Diligence memo · auto-generated · as of July 2, 2026
Pen Technology Inc.
Pen Technology Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Pen Technology Inc. operates in Software / Tech, based in BELLEVUE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Pen Technology Inc. has raised $102M 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: $77M on 2024-08-01.
Most recent recorded round closed around 2024-08-01.
Valuation (modeled)modeled
Provath models Pen Technology Inc. at approximately $701M (range $292M–$1.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.10× the median modeled value of Series C Software / Tech companies in 2022–2024 (55 peers) — value vs value, same stage and era. Within the normal band (110% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 23 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 3.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 95% of Software / Tech peers (3920 compared).
Modeled value ranks above 93% of those peers.
Closest niche peers: Pinecone Systems, Inc., Hydration Labs, Inc., SiMa Technologies, Inc., Atlas Technology Solutions Inc., Pascaline Systems, Inc..
Peoplefiled
4 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.