modeled $416.1M (est)DiCentral Corp · Series A Raised $15.0M · modeled $416.1M (est)Stay Alfred, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Rubica, Inc. · Series A Raised $16.6M · modeled $416.1M (est)PocketWatch, Inc. · Series A Raised $16.8M · modeled $416.1M (est)MobileCause, Inc. · Series A Raised $24.6M · modeled $416.1M (est)DynamicAction Holdings, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Bench Accounting, Inc. · Series A Raised $29.9M · modeled $416.1M (est)Modulated Imaging Inc. (this company) Raised $9.5M · modeled $194.2M (est)Modulated Imaging Inc.
CompanyStageRaised · realValue · estvs peer med.
Celect, Inc.Series A$30.1M$416.1M2.60×
VictorOps, Inc.Series A$36.3M$416.1M2.60×
Ephesoft Inc.Series A$15.0M$416.1M2.60×
Resilinc CorpSeries A$15.0M$416.1M2.60×
Kaarya LLCSeries A$15.0M$416.1M2.60×
DiCentral CorpSeries A$15.0M$416.1M2.60×
Stay Alfred, Inc.Series A$15.0M$416.1M2.60×
Rubica, Inc.Series A$16.6M$416.1M2.60×
PocketWatch, Inc.Series A$16.8M$416.1M2.60×
MobileCause, Inc.Series A$24.6M$416.1M2.60×
DynamicAction Holdings, Inc.Series A$15.0M$416.1M2.60×
Bench Accounting, Inc.Series A$29.9M$416.1M2.60×
Modulated Imaging Inc. this companySeries A$9.5M$194.2M1.21×
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$500K2016-07-14$2.8M$21.2M85%
Seed$2.0M2017-08-10$10.0M$68.1M90%
Series A$7.0M2018-12-13$31.8M$194.2M90%
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$500K2016-07-14
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Seed$2.0M2017-08-10
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Series A$7.0M2018-12-13
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
    • 5 investors on this round.
Intelligence
2020 ~Q1
Modeled next raise · ~14mo cadence
$21.0M
Modeled next size est.range $13.7M$33.6M
3.5×
Last step-up
$3.9M/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
Andrew Campbell5 other2016-07
Randall Lunn3 other2016-07
Francis Duhay2 other2018-12
Michael Dutton2 other2018-12
Richard Oberreiter2 other2016-07
Bruce Tromberg2016-07
David Cuccia2016-07
Janelle Goulard2018-12
Joseph Rinehart2016-07
Keith Bennett2017-08
Registry & provenance

Modulated 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
1679993
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
eGateway Capital, LLCOther TechnologySeries A$4.6M$97.3Mnetwork1 shared operator · same sector · same stage
Neuromotion Inc.Other TechnologySeries A$9.5M$194.2Msame sector · same stage
Portalarium, Inc.Other TechnologySeries A$9.5M$195.3Msame sector · same stage
Molecular Templates, Inc.Other TechnologySeries A$9.4M$194.2Msame sector · same stage
Assured Labor, Inc.Other TechnologySeries A$9.4M$187.5Msame sector · same stage
DS Co.Other TechnologySeries A$9.6M$187.2Msame sector · same stage
npm, Inc.Other TechnologySeries A$9.7M$196.6Msame sector · same stage
Workyard Holdings, Inc.Other TechnologySeries A$9.7M$192.0Msame 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
Vita Imaging Inc.Other TechnologyPre-Seed$40.2M90%
Vision III Imaging, Inc.Other TechnologySeries A$69.4M90%
ImageProVision, Inc.Other TechnologySeries A$67.3M89%
Position Imaging, IncOther TechnologySeries B$88.2M89%
Boulder Imaging, Inc.Other TechnologySeed$8.5M89%
Invenio Imaging, Inc.Other TechnologySeed$78.9M88%
RF Pixels, Inc.Other TechnologySeries A$222.4M88%
Nanotronics Imaging, Inc.Other TechnologySeries C$1.1B87%
Frequently asked
How much funding has Modulated Imaging Inc. raised?
Modulated Imaging Inc. has raised approximately $9.5M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Modulated Imaging Inc.'s estimated valuation?
Provath's modeled valuation for Modulated Imaging Inc. is approximately $194.2M (modeled range $9.4M–$1.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Modulated Imaging Inc. at?
Modulated Imaging Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Dec 13.
What does Modulated Imaging Inc. do and where is it based?
Modulated Imaging Inc. operates in the Other Technology sector, based in IRVINE.
Explore related

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

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