Companies · Pharma

Multiply Labs, Inc.Summer 2016Active

SAN FRANCISCO · CA, USA · Pharma · refined from filed group “Other Technology · founded 2016 · http://multiplylabs.com/

Diligence memoA one-page analyst read on Multiply Labs, Inc. — recommendation, valuation, rhythm, risks.
$41.2M
Total raised · real
4
Rounds
0.4×
Latest step-up
Top 18%
Sector rank · raised
Series B
Latest stage · inferred · Mon Apr 10 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Multiply Labs, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the pharma 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 0.60× the median modeled value of Series B Pharma companies in 2022–2024 (7 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.2 yr ago; this sector typically re-raises about every 16 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Pharma

Multiply Labs, Inc. is one of 310 Pharma companies tracked from SAN FRANCISCO, CA, USA, on record since 2016. By capital raised it ranks in the upper tier (ahead of 83% 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.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Robotic production capacity for the pharma manufacturing industry

The traditional manufacturing process for individualized drugs is extremely slow and expensive, because it is based on manual labor. At Multiply Labs, we believe that robotics is the only way to truly scale the production of individualized drugs - finally providing these life-saving therapies to the millions of patients who need them. We develop cloud-controlled modular robotic systems that manufacture individualized drugs, and we deploy these systems in the facilities of our pharma customers. This is pharma robotics as a service: we sell the robotic production capacity that our customers need to scale their next-gen individualized drugs.

Roboticspharmarobotics
Find Multiply Labs, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
4
Investors (latest)
2023-04-10
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$250M$500M$750M$1.0BSeed · 2016-06-06 Raised $2.8M (real) Modeled valuation $107M (est)$2.8M$107MSeed2016Seed · 2018-10-27 Raised $2.3M (real) Modeled valuation $86M (est)$2.3M$86MSeed2018Series B · 2018-10-27 Raised $25M (real) Modeled valuation $851M (est)$25M$851MSeries B2018Series B · 2021-04-05 Raised $25M (real) Modeled valuation $630M (est)$25M$630MSeries B2021Series B · 2023-04-10 Raised $11M (real) Modeled valuation $126M (est)$11M$126MSeries B2023+$2.3M+$25M+$25M+$11MCumulative $66M

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$2.8M · 2016
Seed extension$2.3M · 2018
Series B$25.0M · 2018no Series A on file
Series B extension$25.0M · 2021
Series B extension$11.1M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$126.0M
Base estimate est.
$23.3M
Conservative case
$285.2M
Upside case
$61.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the pharma sector profile. Directional, not a quoted figure.

Seed · modeled $106.7M · 2016-06-062016Seed · modeled $85.7M · 2018-10-27Series B · modeled $851.4M · 2018-10-27Series B · modeled $629.8M · 2021-04-05Series B · modeled $126.0M · 2023-04-102023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
57%
Survival probability
38% low · 70% high
1.49×/yr
Annual markup
1.80×/yr upside case
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
pharma
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$6.0M/yr
Capital velocity
10.1 yr
On record since
2016
First round
5
Rounds on file
How it compares to the market

Benchmarked against 310 companies in Pharma. 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) 6.4× above median
This company$41.2M
Sector median$6.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.6× of median
This company$11.1M
Sector median$19.0M
Modeled value — vs sector median (estimate, all stages) 2.0× above median
This company$126.0M
Sector median$62.5M

