Diligence memo · auto-generated · as of July 2, 2026
Pipe17, Inc.
Pipe17, Inc. looks fair against its niche peers and is quiet on financing cadence.
Businessfiled
Pipe17, Inc. operates in Other, based in SEATTLE.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Pipe17, Inc. has raised $28M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $19M on 2025-01-21.
Most recent recorded round closed around 2025-01-21.
Valuation (modeled)modeled
Provath models Pipe17, Inc. at approximately $104M (range $48M–$168M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.23× the median modeled value of Series B Other companies in 2025–2027 (207 peers) — value vs value, same stage and era. Within the normal band (123% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 24 months.
Last raise 17 mo ago; this sector typically re-raises about every 11 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 89% of Other peers (25015 compared).
Modeled value ranks above 83% of those peers.
Closest niche peers: Acorn Sim Investor Holdings, LLC, Aircapture, Inc., Bathhouse Holdings Inc., Chlorum Solutions USA LLC, Olympus Pines LLC.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.