Companies · Software / Tech

PRA Audio Systems, Inc.

LAWRENCEVILLE · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on PRA Audio Systems, Inc. — recommendation, valuation, rhythm, risks.
$894K
Total raised · real
2
Rounds
1.2×
Latest step-up
Top 79%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Thu Feb 27 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

PRA Audio Systems, Inc. looks over-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 technology sector profile.

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

Over-valued
  • Modeled value is 1.82× the median modeled value of Pre-Seed Software / Tech companies in 2019–2021 (307 peers) — value vs value, same stage and era.
Dormant
  • Last raise 6.3 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 Software / Tech

PRA Audio Systems, Inc. is one of 3920 Software / Tech companies tracked from LAWRENCEVILLE. By capital raised it ranks in the long tail (ahead of 22% of sector peers), and in the long tail 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
12
Investors (latest)
2020-02-27
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$13M$25M$38M$50MPre-Seed · 2014-04-01 Raised $400K (real) Modeled valuation $17M (est)$400K$17MPre-Seed2014Pre-Seed · 2020-02-27 Raised $494K (real) Modeled valuation $21M (est)$494K$21MPre-Seed2020+$494KCumulative $894K

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$400K · 2014
Pre-Seed extension$494K · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$20.9M
Base estimate est.
$323K
Conservative case
$237.2M
Upside case
$2.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $16.9M · 2014-04-012014Pre-Seed · modeled $20.9M · 2020-02-272020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
6.0 yr
Elapsed time used
6.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
71 mo
Avg between rounds
$151K/yr
Capital velocity
12.3 yr
On record since
2014
First round
2
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) 0.2× of median
This company$894K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.4× above median
This company$494K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.6× of median
This company$20.9M
Sector median$36.6M

Raised more than 22% of sector peers (real $). Modeled value above 39% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #70 of 307.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)AGAE Technologies LLC · Pre-Seed Raised $1.1M · modeled $42.4M (est)Sidehustle App, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)Owl Peak Technologies, Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)Backbone Labs, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)DLO Digital Loans, Inc. · Pre-Seed Raised $1.0M · modeled $42.4M (est)1638 Digital Partners, LP · Pre-Seed Raised $1.0M · modeled $42.4M (est)Groundbreaker Technologies Inc. · Pre-Seed Raised $2.0M · modeled $42.4M (est)Asius Technologies, Llc · Pre-Seed Raised $1.4M · modeled $42.4M (est)Spectric Labs Inc · Pre-Seed Raised $1.0M · modeled $42.4M (est)Datum Tech, Inc. · Pre-Seed Raised $950K · modeled $40.2M (est)Aurora Labs, Inc. · Pre-Seed Raised $1.1M · modeled $40.2M (est)Everfit Technologies Inc. · Pre-Seed Raised $900K · modeled $38.1M (est)PRA Audio Systems, Inc. (this company) Raised $894K · modeled $20.9M (est)PRA Audio Systems, Inc.
CompanyStageRaised · realValue · estvs peer med.
AGAE Technologies LLCPre-Seed$1.1M$42.4M3.68×
Sidehustle App, Inc.Pre-Seed$1.0M$42.4M3.68×
Owl Peak Technologies, IncPre-Seed$1.0M$42.4M3.68×
Backbone Labs, Inc.Pre-Seed$1.0M$42.4M3.68×
DLO Digital Loans, Inc.Pre-Seed$1.0M$42.4M3.68×
1638 Digital Partners, LPPre-Seed$1.0M$42.4M3.68×
Groundbreaker Technologies Inc.Pre-Seed$2.0M$42.4M3.68×
Asius Technologies, LlcPre-Seed$1.4M$42.4M3.68×
Spectric Labs IncPre-Seed$1.0M$42.4M3.68×
Datum Tech, Inc.Pre-Seed$950K$40.2M3.50×
Aurora Labs, Inc.Pre-Seed$1.1M$40.2M3.50×
Everfit Technologies Inc.Pre-Seed$900K$38.1M3.32×
PRA Audio Systems, Inc. this companyPre-Seed$894K$20.9M1.82×
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$400K2014-04-01$2.2M$16.9M85%
Pre-Seed$494K2020-02-27$2.7M$20.9M90%
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$400K2014-04-01
    • First recorded raise — entered as Pre-Seed.
    • 29 investors on this round.
  2. Pre-Seed$494K2020-02-27
    • Raised again after 71 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 12 investors on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~71mo cadence
$609K
Modeled next size est.range $494K$975K
1.2×
Last step-up
$151K/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
Allen C. Hill2014-04
David Paul Fitch2020-02
Glenn Paul Hitchcock2020-02
Houston Neal Johnson2014-04
Howard Anthony Carnes2014-04
Kenneth Paul Raley2014-04
Mark Paul Krikorian2020-02
Neal Paul Johnson2020-02
Robert Mark Krikorian2014-04
Registry & provenance

PRA Audio Systems, 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
1605267
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
Thrive Software, Inc.Software / TechPre-Seed$900K$16.1Msame sector · same stage
TRX Systems, Inc.Software / TechPre-Seed$900K$16.9Msame sector · same stage
Authereum Labs, Inc.Software / TechPre-Seed$950K$23.4Msame sector · same stage
Firepower Technology IncSoftware / TechPre-Seed$961K$19.5Msame sector · same stage
Untethered Labs, Inc.Software / TechPre-Seed$809K$20.5Msame sector · same stage
Deeloh Technologies, Inc.Software / TechPre-Seed$990K$24.1Msame sector · same stage
LumiShield Technologies Inc.Software / TechPre-Seed$997K$21.2Msame sector · same stage
ConnectionPoint Systems Inc.Software / TechPre-Seed$1.0M$19.0Msame sector · same stage
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
SoundFi Systems, LLCSoftware / TechSeed$79.9M80%
Miir Audio Technologies, Inc.Software / TechPre-Seed$3.9M80%
Discovery Sound Technology, LLCSoftware / TechSeries A$92.6M79%
Pragya Systems Corp.Software / TechSeed$57.1M79%
Prana Interactive Inc.OtherPre-Seed$2.3M78%
Hear Now Systems, Inc.Software / TechPre-Seed$7.4M78%
Tectonic Audio Labs Inc.Software / TechSeries A$141.7M77%
Stereo App LtdSoftware / TechPre-Seed$10.0M77%
Frequently asked
How much funding has PRA Audio Systems, Inc. raised?
PRA Audio Systems, Inc. has raised approximately $894K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is PRA Audio Systems, Inc.'s estimated valuation?
Provath's modeled valuation for PRA Audio Systems, Inc. is approximately $20.9M (modeled range $323K–$237.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is PRA Audio Systems, Inc. at?
PRA Audio Systems, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Thu Feb 27.
What does PRA Audio Systems, Inc. do and where is it based?
PRA Audio Systems, Inc. operates in the Software / Tech sector, based in LAWRENCEVILLE.
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