Diligence memo · auto-generated · as of July 2, 2026
Security First Corp.
Security First Corp. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Security First Corp. operates in Cybersecurity, based in RANCHO SANTA MARGARITA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Security First Corp. has raised $75M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $38M on 2014-12-04.
Most recent recorded round closed around 2018-09-27.
Valuation (modeled)modeled
Provath models Security First Corp. at approximately $95M (range $6.9M–$366M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.18× the median modeled value of Series B Cybersecurity companies in 2016–2018 (5 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 7.8 yr ago; this sector typically re-raises about every 15 months.
Silent for over 3× the sector's normal cadence.
The last round was 3.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 94% of Cybersecurity peers (270 compared).
Modeled value ranks above 71% of those peers.
Closest niche peers: Threat Stack, Inc., Securly, Inc., Red Balloon Security, Inc., 3VR Security Inc.
Peoplefiled
20 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.