Companies · Other Technology

SkySpecs, Inc.

ANN ARBOR · Other Technology

Diligence memoA one-page analyst read on SkySpecs, Inc. — recommendation, valuation, rhythm, risks.
$127.3M
Total raised · real
8
Rounds
0.1×
Latest step-up
Top 4%
Sector rank · raised
Series C
Latest stage · inferred · Mon Mar 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

SkySpecs, Inc. looks under-valued against its niche peers and is active 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 0.24× the median modeled value of Series C Other Technology companies in 2025–2027 (93 peers) — value vs value, same stage and era.
Active
  • Last raise 16 mo ago; this sector typically re-raises about every 13 months.
  • Raising on or ahead of the sector's normal rhythm.
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

SkySpecs, Inc. is one of 21302 Other Technology companies tracked from ANN ARBOR. By capital raised it ranks among the largest (ahead of 97% 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
Rule 506(b)
Reg D exemption
14
Investors (latest)
2025-03-17
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$500M$1.0B$1.5B$2.0BPre-Seed · 2013-07-31 Raised $480K (real) Modeled valuation $20M (est)Pre-Seed2013Pre-Seed · 2013-07-31 Raised $305K (real) Modeled valuation $13M (est)Pre-Seed2013Seed · 2015-11-10 Raised $3.7M (real) Modeled valuation $125M (est)Seed2015Seed · 2017-06-30 Raised $574K (real) Modeled valuation $20M (est)Seed2017Series A · 2017-12-28 Raised $8.8M (real) Modeled valuation $244M (est)Series A2017Series A · 2019-11-06 Raised $13M (real) Modeled valuation $360M (est)Series A2019Series A · 2021-02-25 Raised $10M (real) Modeled valuation $216M (est)Series A2021Series C · 2022-04-29 Raised $80M (real) Modeled valuation $1.4B (est)Series C2022Series C · 2025-03-17 Raised $10M (real) Modeled valuation $79M (est)Series C2025+$305K+$3.7M+$574K+$8.8M+$13M+$10M+$80M+$10MCumulative $128M

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$480K · 2013
Pre-Seed extension$305K · 2013
Seed$3.7M · 2015
Seed extension$574K · 2017
Series A$8.8M · 2017
Series A extension$13.0M · 2019
Series A extension$10.2M · 2021
Series C$80.2M · 2022no Series B on file
Series C extension$10.4M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 80%.

Modeled valuation trajectory
$78.8M
Base estimate est.
$39.6M
Conservative case
$108.6M
Upside case
$69.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $20.3M · 2013-07-312013Pre-Seed · modeled $12.9M · 2013-07-31Seed · modeled $125.0M · 2015-11-10Seed · modeled $19.6M · 2017-06-30Series A · modeled $244.4M · 2017-12-28Series A · modeled $360.0M · 2019-11-06Series A · modeled $216.4M · 2021-02-25Series C · modeled $1.4B · 2022-04-29Series C · modeled $78.8M · 2025-03-172025
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$10.9M/yr
Capital velocity
12.9 yr
On record since
2013
First round
9
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) 40× above median
This company$127.3M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.2× of median
This company$10.4M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 2.1× above median
This company$78.8M
Sector median$37.3M

