Diligence memo · auto-generated · as of July 2, 2026
Phase Four, Inc.
Phase Four, Inc. looks over-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Phase Four, Inc. operates in Other Technology, based in HAWTHORNE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Phase Four, Inc. has raised $23M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2025-01-06.
Most recent recorded round closed around 2025-01-06.
Valuation (modeled)modeled
Provath models Phase Four, Inc. at approximately $58M (range $17M–$111M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.78× the median modeled value of Series A Other Technology companies in 2025–2027 (569 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 30 months.
Last raise 18 mo ago; this sector typically re-raises about every 13 months.
Slightly overdue versus sector cadence.
The last round stepped up 2.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 85% of Other Technology peers (21302 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: Beaconcure Inc., Edera, Inc. / DE, Clarify Inc./DE, Palla Financial Inc., eWellbore, LLC.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.