Diligence memo · auto-generated · as of July 2, 2026
Palladyne AI Corp.
Palladyne AI Corp. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Palladyne AI Corp. operates in AI / ML, based in SALT LAKE CITY.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Palladyne AI Corp. has raised $61M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $54M on 2022-04-25.
Most recent recorded round closed around 2024-10-31.
Valuation (modeled)modeled
Provath models Palladyne AI Corp. at approximately $63M (range $26M–$92M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Series C AI / ML companies in 2022–2024 (18 peers) — value vs value, same stage and era. Issuer reports $5M–$25M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 30 months.
Last raise 20 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round was 7.8× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of AI / ML peers (2067 compared).
Modeled value ranks above 87% of those peers.
Closest niche peers: Stability Ai, Inc., Hayden AI Technologies Inc., Runway AI Inc., Fathom, Inc., Protect AI, Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.