Companies · Software / Tech

On Track Technologies Inc

Benson · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on On Track Technologies Inc — recommendation, valuation, rhythm, risks.
$2.1M
Total raised · real
3
Rounds
0.7×
Latest step-up
Top 66%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Feb 18 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

On Track Technologies Inc looks over-valued against its niche peers and is quiet 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.

Over-valued
  • Modeled value is 2.10× the median modeled value of Pre-Seed Software / Tech companies in 2025–2027 (105 peers) — value vs value, same stage and era.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.
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 Software / Tech

On Track Technologies Inc is one of 3920 Software / Tech companies tracked from Benson. By capital raised it ranks in the long tail (ahead of 35% 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
1
Investors (latest)
2025-02-18
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$5.0M$10M$15M$20MPre-Seed · 2021-08-11 Raised $750K (real) Modeled valuation $17M (est)$750K$17MPre-Seed2021Pre-Seed · 2022-09-13 Raised $800K (real) Modeled valuation $10M (est)$800K$10MPre-Seed2022Pre-Seed · 2025-02-18 Raised $599K (real) Modeled valuation $2.1M (est)$599K$2.1MPre-Seed2025+$800K+$599KCumulative $2.1M

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$750K · 2021
Pre-Seed extension$800K · 2022
Pre-Seed extension$599K · 2025

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.1M
Base estimate est.
$392K
Conservative case
$5.7M
Upside case
$3.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $17.4M · 2021-08-112021Pre-Seed · modeled $10.3M · 2022-09-13Pre-Seed · modeled $2.1M · 2025-02-182025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
21 mo
Avg between rounds
$610K/yr
Capital velocity
4.9 yr
On record since
2021
First round
3
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 0.5× of median
This company$2.1M
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.7× above median
This company$599K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.1M
Sector median$36.6M

Raised more than 35% of sector peers (real $). Modeled value above 8% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #16 of 105.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)1486 Labs LLC · Pre-Seed Raised $1.6M · modeled $3.7M (est)Imagen Digital Dentistry Support Services, LLC · Pre-Seed Raised $954K · modeled $3.1M (est)Quarion Technology Inc. · Pre-Seed Raised $923K · modeled $3.0M (est)3rd-i Technology, Inc. · Pre-Seed Raised $830K · modeled $2.7M (est)Simulacra Data, Inc. · Pre-Seed Raised $750K · modeled $2.7M (est)ForwardX Technology Inc. · Pre-Seed Raised $1000K · modeled $2.6M (est)OLI Technologies, Inc. · Pre-Seed Raised $700K · modeled $2.4M (est)OSN Technologies Corp. · Pre-Seed Raised $1.7M · modeled $2.4M (est)Collage Labs Inc. · Pre-Seed Raised $970K · modeled $2.3M (est)Obelisk Tech Systems Inc. · Pre-Seed Raised $1.0M · modeled $2.2M (est)Green House Data Holding Company, LLC · Pre-Seed Raised $650K · modeled $2.2M (est)Nessa Labs, Inc. · Pre-Seed Raised $750K · modeled $2.2M (est)On Track Technologies Inc (this company) Raised $2.1M · modeled $2.1M (est)On Track Technologies Inc
CompanyStageRaised · realValue · estvs peer med.
1486 Labs LLCPre-Seed$1.6M$3.7M3.73×
Imagen Digital Dentistry Support Services, LLCPre-Seed$954K$3.1M3.16×
Quarion Technology Inc.Pre-Seed$923K$3.0M3.06×
3rd-i Technology, Inc.Pre-Seed$830K$2.7M2.74×
Simulacra Data, Inc.Pre-Seed$750K$2.7M2.71×
ForwardX Technology Inc.Pre-Seed$1000K$2.6M2.61×
OLI Technologies, Inc.Pre-Seed$700K$2.4M2.49×
OSN Technologies Corp.Pre-Seed$1.7M$2.4M2.45×
Collage Labs Inc.Pre-Seed$970K$2.3M2.38×
Obelisk Tech Systems Inc.Pre-Seed$1.0M$2.2M2.27×
Green House Data Holding Company, LLCPre-Seed$650K$2.2M2.26×
Nessa Labs, Inc.Pre-Seed$750K$2.2M2.24×
On Track Technologies Inc this companyPre-Seed$2.1M$2.1M2.10×
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$750K2021-08-11$4.2M$17.4M90%
Pre-Seed$800K2022-09-13$4.4M$10.3M90%
Pre-Seed$599K2025-02-18$3.3M$2.1M90%
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$750K2021-08-11
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$800K2022-09-13
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  3. Pre-Seed$599K2025-02-18
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~21mo cadence
$599K
Modeled next size est.range $599K$959K
0.7×
Last step-up
$610K/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
Justin Wright-Eakes9 other2021-08
Robert Kennedy7 other2021-08
Ritesh Patel3 other2025-02
Ryan Jacobs1 other2025-02
Eli Randel2025-02
Jay Graves2025-02
Penny Shikowitz2021-08
Vishrut Patel2025-02
Registry & provenance

On Track Technologies 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
1878499
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
CloudSpotter Technologies Inc.Software / TechPre-Seed$360K$15.3Mnetwork1 shared operator · same sector · same stage
BioStream Technologies, LLCSoftware / TechPre-Seed$2.2M$715Ksame sector · same stage
Leyden Analytics, LLCSoftware / TechPre-Seed$2.1M$742Ksame sector · same stage
Remaker Labs, Inc.Software / TechPre-Seed$1.8M$2.3Msame sector · same stage
Mesur.io, Inc.Software / TechPre-Seed$2.6M$3.2Msame sector · same stage
OSN Technologies Corp.Software / TechPre-Seed$1.7M$2.4Msame sector · same stage
Micromem Technologies IncSoftware / TechPre-Seed$2.8M$421Ksame sector · same stage
Arti Analytics, Inc.Software / TechPre-Seed$1.6M$934Ksame 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
TRACKtech, LLCOther TechnologySeries A$33.1M90%
TrackOFF, Inc.Other TechnologyPre-Seed$42.4M87%
TrackR, Inc.Other TechnologySeries C$316.9M87%
Trackvia IncOther TechnologySeries A$27.7M86%
Trackonomy Systems, Inc.Software / TechSeries B$1.2B85%
TrackMy Solutions Inc.Other TechnologyPre-Seed$3.3M85%
Onchain Technologies, Inc.Software / TechSeed$6.3M83%
Right Track, Inc.Other TechnologyPre-Seed$1.9M83%
Frequently asked
How much funding has On Track Technologies Inc raised?
On Track Technologies Inc has raised approximately $2.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is On Track Technologies Inc's estimated valuation?
Provath's modeled valuation for On Track Technologies Inc is approximately $2.1M (modeled range $392K–$5.7M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is On Track Technologies Inc at?
On Track Technologies Inc's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Feb 18.
What does On Track Technologies Inc do and where is it based?
On Track Technologies Inc operates in the Software / Tech sector, based in Benson.
Explore related

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

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