Diligence memo · auto-generated · as of July 2, 2026
Passport Labs, Inc.
Passport Labs, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Passport Labs, Inc. operates in Software / Tech, based in CHARLOTTE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Passport Labs, Inc. has raised $52M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $43M on 2017-12-15.
Most recent recorded round closed around 2017-12-15.
Valuation (modeled)modeled
Provath models Passport Labs, Inc. at approximately $1.4B (range $163M–$3.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.86× the median modeled value of Series C Software / Tech companies in 2016–2018 (22 peers) — value vs value, same stage and era. Within the normal band (86% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 24 months.
Last raise 8.5 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 6.6× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Software / Tech peers (3920 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Concierge Technologies Inc, Sauce Labs Inc, Peloton Technology, Inc., Liquidmetal Technologies Inc, Xirgo Technologies Intermediate Holdings, LLC.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.