Companies · Other Technology

Pivotal Systems Corp

Fremont · Other Technology

Diligence memoA one-page analyst read on Pivotal Systems Corp — recommendation, valuation, rhythm, risks.
$32.4M
Total raised · real
6
Rounds
10.9×
Latest step-up
Top 12%
Sector rank · raised
Series A
Latest stage · inferred · Mon Dec 22 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Pivotal Systems Corp looks fair 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 technology sector profile.

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

Fair
  • Modeled value is 0.99× the median modeled value of Series A Other Technology companies in 2013–2015 (789 peers) — value vs value, same stage and era.
  • Within the normal band (99% of peer median) for its niche.
Dormant
  • Last raise 11.5 yr ago; this sector typically re-raises about every 13 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 Other Technology

Pivotal Systems Corp is one of 21302 Other Technology companies tracked from Fremont. By capital raised it ranks in the upper tier (ahead of 89% 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$125M$250M$375M$500MSeries A · 2009-01-30 Raised $11M (real) Modeled valuation $307M (est)$11M$307MSeries A2009Series A · 2009-01-30 Raised $6.5M (real) Modeled valuation $180M (est)$6.5M$180MSeries A2009Series A · 2009-04-01 Raised $276K (real) Modeled valuation $7.6M (est)$276K$7.6MSeries A2009Series A · 2010-02-23 Raised $8.6M (real) Modeled valuation $239M (est)$8.6M$239MSeries A2010Series A · 2012-07-11 Raised $500K (real) Modeled valuation $14M (est)$500K$14MSeries A2012Series A · 2014-12-22 Raised $5.5M (real) Modeled valuation $152M (est)$5.5M$152MSeries A2014+$6.5M+$276K+$8.6M+$500K+$5.5MCumulative $32M

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
Series A$11.1M · 2009
Series A extension$6.5M · 2009
Series A extension$276K · 2009
Series A extension$8.6M · 2010
Series A extension$500K · 2012
Series A extension$5.5M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$151.8M
Base estimate est.
$7.3M
Conservative case
$825.3M
Upside case
$24.9M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $306.5M · 2009-01-302009Series A · modeled $180.3M · 2009-01-30Series A · modeled $7.6M · 2009-04-01Series A · modeled $238.6M · 2010-02-23Series A · modeled $13.9M · 2012-07-11Series A · modeled $151.8M · 2014-12-222014
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
11.5 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
14 mo
Avg between rounds
$5.5M/yr
Capital velocity
17.4 yr
On record since
2009
First round
6
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 10× above median
This company$32.4M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.9× of median
This company$5.5M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 4.1× above median
This company$151.8M
Sector median$37.3M

Raised more than 89% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #404 of 789.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)Uni-Pixel · Series A Raised $19.4M · modeled $416.1M (est)FoundationDB, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Liaison Technologies, Inc. · Series A Raised $25.9M · modeled $416.1M (est)iDevices, LLC · Series A Raised $25.7M · modeled $416.1M (est)Zafin Global Holdings Corp. · Series A Raised $15.0M · modeled $416.1M (est)Lavu Inc · Series A Raised $15.0M · modeled $416.1M (est)Exostar Corp · Series A Raised $15.0M · modeled $416.1M (est)ikaSystems Corp · Series A Raised $27.5M · modeled $416.1M (est)Olapic, Inc. · Series A Raised $21.3M · modeled $416.1M (est)Rage Frameworks, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Vormetric Inc · Series A Raised $15.0M · modeled $416.1M (est)BlueData Software, Inc. · Series A Raised $19.0M · modeled $416.1M (est)Pivotal Systems Corp (this company) Raised $32.4M · modeled $151.8M (est)Pivotal Systems Corp
CompanyStageRaised · realValue · estvs peer med.
Uni-PixelSeries A$19.4M$416.1M2.73×
FoundationDB, Inc.Series A$15.0M$416.1M2.73×
Liaison Technologies, Inc.Series A$25.9M$416.1M2.73×
iDevices, LLCSeries A$25.7M$416.1M2.73×
Zafin Global Holdings Corp.Series A$15.0M$416.1M2.73×
Lavu IncSeries A$15.0M$416.1M2.73×
Exostar CorpSeries A$15.0M$416.1M2.73×
ikaSystems CorpSeries A$27.5M$416.1M2.73×
Olapic, Inc.Series A$21.3M$416.1M2.73×
Rage Frameworks, Inc.Series A$15.0M$416.1M2.73×
Vormetric IncSeries A$15.0M$416.1M2.73×
BlueData Software, Inc.Series A$19.0M$416.1M2.73×
Pivotal Systems Corp this companySeries A$32.4M$151.8M0.99×
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.
Series A$11.1M2009-01-30$50.2M$306.5M90%
Series A$6.5M2009-01-30$29.5M$180.3M90%
Series A$276K2009-04-01$1.3M$7.6M90%
Series A$8.6M2010-02-23$39.1M$238.6M90%
Series A$500K2012-07-11$2.3M$13.9M90%
Series A$5.5M2014-12-22$24.9M$151.8M90%
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. Series A$11.1M2009-01-30
    • First recorded raise — entered as Series A.
  2. Series A$6.5M2009-01-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
  3. Series A$276K2009-04-01
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 23.6× smaller than the prior — bridge or down round.
  4. Series A$8.6M2010-02-23
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 31.2× larger than the prior — scaling up.
  5. Series A$500K2012-07-11
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 17.2× smaller than the prior — bridge or down round.
  6. Series A$5.5M2014-12-22
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 10.9× larger than the prior — scaling up.
Intelligence
2016 ~Q1
Modeled next raise · ~14mo cadence
$16.4M
Modeled next size est.range $10.7M$26.3M
10.9×
Last step-up
$5.5M/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
Bruce Rhine4 other2009-01
Carl Eibl4 other2009-01
Kevin Landis4 other2014-12
Anthony Chang3 other2009-01
John Hoffman2 other2009-01
Omesh Sharma2 other2014-12
Joseph Monkowski2009-01
Joseph Monokowski2009-04
Registry & provenance

Pivotal Systems Corp 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
1290956
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.

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ipCreate Inc.Other TechnologySeries A$29.3M$155.4Msame sector · same stage
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EDJX, Inc.Other TechnologySeries A$28.7M$148.6Msame sector · same stage
Kontagent Inc.Other TechnologySeries A$27.7M$153.8Msame sector · same stage
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Frequently asked
How much funding has Pivotal Systems Corp raised?
Pivotal Systems Corp has raised approximately $32.4M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is Pivotal Systems Corp's estimated valuation?
Provath's modeled valuation for Pivotal Systems Corp is approximately $151.8M (modeled range $7.3M–$825.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Pivotal Systems Corp at?
Pivotal Systems Corp's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Dec 22.
What does Pivotal Systems Corp do and where is it based?
Pivotal Systems Corp operates in the Other Technology sector, based in Fremont.
Explore related

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