Diligence memo · auto-generated · as of July 2, 2026
Red Canary, Inc.
Red Canary, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Red Canary, Inc. operates in Computers, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Red Canary, Inc. has raised $140M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $81M on 2021-02-05.
Most recent recorded round closed around 2023-09-29.
Valuation (modeled)modeled
Provath models Red Canary, Inc. at approximately $96M (range $29M–$162M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.20× the median modeled value of Series C Computers companies in 2022–2024 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 17 months.
Last raise 2.8 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 1.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of Computers peers (1371 compared).
Modeled value ranks above 72% of those peers.
Closest niche peers: Core Scientific, Inc./tx, Yizhihui Technology Elderly Care Group Co., Ltd, Flexcompute Inc, ReversingLabs, Inc., ScienceLogic, Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.