Companies · Computers

Picochip Inc

BATH · Computers

Diligence memoA one-page analyst read on Picochip Inc — recommendation, valuation, rhythm, risks.
$59.5M
Total raised · real
6
Rounds
1.0×
Latest step-up
Top 5%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jul 26 2011 00:00:00 GMT+0000 (Coordinated Universal Time)

Picochip Inc looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the software/compute sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.25× the median modeled value of Series B Computers companies in 2010–2012 (16 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.9 yr ago; this sector typically re-raises about every 12 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Computers

Picochip Inc is one of 1370 Computers companies tracked from BATH. By capital raised it ranks among the largest (ahead of 96% of sector peers), and in the upper tier by modeled valuation est..

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

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$250M$500M$750M$1.0BSeed · 2006-12-15 Raised $2.5M (real) Modeled valuation $102M (est)$2.5M$102MSeed2006Series B · 2007-06-12 Raised $27M (real) Modeled valuation $984M (est)$27M$984MSeries B2007Series B · 2010-06-15 Raised $19M (real) Modeled valuation $711M (est)$19M$711MSeries B2010Series B · 2010-11-05 Raised $531K (real) Modeled valuation $19M (est)$531K$19MSeries B2010Series B · 2011-03-31 Raised $5.0M (real) Modeled valuation $182M (est)$5.0M$182MSeries B2011Series B · 2011-07-26 Raised $5.0M (real) Modeled valuation $182M (est)$5.0M$182MSeries B2011+$27M+$19M+$531K+$5.0M+$5.0MCumulative $59M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.5M · 2006
Series B$27.0M · 2007no Series A on file
Series B extension$19.5M · 2010
Series B extension$531K · 2010
Series B extension$5.0M · 2011
Series B extension$5.0M · 2011

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$182.3M
Base estimate est.
$12.5M
Conservative case
$701.8M
Upside case
$27.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Seed · modeled $102.0M · 2006-12-152006Series B · modeled $983.7M · 2007-06-12Series B · modeled $710.9M · 2010-06-15Series B · modeled $19.4M · 2010-11-05Series B · modeled $182.3M · 2011-03-31Series B · modeled $182.3M · 2011-07-262011
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.46×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
14.9 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$12.9M/yr
Capital velocity
19.5 yr
On record since
2006
First round
6
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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) 31× above median
This company$59.5M
Sector median$1.9M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$5.0M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 5.5× above median
This company$182.3M
Sector median$33.0M

Raised more than 96% of sector peers (real $). Modeled value above 84% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #15 of 16.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)1010data, Inc. · Series B Raised $35.0M · modeled $1.3B (est)Eucalyptus Systems Inc · Series B Raised $55.7M · modeled $1.1B (est)Intcomex, Inc. · Series B Raised $22.5M · modeled $820.6M (est)NComputing Inc · Series B Raised $21.8M · modeled $795.6M (est)Bluearc Corp · Series B Raised $20.0M · modeled $729.4M (est)Iron Bow Holdco, LLC · Series B Raised $20.0M · modeled $729.4M (est)SeaMicro, Inc. · Series B Raised $20.0M · modeled $729.4M (est)WhipTail Technologies, Inc. · Series B Raised $29.7M · modeled $729.4M (est)Reval Holdings Inc · Series B Raised $85.2M · modeled $726.9M (est)BlueCat Networks (USA) Inc. · Series B Raised $16.8M · modeled $612.7M (est)Technical Sales International, Inc. · Series B Raised $16.1M · modeled $588.3M (est)Centrify Corp · Series B Raised $16.0M · modeled $583.5M (est)Picochip Inc (this company) Raised $59.5M · modeled $182.3M (est)Picochip Inc
CompanyStageRaised · realValue · estvs peer med.
1010data, Inc.Series B$35.0M$1.3B1.75×
Eucalyptus Systems IncSeries B$55.7M$1.1B1.50×
Intcomex, Inc.Series B$22.5M$820.6M1.13×
NComputing IncSeries B$21.8M$795.6M1.09×
Bluearc CorpSeries B$20.0M$729.4M1.00×
Iron Bow Holdco, LLCSeries B$20.0M$729.4M1.00×
SeaMicro, Inc.Series B$20.0M$729.4M1.00×
WhipTail Technologies, Inc.Series B$29.7M$729.4M1.00×
Reval Holdings IncSeries B$85.2M$726.9M1.00×
BlueCat Networks (USA) Inc.Series B$16.8M$612.7M0.84×
Technical Sales International, Inc.Series B$16.1M$588.3M0.81×
Centrify CorpSeries B$16.0M$583.5M0.80×
Picochip Inc this companySeries B$59.5M$182.3M0.25×
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.
Seed$2.5M2006-12-15$12.5M$102.0M90%
Series B$27.0M2007-06-12$149.9M$983.7M90%
Series B$19.5M2010-06-15$108.3M$710.9M90%
Series B$531K2010-11-05$2.9M$19.4M90%
Series B$5.0M2011-03-31$27.8M$182.3M90%
Series B$5.0M2011-07-26$27.8M$182.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.5M2006-12-15
    • First recorded raise — entered as Seed.
  2. Series B$27.0M2007-06-12
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 10.8× larger than the prior — scaling up.
  3. Series B$19.5M2010-06-15
    • Raised again after 36 mo — slower than the ~12 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
  4. Series B$531K2010-11-05
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 36.7× smaller than the prior — bridge or down round.
  5. Series B$5.0M2011-03-31
    • Came back fast: 5 mo vs the ~12 mo sector norm.
    • Round 9.4× larger than the prior — scaling up.
  6. Series B$5.0M2011-07-26
    • Came back fast: 4 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2012 ~Q2
Modeled next raise · ~11mo cadence
$5.0M
Modeled next size est.range $5.0M$8.0M
1.0×
Last step-up
$12.9M/yr
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.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Christopher Spray1 other2006-12
Dr. Douglas Pulley2006-12
Iain Silvester2006-12
James Urquhart2006-12
Laurence Garrett2006-12
Nigel Toon2006-12
Stuart Paterson2006-12
Registry & provenance

Picochip Inc 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
1285847
SEC CIK
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
Ashby, Inc.ComputersSeries B$58.0M$252.7Msame sector · same stage
Dialogic Inc.ComputersSeries B$61.0M$127.3Msame sector · same stage
Comprehend Systems, Inc.ComputersSeries B$64.2M$182.3Msame sector · same stage
Centavo Inc.ComputersSeries B$68.5M$216.6Msame sector · same stage
N-Trig IncComputersSeries B$47.0M$164.1Msame sector · same stage
Nuventix IncComputersSeries B$46.9M$182.3Msame sector · same stage
CommuniCare Technology, Inc.ComputersSeries B$46.6M$94.5Msame sector · same stage
Convey Computer CorpComputersSeries B$42.6M$109.4Msame sector · same stage
Frequently asked
How much funding has Picochip Inc raised?
Picochip Inc has raised approximately $59.5M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Picochip Inc's estimated valuation?
Provath's modeled valuation for Picochip Inc is approximately $182.3M (modeled range $12.5M–$701.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Picochip Inc at?
Picochip Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jul 26.
What does Picochip Inc do and where is it based?
Picochip Inc operates in the Computers sector, based in BATH.
Explore related

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