Companies · Software / Tech

Powerup Technology Inc.

Arlington · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Powerup Technology Inc. — recommendation, valuation, rhythm, risks.
$277.0M
Total raised · real
9
Rounds
1.0×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Jun 28 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Powerup Technology Inc. looks under-valued against its niche peers and is quiet 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.

Under-valued
  • Modeled value is 0.27× the median modeled value of Series D+ Software / Tech companies in 2022–2024 (29 peers) — value vs value, same stage and era.
Quiet
  • Last raise 2.0 yr ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Software / Tech

Powerup Technology Inc. is one of 3920 Software / Tech companies tracked from Arlington. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest 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
Rule 506(b)
Reg D exemption
15
Investors (latest)
2024-06-28
First sale
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$1.3B$2.5B$3.8B$5.0BPre-Seed · 2018-02-11 Raised $333K (real) Modeled valuation $14M (est)Pre-Seed2018Seed · 2018-04-24 Raised $1.5M (real) Modeled valuation $51M (est)Seed2018Seed · 2018-12-01 Raised $1.1M (real) Modeled valuation $36M (est)Seed2018Series A · 2019-02-01 Raised $5.6M (real) Modeled valuation $154M (est)Series A2019Series A · 2019-07-24 Raised $10M (real) Modeled valuation $277M (est)Series A2019Series B · 2021-02-09 Raised $33M (real) Modeled valuation $799M (est)Series B2021Series D+ · 2021-08-26 Raised $125M (real) Modeled valuation $3.0B (est)Series D+2021Series D+ · 2021-08-26 Raised $125M (real) Modeled valuation $3.0B (est)Series D+2021Series D+ · 2022-04-29 Raised $50M (real) Modeled valuation $999M (est)Series D+2022Series D+ · 2024-06-28 Raised $51M (real) Modeled valuation $588M (est)Series D+2024+$1.5M+$1.1M+$5.6M+$10M+$33M+$125M+$125M+$50M+$51MCumulative $402M

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
Pre-Seed$333K · 2018
Seed$1.5M · 2018
Seed extension$1.1M · 2018
Series A$5.6M · 2019
Series A extension$10.0M · 2019
Series B$32.5M · 2021
Series D+$125.0M · 2021no Series C on file
Series D+ extension$125.0M · 2021
Series D+ extension$50.1M · 2022
Series D+ extension$51.0M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 83%.

Modeled valuation trajectory
$588.4M
Base estimate est.
$283.2M
Conservative case
$818.1M
Upside case
$425.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.1M · 2018-02-112018Seed · modeled $51.1M · 2018-04-24Seed · modeled $36.5M · 2018-12-01Series A · modeled $154.2M · 2019-02-01Series A · modeled $277.4M · 2019-07-24Series B · modeled $799.1M · 2021-02-09Series D+ · modeled $3.0B · 2021-08-26Series D+ · modeled $3.0B · 2021-08-26Series D+ · modeled $998.6M · 2022-04-29Series D+ · modeled $588.4M · 2024-06-282024
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
67% low · 92% high
1.29×/yr
Annual markup
1.44×/yr upside case
2.0 yr
Elapsed time used
2.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$43.4M/yr
Capital velocity
8.4 yr
On record since
2018
First round
10
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 60× above median
This company$277.0M
Sector median$4.6M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.3× of median
This company$51.0M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 16× above median
This company$588.4M
Sector median$36.6M

