Diligence memo · auto-generated · as of July 2, 2026
Particle Industries, Inc.
Particle Industries, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Particle Industries, Inc. operates in Manufacturing / Industrial, based in San Francisco.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Particle Industries, Inc. has raised $129M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $40M on 2019-08-06.
Most recent recorded round closed around 2025-03-13.
Valuation (modeled)modeled
Provath models Particle Industries, Inc. at approximately $24M (range $13M–$38M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series B Manufacturing / Industrial companies in 2025–2027 (5 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 16 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 2.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 99% of Manufacturing / Industrial peers (629 compared).
Modeled value ranks above 90% of those peers.
Closest niche peers: Maybell Quantum Industries, Inc., Agile Space Industries Inc., Fresh Factory B.C. Ltd., Toughbuilt Industries, Inc.
Peoplefiled
17 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.