Companies · Other Technology

Sand 9 Inc

Cambridge · Other Technology

Diligence memoA one-page analyst read on Sand 9 Inc — recommendation, valuation, rhythm, risks.
$56.8M
Total raised · real
5
Rounds
0.3×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Tue Feb 18 2014 00:00:00 GMT+0000 (Coordinated Universal Time)

Sand 9 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 0.23× the median modeled value of Series B Other Technology companies in 2013–2015 (321 peers) — value vs value, same stage and era.
Dormant
  • Last raise 12.4 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

Sand 9 Inc is one of 21292 Other Technology companies tracked from Cambridge. By capital raised it ranks among the largest (ahead of 94% of sector peers), and in the upper tier 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$250M$500M$750M$1.0BSeries A · 2010-04-30 Raised $12M (real) Modeled valuation $333M (est)$12M$333MSeries A2010Series A · 2011-10-25 Raised $3.1M (real) Modeled valuation $86M (est)$3.1M$86MSeries A2011Series B · 2012-05-23 Raised $21M (real) Modeled valuation $644M (est)$21M$644MSeries B2012Series B · 2012-05-23 Raised $16M (real) Modeled valuation $492M (est)$16M$492MSeries B2012Series B · 2014-02-18 Raised $4.4M (real) Modeled valuation $134M (est)$4.4M$134MSeries B2014+$3.1M+$21M+$16M+$4.4MCumulative $57M

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
Series A$12.0M · 2010
Series A extension$3.1M · 2011
Series B$21.2M · 2012
Series B extension$16.2M · 2012
Series B extension$4.4M · 2014

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$134.5M
Base estimate est.
$10.8M
Conservative case
$517.5M
Upside case
$24.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $332.9M · 2010-04-302010Series A · modeled $85.9M · 2011-10-25Series B · modeled $644.2M · 2012-05-23Series B · modeled $491.9M · 2012-05-23Series B · modeled $134.5M · 2014-02-182014
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
12.4 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$14.9M/yr
Capital velocity
16.2 yr
On record since
2010
First round
5
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 18× above median
This company$56.8M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.2× of median
This company$4.4M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 3.6× above median
This company$134.5M
Sector median$37.3M

Raised more than 94% of sector peers (real $). Modeled value above 77% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #274 of 321.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)PlanSource Holdings, Inc. · Series B Raised $40.0M · modeled $1.2B (est)Transphorm, Inc. · Series B Raised $246.8M · modeled $1.2B (est)Skyhigh Networks, Inc. · Series B Raised $46.5M · modeled $1.2B (est)Misfit Wearables Corp · Series B Raised $63.0M · modeled $1.2B (est)Veracode Inc · Series B Raised $95.1M · modeled $1.2B (est)Hired, Inc. · Series B Raised $57.5M · modeled $1.2B (est)Iqms · Series B Raised $74.5M · modeled $1.2B (est)Vistronix Intelligence & Technology Solutions, LLC · Series B Raised $56.1M · modeled $1.2B (est)Ruby Receptionists, Inc. · Series B Raised $38.8M · modeled $1.2B (est)Percolate Industries, Inc. · Series B Raised $72.6M · modeled $1.2B (est)Appian Corp · Series B Raised $37.5M · modeled $1.1B (est)Luxtera Inc · Series B Raised $91.8M · modeled $1.1B (est)Sand 9 Inc (this company) Raised $56.8M · modeled $134.5M (est)Sand 9 Inc
CompanyStageRaised · realValue · estvs peer med.
PlanSource Holdings, Inc.Series B$40.0M$1.2B2.11×
Transphorm, Inc.Series B$246.8M$1.2B2.11×
Skyhigh Networks, Inc.Series B$46.5M$1.2B2.11×
Misfit Wearables CorpSeries B$63.0M$1.2B2.11×
Veracode IncSeries B$95.1M$1.2B2.11×
Hired, Inc.Series B$57.5M$1.2B2.11×
IqmsSeries B$74.5M$1.2B2.08×
Vistronix Intelligence & Technology Solutions, LLCSeries B$56.1M$1.2B2.04×
Ruby Receptionists, Inc.Series B$38.8M$1.2B2.04×
Percolate Industries, Inc.Series B$72.6M$1.2B2.01×
Appian CorpSeries B$37.5M$1.1B1.97×
Luxtera IncSeries B$91.8M$1.1B1.97×
Sand 9 Inc this companySeries B$56.8M$134.5M0.23×
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.
Series A$12.0M2010-04-30$54.5M$332.9M90%
Series A$3.1M2011-10-25$14.1M$85.9M90%
Series B$21.2M2012-05-23$117.5M$644.2M90%
Series B$16.2M2012-05-23$89.7M$491.9M90%
Series B$4.4M2014-02-18$24.5M$134.5M90%
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. Series A$12.0M2010-04-30
    • First recorded raise — entered as Series A.
  2. Series A$3.1M2011-10-25
    • Raised 18 mo later, in step with the ~13 mo sector norm.
    • Round 3.9× smaller than the prior — bridge or down round.
  3. Series B$21.2M2012-05-23
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 6.8× larger than the prior — scaling up.
  4. Series B$16.2M2012-05-23
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
  5. Series B$4.4M2014-02-18
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 3.7× smaller than the prior — bridge or down round.
Intelligence
2015 ~Q1
Modeled next raise · ~11mo cadence
$4.4M
Modeled next size est.range $4.4M$7.1M
0.3×
Last step-up
$14.9M/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
Hemant Taneja20 other2010-04
David Aronoff6 other2010-04
Jose Melendez1 other2010-04
Matthew Crowley1 other2010-04
Paul Hallee1 other2012-05
Gregory Waters2011-10
Pritiraj Mohanty2010-04
Ralph Pini2011-10
R. Stephen McCormack2010-04
Srinivasan Sivaram2012-05
Vincent Graziani2010-04
Registry & provenance

Sand 9 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
1401285
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
Puzzle Financial Inc.Other TechnologySeries B$52.1M$292.4Mnetwork1 shared operator · same sector · same stage
Mindstrong, Inc.Other TechnologySeries B$52.0M$944.1Mnetwork1 shared operator · same sector · same stage
CrescendoAI Inc.Other TechnologySeries B$46.5M$215.4Mnetwork1 shared operator · same sector · same stage
NSONE Inc.Other TechnologySeries B$46.2M$700.5Mnetwork1 shared operator · same sector · same stage
Fourier Earth, Inc.Other TechnologySeries B$18.6M$120.0Mnetwork1 shared operator · same sector · same stage
NITRONEX CorpOther TechnologySeries B$54.1M$137.2Msame sector · same stage
HM Bradley, Inc.Other TechnologySeries B$60.4M$131.8Msame sector · same stage
Gridco, Inc.Other TechnologySeries A$42.5M$332.9Mnetwork1 shared operator · same sector
Frequently asked
How much funding has Sand 9 Inc raised?
Sand 9 Inc has raised approximately $56.8M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Sand 9 Inc's estimated valuation?
Provath's modeled valuation for Sand 9 Inc is approximately $134.5M (modeled range $10.8M–$517.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sand 9 Inc at?
Sand 9 Inc's latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Feb 18.
What does Sand 9 Inc do and where is it based?
Sand 9 Inc operates in the Other Technology sector, based in Cambridge.
Explore related

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