Raised more than 83% of sector peers (real $). Modeled value above 70% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #5 of 7.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Switch Therapeutics Inc. · Series B Raised $23.3M · modeled $326.3M (est)March Therapeutics, Inc. · Series B Raised $23.0M · modeled $289.3M (est)Affect Therapeutics, Inc. · Series B Raised $24.6M · modeled $232.4M (est)SPR Therapeutics, Inc. · Series B Raised $81.6M · modeled $211.6M (est)Notch Therapeutics, Inc. · Series B Raised $15.5M · modeled $113.8M (est)EIP Pharma, Inc. · Series B Raised $44.1M · modeled $8.3M (est)Multiply Labs, Inc. (this company) Raised $41.2M · modeled $126.0M (est)Multiply Labs, Inc.
CompanyStageRaised · realValue · estvs peer med.
Switch Therapeutics Inc.Series B$23.3M$326.3M1.54×
March Therapeutics, Inc.Series B$23.0M$289.3M1.37×
Affect Therapeutics, Inc.Series B$24.6M$232.4M1.10×
SPR Therapeutics, Inc.Series B$81.6M$211.6M1.00×
Multiply Labs, Inc. this companySeries B$41.2M$126.0M0.60×
Notch Therapeutics, Inc.Series B$15.5M$113.8M0.54×
EIP Pharma, Inc.Series B$44.1M$8.3M0.04×
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$2.8M2016-06-06$14.0M$106.7M90%
Seed$2.3M2018-10-27$11.3M$85.7M90%
Series B$25.0M2018-10-27$139.1M$851.4M90%
Series B$25.0M2021-04-05$139.1M$629.8M90%
Series B$11.1M2023-04-10$61.7M$126.0M90%
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$2.8M2016-06-06
    • First recorded raise — entered as Seed.
    • 34 investors on this round.
  2. Seed$2.3M2018-10-27
    • Raised again after 29 mo — slower than the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  3. Series B$25.0M2018-10-27
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 11.1× larger than the prior — scaling up.
    • 61 investors on this round.
  4. Series B$25.0M2021-04-05
    • Raised again after 29 mo — slower than the ~16 mo sector norm.
    • Round roughly the size of the prior one.
    • 61 investors on this round.
  5. Series B$11.1M2023-04-10
    • Raised again after 24 mo — slower than the ~16 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2024 ~Q4
Modeled next raise · ~21mo cadence
$11.1M
Modeled next size est.range $11.1M$17.8M
0.4×
Last step-up
$6.0M/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
Shaun Rodriguez2 other2018-10
Krishnan Viswanadhan1 other2023-04
Michael Doherty1 other2018-10
Alice Melocchi2018-10
Alice Siener Melocchi2016-06
Federico Parietti2018-10
Federico Siener Parietti2016-06
Jason Arcediano2023-04
Joseph Siener Wilson2016-06
Tiffany Siener Kuo2016-06
Registry & provenance

Multiply Labs, 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
1690573
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
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Skincure Oncology LlcPharmaSeries B$33.5M$1.0Bsame sector · same stage
Pasithea Therapeutics Corp.PharmaSeries B$31.8M$590.7Msame sector · same stage
Oncology Analytics, Inc.PharmaSeries B$53.5M$850.1Msame sector · same stage
Alessa Therapeutics, Inc.PharmaSeries B$31.6M$129.5Msame 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
Haply Robotics inc.RoboticsSeries A$37.0M76%
b12 Labs
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64x Bio
Enabling next generation medicines. A comprehensive platform and…
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Multiplyr Inc.Other TechnologyPre-Seed$13.7M75%
Plus One Robotics, Inc.RoboticsSeries B$632.5M74%
PharmaCCX, Inc.Biotech / PharmaSeries A$45.0M74%
rMark Bio, Inc.Biotech / PharmaSeed$114.1M74%
Convexia
The world's first AI-maximalist pharma company
Biotech74%
Frequently asked
How much funding has Multiply Labs, Inc. raised?
Multiply Labs, Inc. has raised approximately $41.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Multiply Labs, Inc.'s estimated valuation?
Provath's modeled valuation for Multiply Labs, Inc. is approximately $126.0M (modeled range $23.3M–$285.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Multiply Labs, Inc. at?
Multiply Labs, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Apr 10.
What does Multiply Labs, Inc. do and where is it based?
Multiply Labs, Inc. operates in the Pharma sector, based in SAN FRANCISCO, CA, USA. Robotic production capacity for the pharma manufacturing industry
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