Companies · Software / Tech

RIIG Technology, Inc.

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

Diligence memoA one-page analyst read on RIIG Technology, Inc. — recommendation, valuation, rhythm, risks.
$3.7M
Total raised · real
1
Rounds
1.8×
Latest step-up
Top 55%
Sector rank · raised
Seed
Latest stage · inferred · Mon Sep 30 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

RIIG Technology, Inc. looks fair 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.

Fair
  • Modeled value is 1.02× the median modeled value of Seed Software / Tech companies in 2022–2024 (387 peers) — value vs value, same stage and era.
  • Within the normal band (102% of peer median) for its niche.
Quiet
  • Last raise 21 mo 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

RIIG Technology, Inc. is one of 3920 Software / Tech companies tracked from AFTON. By capital raised it ranks mid-pack (ahead of 46% 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
30
Investors (latest)
2024
Year incorporated
2024-09-30
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$50MSeed · 2024-09-30 Raised $3.7M (real) Modeled valuation $17M (est)$3.7M$17MSeed2024Series A · 2024-09-30 Raised $6.7M (real) Modeled valuation $33M (est)$6.7M$33MSeries A2024+$6.7MCumulative $10M

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
Seed$3.7M · 2024
Series A$6.7M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-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
$16.7M
Base estimate est.
$3.3M
Conservative case
$41.4M
Upside case
$18.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $16.7M · 2024-09-302024Series A · modeled $33.3M · 2024-09-302024
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
1.8 yr
Elapsed time used
1.8 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
1.8 yr
On record since
2024
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) 0.8× of median
This company$3.7M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 3.5× above median
This company$6.7M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.5× of median
This company$16.7M
Sector median$36.6M

Raised more than 46% of sector peers (real $). Modeled value above 35% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #189 of 387.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0MCapital raised (log)SkyBell Technologies, Inc. · Seed Raised $4.8M · modeled $64.2M (est)BuyerAssist.io, Inc. · Seed Raised $5.7M · modeled $60.3M (est)Adaptive Surface Technologies, Inc. · Seed Raised $3.8M · modeled $59.5M (est)Abstract Labs, Inc. · Seed Raised $3.9M · modeled $57.1M (est)Elixir Lab Usa Inc. · Seed Raised $3.9M · modeled $56.9M (est)Grounded Technologies, Inc. · Seed Raised $3.5M · modeled $56.8M (est)Sticky Technologies, Inc./DE · Seed Raised $3.6M · modeled $54.9M (est)Urban Shipper Technology Inc. · Seed Raised $4.9M · modeled $54.2M (est)Rabbot Technologies Ltd · Seed Raised $3.8M · modeled $53.5M (est)Multisig Labs, Inc. · Seed Raised $3.8M · modeled $53.3M (est)Smartcare Software, Inc. · Seed Raised $3.5M · modeled $50.1M (est)Determinate Systems, Inc. · Seed Raised $3.5M · modeled $49.8M (est)RIIG Technology, Inc. (this company) Raised $3.7M · modeled $16.7M (est)RIIG Technology, Inc.
CompanyStageRaised · realValue · estvs peer med.
SkyBell Technologies, Inc.Seed$4.8M$64.2M3.92×
BuyerAssist.io, Inc.Seed$5.7M$60.3M3.68×
Adaptive Surface Technologies, Inc.Seed$3.8M$59.5M3.63×
Abstract Labs, Inc.Seed$3.9M$57.1M3.49×
Elixir Lab Usa Inc.Seed$3.9M$56.9M3.48×
Grounded Technologies, Inc.Seed$3.5M$56.8M3.47×
Sticky Technologies, Inc./DESeed$3.6M$54.9M3.35×
Urban Shipper Technology Inc.Seed$4.9M$54.2M3.31×
Rabbot Technologies LtdSeed$3.8M$53.5M3.27×
Multisig Labs, Inc.Seed$3.8M$53.3M3.25×
Smartcare Software, Inc.Seed$3.5M$50.1M3.06×
Determinate Systems, Inc.Seed$3.5M$49.8M3.04×
RIIG Technology, Inc. this companySeed$3.7M$16.7M1.02×
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.
Seed$3.7M2024-09-30$18.5M$16.7M90%
Series A$6.7M2024-09-30$30.4M$33.3M90%
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. Seed$3.7M2024-09-30
    • First recorded raise — entered as Seed.
    • 30 investors on this round.
  2. Series A$6.7M2024-09-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.8× larger than the prior — scaling up.
    • 30 investors on this round.
Intelligence
Modeled next raise
$12.1M
Modeled next size est.range $7.9M$19.4M
1.8×
Last step-up
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
Alexander Soroka2024-09
Denver Riggleman2024-09
Jason Eagleburger2024-09
Registry & provenance

RIIG 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
2040275
SEC CIK
2024
Incorporated
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
Infinity Loop Technologies Inc.Software / TechSeed$3.7M$11.9Msame sector · same stage
Tandem App, Inc.Software / TechSeed$3.7M$12.7Msame sector · same stage
BlueSuit Technologies, Inc.Software / TechSeed$3.7M$21.1Msame sector · same stage
Loan Transactions & Technology LLCSoftware / TechSeed$3.7M$14.2Msame sector · same stage
Pollen Systems CorpSoftware / TechSeed$3.7M$15.7Msame sector · same stage
Green House Data, Inc.Software / TechSeed$3.8M$18.2Msame sector · same stage
Kinetic TechnologiesSoftware / TechSeed$3.8M$18.6Msame sector · same stage
Jetson Supply Chain Technologies Inc.Software / TechSeed$3.6M$14.7Msame 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
Rilian Technologies, Inc.Software / TechSeries A$31.2M88%
RIIICO Technologies Inc.Software / TechSeed$11.1M84%
Findigs, Inc.Other TechnologySeries B$271.8M83%
Rivington Labs Inc.Software / TechSeries B$176.4M83%
Riv Data Corp.Software / TechSeries A$37.2M82%
Bardog Technologies, Inc.Software / TechPre-Seed$14.8M82%
Highlander Technology, Inc.Software / TechPre-Seed$4.2M82%
Testsigma Technologies, Inc.Software / TechPre-Seed$25.4M82%
Frequently asked
How much funding has RIIG Technology, Inc. raised?
RIIG Technology, Inc. has raised approximately $3.7M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is RIIG Technology, Inc.'s estimated valuation?
Provath's modeled valuation for RIIG Technology, Inc. is approximately $16.7M (modeled range $3.3M–$41.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is RIIG Technology, Inc. at?
RIIG Technology, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Sep 30.
What does RIIG Technology, Inc. do and where is it based?
RIIG Technology, Inc. operates in the Software / Tech sector, based in AFTON.
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