Companies · Other Technology

RENO SUB-SYSTEMS CANADA Inc

Lockeport · Other Technology

Diligence memoA one-page analyst read on RENO SUB-SYSTEMS CANADA Inc — recommendation, valuation, rhythm, risks.
$7.1M
Total raised · real
3
Rounds
0.6×
Latest step-up
Top 35%
Sector rank · raised
Series A
Latest stage · inferred · Fri Jul 24 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

RENO SUB-SYSTEMS CANADA Inc looks under-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.

Under-valued
  • Modeled value is 0.45× the median modeled value of Series A Other Technology companies in 2013–2015 (789 peers) — value vs value, same stage and era.
Dormant
  • Last raise 10.9 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

RENO SUB-SYSTEMS CANADA Inc is one of 21302 Other Technology companies tracked from Lockeport. By capital raised it ranks mid-pack (ahead of 66% of sector peers), and mid-pack 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$50M$100M$150M$200MPre-Seed · 2013-12-17 Raised $300K (real) Modeled valuation $13M (est)$300K$13MPre-Seed2013Series A · 2014-10-02 Raised $4.3M (real) Modeled valuation $119M (est)$4.3M$119MSeries A2014Series A · 2015-07-24 Raised $2.5M (real) Modeled valuation $69M (est)$2.5M$69MSeries A2015+$4.3M+$2.5MCumulative $7.1M

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$300K · 2013
Series A$4.3M · 2014no Seed on file
Series A extension$2.5M · 2015

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$69.4M
Base estimate est.
$3.3M
Conservative case
$377.1M
Upside case
$11.4M
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.

Pre-Seed · modeled $12.7M · 2013-12-172013Series A · modeled $118.9M · 2014-10-02Series A · modeled $69.4M · 2015-07-242015
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
10.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$4.4M/yr
Capital velocity
12.5 yr
On record since
2013
First round
3
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) 2.2× above median
This company$7.1M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.5M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$69.4M
Sector median$37.3M

Raised more than 66% of sector peers (real $). Modeled value above 64% 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 #632 of 789.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$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)RENO SUB-SYSTEMS CANADA Inc (this company) Raised $7.1M · modeled $69.4M (est)RENO SUB-SYSTEMS CANADA Inc
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×
RENO SUB-SYSTEMS CANADA Inc this companySeries A$7.1M$69.4M0.45×
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$300K2013-12-17$1.7M$12.7M90%
Series A$4.3M2014-10-02$19.5M$118.9M90%
Series A$2.5M2015-07-24$11.4M$69.4M90%
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$300K2013-12-17
    • First recorded raise — entered as Pre-Seed.
  2. Series A$4.3M2014-10-02
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 14.3× larger than the prior — scaling up.
  3. Series A$2.5M2015-07-24
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
Intelligence
2016 ~Q2
Modeled next raise · ~10mo cadence
$2.5M
Modeled next size est.range $2.5M$4.0M
0.6×
Last step-up
$4.4M/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
Christopher Davis3 other2013-12
Robert MacKnight2 other2015-07
Jeffrey Spencer1 other2013-12
Daniel Ahmed Mudd2014-10
DANIEL MUDD2013-12
Daniel Thomas Mudd2015-07
David Ferran2013-12
Donald James Farrell2015-07
Don Whitson2013-12
Imran Ahmed Bhutta2014-10
IMRAN BHUTTA2013-12
Joe Cestari2013-12
JOE STOCKUNAS2013-12
Jorge Carreno2015-07
Joseph Stach2013-12
Robert Ferran2013-12
Rod Fallow2013-12
Yumiko Damashek2013-12
Registry & provenance

RENO SUB-SYSTEMS CANADA 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
1595924
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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Grazzy, Inc.Other TechnologySeries A$6.8M$70.0Msame sector · same stage
GoodShip Inc.Other TechnologySeries A$7.4M$67.7Msame sector · same stage
Disclo Inc.Other TechnologySeries A$6.8M$71.3Msame sector · same stage
Remitly Global, Inc.Other TechnologySeries A$6.7M$67.7Msame sector · same stage
Greenridge Enterprise IncOther TechnologySeries A$7.5M$68.9Msame sector · same stage
Karmic Investments IncOther TechnologySeries A$7.5M$68.7Msame sector · same stage
Brandfolder, Inc.Other TechnologySeries A$7.6M$69.4Msame sector · same stage
Frequently asked
How much funding has RENO SUB-SYSTEMS CANADA Inc raised?
RENO SUB-SYSTEMS CANADA Inc has raised approximately $7.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is RENO SUB-SYSTEMS CANADA Inc's estimated valuation?
Provath's modeled valuation for RENO SUB-SYSTEMS CANADA Inc is approximately $69.4M (modeled range $3.3M–$377.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RENO SUB-SYSTEMS CANADA Inc at?
RENO SUB-SYSTEMS CANADA Inc's latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Jul 24.
What does RENO SUB-SYSTEMS CANADA Inc do and where is it based?
RENO SUB-SYSTEMS CANADA Inc operates in the Other Technology sector, based in Lockeport.
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