Raised more than 99% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) 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 #25 of 29.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Uniphore Technologies Inc. · Series D+ Raised $594.9M · modeled $7.7B (est)Capital Integration Systems LLC · Series D+ Raised $392.9M · modeled $7.3B (est)Remote Technology, Inc. · Series D+ Raised $310.1M · modeled $6.2B (est)Starburst Data, Inc. · Series D+ Raised $250.0M · modeled $5.3B (est)Aleo Systems Inc. · Series D+ Raised $221.2M · modeled $4.2B (est)Matter Labs · Series D+ Raised $252.0M · modeled $3.5B (est)Material Technologies Corp · Series D+ Raised $221.5M · modeled $3.4B (est)Mammoth Admin & Tech, LLC · Series D+ Raised $270.0M · modeled $3.4B (est)R Software Inc. · Series D+ Raised $242.0M · modeled $3.0B (est)Renew Tech One Ltd · Series D+ Raised $200.0M · modeled $2.7B (est)Monad Labs, Inc. · Series D+ Raised $258.4M · modeled $2.7B (est)Altana Technologies, Inc. · Series D+ Raised $344.1M · modeled $2.5B (est)Powerup Technology Inc. (this company) Raised $277.0M · modeled $588.4M (est)Powerup Technology Inc.
CompanyStageRaised · realValue · estvs peer med.
Uniphore Technologies Inc.Series D+$594.9M$7.7B3.56×
Capital Integration Systems LLCSeries D+$392.9M$7.3B3.36×
Remote Technology, Inc.Series D+$310.1M$6.2B2.83×
Starburst Data, Inc.Series D+$250.0M$5.3B2.43×
Aleo Systems Inc.Series D+$221.2M$4.2B1.93×
Matter LabsSeries D+$252.0M$3.5B1.61×
Material Technologies CorpSeries D+$221.5M$3.4B1.58×
Mammoth Admin & Tech, LLCSeries D+$270.0M$3.4B1.57×
R Software Inc.Series D+$242.0M$3.0B1.38×
Renew Tech One LtdSeries D+$200.0M$2.7B1.26×
Monad Labs, Inc.Series D+$258.4M$2.7B1.23×
Altana Technologies, Inc.Series D+$344.1M$2.5B1.16×
Powerup Technology Inc. this companySeries D+$277.0M$588.4M0.27×
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.
Pre-Seed$333K2018-02-11$1.9M$14.1M90%
Seed$1.5M2018-04-24$7.5M$51.1M90%
Seed$1.1M2018-12-01$5.3M$36.5M90%
Series A$5.6M2019-02-01$25.3M$154.2M90%
Series A$10.0M2019-07-24$45.5M$277.4M90%
Series B$32.5M2021-02-09$180.6M$799.1M90%
Series D+$125.0M2021-08-26$1.0B$3.0B90%
Series D+$125.0M2021-08-26$1.0B$3.0B90%
Series D+$50.1M2022-04-29$417.3M$998.6M90%
Series D+$51.0M2024-06-28$425.0M$588.4M90%
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. Pre-Seed$333K2018-02-11
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Seed$1.5M2018-04-24
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 4 investors on this round.
  3. Seed$1.1M2018-12-01
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  4. Series A$5.6M2019-02-01
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 5.2× larger than the prior — scaling up.
    • 12 investors on this round.
  5. Series A$10.0M2019-07-24
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 2 investors on this round.
  6. Series B$32.5M2021-02-09
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • 5 investors on this round.
  7. Series D+$125.0M2021-08-26
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 3.8× larger than the prior — scaling up.
    • 18 investors on this round.
  8. Series D+$125.0M2021-08-26
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  9. Series D+$50.1M2022-04-29
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 13 investors on this round.
  10. Series D+$51.0M2024-06-28
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 15 investors on this round.
Intelligence
2025 ~Q1
Modeled next raise · ~9mo cadence
$51.9M
Modeled next size est.range $51.0M$83.1M
1.0×
Last step-up
$43.4M/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
Bin Chen2 other2018-12
Ninggang Chen2018-04
NINGGANG T CHEN2018-02
Xiaoxue He2018-04
XIAOXUE T HE2018-02
Registry & provenance

Powerup Technology 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
1731898
SEC CIK
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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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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
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PowerML, Inc.Other TechnologySeries B$206.3M83%
Frequently asked
How much funding has Powerup Technology Inc. raised?
Powerup Technology Inc. has raised approximately $277.0M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Powerup Technology Inc.'s estimated valuation?
Provath's modeled valuation for Powerup Technology Inc. is approximately $588.4M (modeled range $283.2M–$818.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Powerup Technology Inc. at?
Powerup Technology Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Jun 28.
What does Powerup Technology Inc. do and where is it based?
Powerup Technology Inc. operates in the Software / Tech sector, based in Arlington.
Explore related

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

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