Companies · Other Technology

Nori, Inc. / DE

NEW YORK · Other Technology

Diligence memoA one-page analyst read on Nori, Inc. / DE — recommendation, valuation, rhythm, risks.
$7.4M
Total raised · real
4
Rounds
0.4×
Latest step-up
Top 34%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jun 26 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Nori, Inc. / DE looks under-valued against its niche peers and is active 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.

Under-valued
  • Modeled value is 0.33× the median modeled value of Series A Other Technology companies in 2025–2027 (569 peers) — value vs value, same stage and era.
Active
  • Last raise 12 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

Nori, Inc. / DE is one of 21302 Other Technology companies tracked from NEW YORK. By capital raised it ranks mid-pack (ahead of 67% of sector peers), and in the long tail 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
8
Investors (latest)
2025-06-26
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$13M$25M$38M$50MPre-Seed · 2020-09-10 Raised $350K (real) Modeled valuation $13M (est)$350K$13MPre-Seed2020Pre-Seed · 2021-10-22 Raised $500K (real) Modeled valuation $10M (est)$500K$10MPre-Seed2021Series A · 2023-05-24 Raised $4.7M (real) Modeled valuation $40M (est)$4.7M$40MSeries A2023Series A · 2025-06-26 Raised $1.9M (real) Modeled valuation $6.9M (est)$1.9M$6.9MSeries A2025+$500K+$4.7M+$1.9MCumulative $7.4M

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$350K · 2020
Pre-Seed extension$500K · 2021
Series A$4.7M · 2023no Seed on file
Series A extension$1.9M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$6.9M
Base estimate est.
$2.5M
Conservative case
$11.9M
Upside case
$8.5M
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 $13.4M · 2020-09-102020Pre-Seed · modeled $10.4M · 2021-10-22Series A · modeled $40.2M · 2023-05-24Series A · modeled $6.9M · 2025-06-262025
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
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
19 mo
Avg between rounds
$1.5M/yr
Capital velocity
5.8 yr
On record since
2020
First round
4
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) 2.3× above median
This company$7.4M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$1.9M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$6.9M
Sector median$37.3M

Raised more than 67% of sector peers (real $). Modeled value above 18% 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 #477 of 569.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Beaconcure Inc. · Series A Raised $26.9M · modeled $67.2M (est)Edera, Inc. / DE · Series A Raised $20.0M · modeled $65.8M (est)Clarify Inc./DE · Series A Raised $15.0M · modeled $65.4M (est)Palla Financial Inc. · Series A Raised $14.5M · modeled $59.9M (est)eWellbore, LLC · Series A Raised $15.0M · modeled $59.9M (est)OneCarNow Holdings Ltd · Series A Raised $13.5M · modeled $57.9M (est)Diode, Inc. · Series A Raised $14.5M · modeled $57.8M (est)Clearing Co of San Francisco, Inc. · Series A Raised $15.0M · modeled $57.8M (est)Phase Four, Inc. · Series A Raised $23.1M · modeled $57.7M (est)Popid, Inc · Series A Raised $18.5M · modeled $57.0M (est)Mote, Inc. · Series A Raised $13.1M · modeled $56.9M (est)Chloris Geospatial Inc. · Series A Raised $17.3M · modeled $56.6M (est)Nori, Inc. / DE (this company) Raised $7.4M · modeled $6.9M (est)Nori, Inc. / DE
CompanyStageRaised · realValue · estvs peer med.
Beaconcure Inc.Series A$26.9M$67.2M3.24×
Edera, Inc. / DESeries A$20.0M$65.8M3.17×
Clarify Inc./DESeries A$15.0M$65.4M3.15×
Palla Financial Inc.Series A$14.5M$59.9M2.89×
eWellbore, LLCSeries A$15.0M$59.9M2.89×
OneCarNow Holdings LtdSeries A$13.5M$57.9M2.79×
Diode, Inc.Series A$14.5M$57.8M2.79×
Clearing Co of San Francisco, Inc.Series A$15.0M$57.8M2.79×
Phase Four, Inc.Series A$23.1M$57.7M2.78×
Popid, IncSeries A$18.5M$57.0M2.74×
Mote, Inc.Series A$13.1M$56.9M2.74×
Chloris Geospatial Inc.Series A$17.3M$56.6M2.73×
Nori, Inc. / DE this companySeries A$7.4M$6.9M0.33×
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$350K2020-09-10$1.9M$13.4M90%
Pre-Seed$500K2021-10-22$2.8M$10.4M90%
Series A$4.7M2023-05-24$21.2M$40.2M90%
Series A$1.9M2025-06-26$8.5M$6.9M90%
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$350K2020-09-10
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$500K2021-10-22
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 6 investors on this round.
  3. Series A$4.7M2023-05-24
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 9.3× larger than the prior — scaling up.
    • 25 investors on this round.
  4. Series A$1.9M2025-06-26
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~19mo cadence
$1.9M
Modeled next size est.range $1.9M$3.0M
0.4×
Last step-up
$1.5M/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
Matthew Larson2 other2023-05
Alexis Schmittlein2020-09
Annabel Love2020-09
Courtney Toll2020-09
Registry & provenance

Nori, Inc. / DE 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
1826280
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
Playcast, Inc.Other TechnologySeries A$7.1M$7.4Msame sector · same stage
Jibjab Media IncOther TechnologySeries A$7.8M$7.1Msame sector · same stage
Sinohub, Inc.Other TechnologySeries A$7.8M$6.8Msame sector · same stage
Ryver, LLCOther TechnologySeries A$6.9M$6.7Msame sector · same stage
CUX, Inc.Other TechnologySeries A$6.8M$6.9Msame sector · same stage
spokenote, Inc.Other TechnologySeries A$6.7M$6.9Msame sector · same stage
BUCKiTDREAM, Inc.Other TechnologySeries A$8.3M$6.8Msame sector · same stage
Midawi Holdings IncOther TechnologySeries A$6.6M$6.9Msame 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
Ori, Inc.Other TechnologySeries B$609.1M89%
Nori Inc. / WAOtherSeed$8.3M87%
Peri Inc.Other TechnologySeed$110.4M84%
Orai, Inc.Other TechnologySeed$87.3M84%
Voi, Inc.Other TechnologyPre-Seed$10.6M84%
Dendi, Inc.Other TechnologySeed$25.6M83%
Jacobi, Inc.Other TechnologySeed$135.1M83%
Auxia Inc.Other TechnologySeries B$151.7M83%
Frequently asked
How much funding has Nori, Inc. / DE raised?
Nori, Inc. / DE has raised approximately $7.4M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Nori, Inc. / DE's estimated valuation?
Provath's modeled valuation for Nori, Inc. / DE is approximately $6.9M (modeled range $2.5M–$11.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Nori, Inc. / DE at?
Nori, Inc. / DE's latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jun 26.
What does Nori, Inc. / DE do and where is it based?
Nori, Inc. / DE operates in the Other Technology sector, based in NEW YORK.
Explore related

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

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