Companies · Other Technology

Ormet Circuits Inc

SAN DIEGO · Other Technology

Diligence memoA one-page analyst read on Ormet Circuits Inc — recommendation, valuation, rhythm, risks.
$8.9M
Total raised · real
6
Rounds
2.2×
Latest step-up
Top 31%
Sector rank · raised
Seed
Latest stage · inferred · Wed Mar 26 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Ormet Circuits Inc looks over-valued against its niche peers and is dormant 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 2.01× the median modeled value of Seed Other Technology companies in 2013–2015 (1027 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.3 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal 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 Other Technology

Ormet Circuits Inc is one of 21292 Other Technology companies tracked from SAN DIEGO. By capital raised it ranks in the upper tier (ahead of 70% of sector peers), and in the upper tier 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
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$50M$100M$150M$200MPre-Seed · 2008-09-25 Raised $488K (real) Modeled valuation $21M (est)$488K$21MPre-Seed2008Pre-Seed · 2009-05-29 Raised $1.0M (real) Modeled valuation $42M (est)$1.0M$42MPre-Seed2009Seed · 2011-06-22 Raised $1.8M (real) Modeled valuation $60M (est)$1.8M$60MSeed2011Seed · 2012-09-07 Raised $1.0M (real) Modeled valuation $34M (est)$1.0M$34MSeed2012Seed · 2013-08-30 Raised $1.5M (real) Modeled valuation $50M (est)$1.5M$50MSeed2013Seed · 2014-03-26 Raised $3.2M (real) Modeled valuation $109M (est)$3.2M$109MSeed2014+$1.0M+$1.8M+$1.0M+$1.5M+$3.2MCumulative $8.9M

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$488K · 2008
Pre-Seed extension$1.0M · 2009
Seed$1.8M · 2011
Seed extension$1.0M · 2012
Seed extension$1.5M · 2013
Seed extension$3.2M · 2014

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

Modeled valuation trajectory
$109.0M
Base estimate est.
$2.8M
Conservative case
$855.5M
Upside case
$16.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $20.7M · 2008-09-252008Pre-Seed · modeled $42.4M · 2009-05-29Seed · modeled $59.6M · 2011-06-22Seed · modeled $34.1M · 2012-09-07Seed · modeled $50.1M · 2013-08-30Seed · modeled $109.0M · 2014-03-262014
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
12.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
13 mo
Avg between rounds
$1.6M/yr
Capital velocity
17.8 yr
On record since
2008
First round
6
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 2.8× above median
This company$8.9M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.8× above median
This company$3.2M
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 2.9× above median
This company$109.0M
Sector median$37.3M

Raised more than 70% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #108 of 1,027.

This companyCohort peer
$100.0M$1.0B$1.0M$10.0MCapital raised (log)Database Solutions, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Fishbowl, Inc. · Seed Raised $4.0M · modeled $136.3M (est)CourseHorse, Inc. · Seed Raised $7.5M · modeled $136.3M (est)BAK USA Technologies Corp. · Seed Raised $4.0M · modeled $136.3M (est)Golfkick Llc · Seed Raised $4.0M · modeled $136.3M (est)OpenFin Inc. · Seed Raised $6.6M · modeled $136.3M (est)HoneyApps, Inc. · Seed Raised $6.0M · modeled $136.3M (est)DreamFactory Software, Inc · Seed Raised $7.5M · modeled $136.3M (est)Gamgee, Inc. · Seed Raised $6.5M · modeled $136.3M (est)Pixel Labs, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Sipx, Inc. · Seed Raised $6.4M · modeled $136.3M (est)StepOne, Inc. · Seed Raised $4.0M · modeled $136.0M (est)Ormet Circuits Inc (this company) Raised $8.9M · modeled $109.0M (est)Ormet Circuits Inc
CompanyStageRaised · realValue · estvs peer med.
Database Solutions, Inc.Seed$4.0M$136.3M2.51×
Fishbowl, Inc.Seed$4.0M$136.3M2.51×
CourseHorse, Inc.Seed$7.5M$136.3M2.51×
BAK USA Technologies Corp.Seed$4.0M$136.3M2.51×
Golfkick LlcSeed$4.0M$136.3M2.51×
OpenFin Inc.Seed$6.6M$136.3M2.51×
HoneyApps, Inc.Seed$6.0M$136.3M2.51×
DreamFactory Software, IncSeed$7.5M$136.3M2.51×
Gamgee, Inc.Seed$6.5M$136.3M2.51×
Pixel Labs, Inc.Seed$4.0M$136.3M2.51×
Sipx, Inc.Seed$6.4M$136.3M2.51×
StepOne, Inc.Seed$4.0M$136.0M2.51×
Ormet Circuits Inc this companySeed$8.9M$109.0M2.01×
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$488K2008-09-25$2.7M$20.7M90%
Pre-Seed$1.0M2009-05-29$5.6M$42.4M90%
Seed$1.8M2011-06-22$8.8M$59.6M90%
Seed$1.0M2012-09-07$5.0M$34.1M90%
Seed$1.5M2013-08-30$7.3M$50.1M90%
Seed$3.2M2014-03-26$16.0M$109.0M90%
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$488K2008-09-25
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$1.0M2009-05-29
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
  3. Seed$1.8M2011-06-22
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
  4. Seed$1.0M2012-09-07
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
  5. Seed$1.5M2013-08-30
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
  6. Seed$3.2M2014-03-26
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
Intelligence
2015 ~Q2
Modeled next raise · ~13mo cadence
$7.0M
Modeled next size est.range $4.5M$11.2M
2.2×
Last step-up
$1.6M/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
Cliff Higgerson5 other2012-09
Patrick Rivelli5 other2008-09
Dan Holland3 other2008-09
Michael Matthews1 other2008-09
Cliff L. Higgerson2011-06
Daniel Holland2012-09
Daniel L. Holland2011-06
Jack L. Vanderknyff2011-06
Jack Vanderknyff2008-09
James Haley2008-09
Ken Holcomb2008-09
Larry Faydo2008-09
Larry L. Faydo2011-06
Ned Buoymaster2008-09
Patrick L. Rivelli2011-06
Peter Walmsey2008-09
Richard Birney2012-09
Richard L. Birney2011-06
Registry & provenance

Ormet Circuits 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
1160136
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
Rodo Medical, Inc.Other TechnologySeries A$7.7M$15.8Mnetwork1 shared operator · same sector
Likeme IncOther TechnologySeed$8.6M$114.1Msame sector · same stage
Skybox Security IncOther TechnologySeed$9.3M$112.4Msame sector · same stage
DriveFactor Inc.Other TechnologySeed$8.2M$110.7Msame sector · same stage
Lion Street, Inc.Other TechnologySeed$8.2M$105.8Msame sector · same stage
Cortex Business Solutions Inc.Other TechnologySeed$10.1M$105.7Msame sector · same stage
Acton, Inc.Other TechnologySeed$7.9M$111.4Msame sector · same stage
Mixamo, Inc.Other TechnologySeed$7.8M$107.9Msame sector · same stage
Frequently asked
How much funding has Ormet Circuits Inc raised?
Ormet Circuits Inc has raised approximately $8.9M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Ormet Circuits Inc's estimated valuation?
Provath's modeled valuation for Ormet Circuits Inc is approximately $109.0M (modeled range $2.8M–$855.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ormet Circuits Inc at?
Ormet Circuits Inc's latest modeled financing stage is Seed. Its most recent recorded round closed around Wed Mar 26.
What does Ormet Circuits Inc do and where is it based?
Ormet Circuits Inc operates in the Other Technology sector, based in SAN DIEGO.
Explore related

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