Companies · AI / ML

PhasesSummer 2025Active

San Francisco · CA, USA · AI / ML · founded 2025 · https://phases.ai

Diligence memoA one-page analyst read on Phases — recommendation, valuation, rhythm, risks.
Total raised · real
0
Rounds
Latest step-up
Top 39%
Sector rank · raised
Latest stage · inferred

Phases: limited disclosed financing to assess.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Where it sits in AI / ML

Phases is one of 2067 AI / ML companies tracked from San Francisco, CA, USA, on record since 2025. By capital raised it ranks mid-pack (ahead of 62% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Automated clinical trial oversight and execution

Phases deploys AI agents to oversee clinical trials, improving operational performance, data quality, and audit readiness by identifying risks and taking actions autonomously to solve issues.

AIConversational AIHealthcare ITai/ml
Find Phases online

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

No round amounts on record to chart.

Financing ladder & sequence gaps

No staged rounds to sequence.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
Rounds on file
How it compares to the market

Benchmarked against 2067 companies in AI / ML. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)
This company
Sector median$4.7M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$27.9M

Raised more than 62% of sector peers (real $). Modeled value above 62% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
No rounds recorded.
Intelligence
Modeled next raise
Modeled next size est.
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Phases is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
AccordAI / MLsame sector
AcelyAI / MLsame sector
AedilicAI / MLsame sector
AemonAI / MLsame sector
Affogato AIAI / MLsame sector
AftercareAI / MLsame sector
Agentic LabsAI / MLsame sector
Ai AibaAI / MLsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Baseline AI
AI document creation and data management for clinical trials
Biotech81%
Parallel
AI agents for healthcare admin
AI / ML81%
Saga AI
Voice Agents for Healthcare Operations
Healthtech80%
Care GP
AI agents to run primary healthcare operations
AI / ML79%
Perspectives Health
Automating away admin for behavioral health clinics
AI / ML78%
Wedge
Palantir for Healthcare AI Agents
AI / ML77%
Triomics, Inc.
AI Agents for Oncology EHRs
PharmaSeries A$142.0M77%
Scoop
Automating regulatory submissions for life sciences
Biotech77%
Frequently asked
What does Phases do and where is it based?
Phases operates in the AI / ML sector, based in San Francisco, CA, USA. Automated clinical trial oversight and execution
Explore related

See where Phases sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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