Diligence memo · auto-generated · as of July 2, 2026
Newlight Technologies, Inc.
Newlight Technologies, Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Newlight Technologies, Inc. operates in Manufacturing, based in Huntington Beach.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Newlight Technologies, Inc. has raised $358M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $271M on 2023-06-30.
Most recent recorded round closed around 2023-06-30.
Valuation (modeled)modeled
Provath models Newlight Technologies, Inc. at approximately $2.5B (range $1.6B–$3.8B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.38× the median modeled value of Series D+ Manufacturing companies in 2022–2024 (10 peers) — value vs value, same stage and era. Within the normal band (138% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 14 months.
Last raise 3.0 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 6.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Manufacturing peers (3257 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Lotus Technology Inc., Arrival, Filtration Group Equity Llc, BPCP NSA Holdings, Inc., Mullen Automotive Inc..
Peoplefiled
11 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.