Diligence memo · auto-generated · as of July 3, 2026
Noon Energy Inc.
Noon Energy Inc. looks over-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Noon Energy Inc. operates in Energy / Climate, based in PALO ALTO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Noon Energy Inc. has raised $31M 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: $28M on 2022-11-29.
Most recent recorded round closed around 2022-11-29.
Valuation (modeled)modeled
Provath models Noon Energy Inc. at approximately $220M (range $64M–$533M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.59× the median modeled value of Series B Energy / Climate companies in 2022–2024 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 23 months.
Last raise 3.6 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 9.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Energy / Climate peers (235 compared).
Modeled value ranks above 92% of those peers.
Closest niche peers: Rondo Energy, Inc., Monarch Power Inc., Power Only Transit, Inc., Coelacanth Energy Inc., Encore Energy Corp..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.