Diligence memo · auto-generated · as of July 2, 2026
Seek Thermal, Inc.
Seek Thermal, Inc. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Seek Thermal, Inc. operates in Energy / Climate, based in GOLETA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Seek Thermal, Inc. has raised $39M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2012-10-17.
Most recent recorded round closed around 2017-01-31.
Valuation (modeled)modeled
Provath models Seek Thermal, Inc. at approximately $29M (range $4.8M–$110M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Series B Energy / Climate companies in 2016–2018 (9 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 9.4 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round was 7.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 91% of Energy / Climate peers (235 compared).
Modeled value ranks above 61% of those peers.
Closest niche peers: WCI - Power Investments, LLC, Achates Power Inc, Power Design Holdings, LLC, Kingdom Wireless Power II, LLC, Brilliant Light Power, Inc.
Peoplefiled
9 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.