Diligence memo · auto-generated · as of July 2, 2026
nCodeSystems Corp.
nCodeSystems Corp. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
nCodeSystems Corp. operates in Other, based in SCOTTSDALE.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
nCodeSystems Corp. has raised $682K in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $330K on 2019-05-15.
Most recent recorded round closed around 2019-05-15.
Valuation (modeled)modeled
Provath models nCodeSystems Corp. at approximately $7.6M (range $220K–$86M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.23× the median modeled value of Pre-Seed Other companies in 2019–2021 (1372 peers) — value vs value, same stage and era. Within the normal band (123% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 7.1 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 29% of Other peers (25008 compared).
Modeled value ranks above 33% of those peers.
Closest niche peers: Wnder, LTD, W.E. Equity Associates, LLC, Forest N Oak Holdings, Llc, RF SLIH Ltd LIABILITY Co, CiiTA, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.