Companies · Software / Tech

Ovation.io, Inc.

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

Diligence memoA one-page analyst read on Ovation.io, Inc. — recommendation, valuation, rhythm, risks.
$31.0M
Total raised · real
4
Rounds
0.0×
Latest step-up
Top 15%
Sector rank · raised
Series B
Latest stage · inferred · Wed Sep 11 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ovation.io, Inc. looks under-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.

Under-valued
  • Modeled value is 0.02× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
Quiet
  • Last raise 22 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

Ovation.io, Inc. is one of 3920 Software / Tech companies tracked from Portland. By capital raised it ranks in the upper tier (ahead of 86% 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
6
Investors (latest)
2024-09-11
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$250M$500M$750M$1.0BSeries A · 2019-02-28 Raised $5.9M (real) Modeled valuation $164M (est)$5.9M$164MSeries A2019Series A · 2019-08-28 Raised $3.1M (real) Modeled valuation $86M (est)$3.1M$86MSeries A2019Series B · 2020-09-28 Raised $21M (real) Modeled valuation $594M (est)$21M$594MSeries B2020Series B · 2024-09-11 Raised $696K (real) Modeled valuation $4.9M (est)$696K$4.9MSeries B2024+$3.1M+$21M+$696KCumulative $31M

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
Series A$5.9M · 2019
Series A extension$3.1M · 2019
Series B$21.3M · 2020
Series B extension$696K · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$4.9M
Base estimate est.
$1.7M
Conservative case
$8.4M
Upside case
$3.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $164.3M · 2019-02-282019Series A · modeled $86.0M · 2019-08-28Series B · modeled $594.0M · 2020-09-28Series B · modeled $4.9M · 2024-09-112024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
22 mo
Avg between rounds
$5.6M/yr
Capital velocity
7.3 yr
On record since
2019
First round
4
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) 6.7× above median
This company$31.0M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.0× of median
This company$696K
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.9M
Sector median$36.6M

Raised more than 86% of sector peers (real $). Modeled value above 16% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #172 of 174.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Argyle Systems Inc. · Series B Raised $36.7M · modeled $595.9M (est)Shoreline Software, Inc. · Series B Raised $57.0M · modeled $584.1M (est)ALICE Technologies, Inc. · Series B Raised $59.6M · modeled $544.6M (est)Tint Technologies Inc. · Series B Raised $29.6M · modeled $528.0M (est)Vanilla Technologies Inc. · Series B Raised $49.3M · modeled $496.3M (est)Red Team Software, LLC · Series B Raised $28.3M · modeled $494.1M (est)LongPath Technologies, Inc. · Series B Raised $39.8M · modeled $488.3M (est)SmartX Technology Solutions Inc. · Series B Raised $42.0M · modeled $488.2M (est)On Demand Technologies, Inc. · Series B Raised $54.9M · modeled $441.5M (est)Meow Technologies Inc. · Series B Raised $28.1M · modeled $439.9M (est)Paytient Technologies, Inc. · Series B Raised $53.9M · modeled $436.5M (est)Trunk Technologies, Inc. · Series B Raised $28.5M · modeled $429.4M (est)Ovation.io, Inc. (this company) Raised $31.0M · modeled $4.9M (est)Ovation.io, Inc.
CompanyStageRaised · realValue · estvs peer med.
Argyle Systems Inc.Series B$36.7M$595.9M2.91×
Shoreline Software, Inc.Series B$57.0M$584.1M2.85×
ALICE Technologies, Inc.Series B$59.6M$544.6M2.66×
Tint Technologies Inc.Series B$29.6M$528.0M2.58×
Vanilla Technologies Inc.Series B$49.3M$496.3M2.42×
Red Team Software, LLCSeries B$28.3M$494.1M2.41×
LongPath Technologies, Inc.Series B$39.8M$488.3M2.38×
SmartX Technology Solutions Inc.Series B$42.0M$488.2M2.38×
On Demand Technologies, Inc.Series B$54.9M$441.5M2.15×
Meow Technologies Inc.Series B$28.1M$439.9M2.15×
Paytient Technologies, Inc.Series B$53.9M$436.5M2.13×
Trunk Technologies, Inc.Series B$28.5M$429.4M2.10×
Ovation.io, Inc. this companySeries B$31.0M$4.9M0.02×
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.
Series A$5.9M2019-02-28$26.9M$164.3M90%
Series A$3.1M2019-08-28$14.1M$86.0M90%
Series B$21.3M2020-09-28$118.1M$594.0M90%
Series B$696K2024-09-11$3.9M$4.9M90%
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. Series A$5.9M2019-02-28
    • First recorded raise — entered as Series A.
    • 14 investors on this round.
  2. Series A$3.1M2019-08-28
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  3. Series B$21.3M2020-09-28
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round 6.9× larger than the prior — scaling up.
    • 7 investors on this round.
  4. Series B$696K2024-09-11
    • Raised again after 47 mo — slower than the ~13 mo sector norm.
    • Round 30.5× smaller than the prior — bridge or down round.
    • 6 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~22mo cadence
$696K
Modeled next size est.range $696K$1.1M
0.0×
Last step-up
$5.6M/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
John Walker16 other2019-02
DAVID SHAW11 other2019-02
Patrick Gallagher10 other2024-09
Soma Somasegar4 other2024-09
Michael Self3 other2020-09
Mike Self2 other2019-02
Barry Wark1 other2019-02
Winston Brasor1 other2019-02
Curtis Medeiros2024-09
Phil Ferneau2024-09
S. Somasegar2019-08
Registry & provenance

Ovation.io, 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
1770413
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
Physion LLCOther TechnologySeed$1.8M$62.4Mnetwork3 shared operators
ABXR Labs, Inc.Software / TechSeries B$34.6M$6.8Msame sector · same stage
Claros Technologies, Inc.Software / TechSeries B$24.4M$4.8Msame sector · same stage
Whereable Technologies LLCSoftware / TechSeries B$24.0M$5.2Msame sector · same stage
Salares Lithium Inc.Other EnergySeries B$28.3M$328.2Mnetwork1 shared operator · same stage
BioSig Technologies, Inc.Software / TechSeries A$65.7M$3.4Mnetwork1 shared operator · same sector
Aerovance IncBiotechnologySeries B$22.5M$19.8Mnetwork1 shared operator · same stage
Avadim Technologies IncSoftware / TechSeries B$83.8M$3.6Msame 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
Ovation Science Inc.OtherPre-Seed$2.3M86%
Ovation Up, Inc.Other TechnologySeries A$54.1M86%
Ellevation Inc.Other TechnologySeries B$462.9M83%
Ovation Foods, Inc.Agtech / FoodtechSeed$20.1M82%
Oasys Technologies Inc.Software / TechSeed$34.2M82%
Ooga Technologies, Inc.Software / TechPre-Seed$4.3M81%
OHP Technologies Inc.Software / TechSeed$13.5M80%
Ohi Technologies Inc.Software / TechSeed$98.5M80%
Frequently asked
How much funding has Ovation.io, Inc. raised?
Ovation.io, Inc. has raised approximately $31.0M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Ovation.io, Inc.'s estimated valuation?
Provath's modeled valuation for Ovation.io, Inc. is approximately $4.9M (modeled range $1.7M–$8.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ovation.io, Inc. at?
Ovation.io, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Sep 11.
What does Ovation.io, Inc. do and where is it based?
Ovation.io, Inc. operates in the Software / Tech sector, based in Portland.
Explore related

See where Ovation.io, 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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