Raised more than 97% of sector peers (real $). Modeled value above 67% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #82 of 93.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)TensorWave Inc. · Series C Raised $100.0M · modeled $740.4M (est)Mobile Money Americas Corp. · Series C Raised $175.0M · modeled $674.7M (est)Framer, Inc. · Series C Raised $162.1M · modeled $666.3M (est)Sanity, Inc. · Series C Raised $174.3M · modeled $640.7M (est)Celero Communications, Inc. · Series C Raised $138.4M · modeled $627.7M (est)Colors4Kids (01-50) LLC · Series C Raised $90.0M · modeled $624.6M (est)PDW Holdings, Inc. · Series C Raised $124.1M · modeled $608.8M (est)Vivodyne, Inc. · Series C Raised $79.7M · modeled $606.6M (est)Project Applecart LLC · Series C Raised $118.3M · modeled $603.1M (est)Cambium Biomaterials, Inc. · Series C Raised $119.7M · modeled $580.1M (est)Vumedi, Inc. · Series C Raised $82.1M · modeled $574.8M (est)Auterion Group Inc. · Series C Raised $87.7M · modeled $567.5M (est)SkySpecs, Inc. (this company) Raised $127.3M · modeled $78.8M (est)SkySpecs, Inc.
CompanyStageRaised · realValue · estvs peer med.
TensorWave Inc.Series C$100.0M$740.4M2.22×
Mobile Money Americas Corp.Series C$175.0M$674.7M2.02×
Framer, Inc.Series C$162.1M$666.3M2.00×
Sanity, Inc.Series C$174.3M$640.7M1.92×
Celero Communications, Inc.Series C$138.4M$627.7M1.88×
Colors4Kids (01-50) LLCSeries C$90.0M$624.6M1.87×
PDW Holdings, Inc.Series C$124.1M$608.8M1.83×
Vivodyne, Inc.Series C$79.7M$606.6M1.82×
Project Applecart LLCSeries C$118.3M$603.1M1.81×
Cambium Biomaterials, Inc.Series C$119.7M$580.1M1.74×
Vumedi, Inc.Series C$82.1M$574.8M1.72×
Auterion Group Inc.Series C$87.7M$567.5M1.70×
SkySpecs, Inc. this companySeries C$127.3M$78.8M0.24×
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$480K2013-07-31$2.7M$20.3M85%
Pre-Seed$305K2013-07-31$1.7M$12.9M85%
Seed$3.7M2015-11-10$18.3M$125.0M85%
Seed$574K2017-06-30$2.9M$19.6M90%
Series A$8.8M2017-12-28$40.0M$244.4M90%
Series A$13.0M2019-11-06$59.0M$360.0M90%
Series A$10.2M2021-02-25$46.2M$216.4M90%
Series C$80.2M2022-04-29$534.7M$1.4B90%
Series C$10.4M2025-03-17$69.7M$78.8M90%
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$480K2013-07-31
    • First recorded raise — entered as Pre-Seed.
    • 23 investors on this round.
  2. Pre-Seed$305K2013-07-31
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
    • Switched to Rule 06 (was Rule 506(b)).
    • 8 investors on this round.
  3. Seed$3.7M2015-11-10
    • Raised again after 27 mo — slower than the ~13 mo sector norm.
    • Round 12.0× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 41 investors on this round.
  4. Seed$574K2017-06-30
    • Raised 20 mo later, in step with the ~13 mo sector norm.
    • Round 6.4× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  5. Series A$8.8M2017-12-28
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 15.3× larger than the prior — scaling up.
    • 25 investors on this round.
  6. Series A$13.0M2019-11-06
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 16 investors on this round.
  7. Series A$10.2M2021-02-25
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  8. Series C$80.2M2022-04-29
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 7.9× larger than the prior — scaling up.
    • 20 investors on this round.
  9. Series C$10.4M2025-03-17
    • Raised again after 35 mo — slower than the ~13 mo sector norm.
    • Round 7.7× smaller than the prior — bridge or down round.
    • 14 investors on this round.
Intelligence
2026 ~Q3
Modeled next raise · ~17mo cadence
$10.4M
Modeled next size est.range $10.4M$16.7M
0.1×
Last step-up
$10.9M/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
David Roberts12 other2025-03
JAMES ADOX4 other2015-11
Charles Moret3 other2017-06
Tim Streit3 other2015-11
Peter Wells2 other2025-03
Thomas Brady2 other2013-07
Daniel Ellis1 other2013-07
Alexander Kuppers2017-12
Bill Leland Johnson2019-11
Edmee Leland Kelsey2021-02
George Leland Edwards2019-11
Patrick Senatore2013-07
Richard Katz2025-03
Rich Leland Katz2022-04
Ryan Morton2013-07
Samuel DeBruin2013-07
Scott Leland MacDonald2019-11
Tanner Mahoney2025-03
Vikas Agrawal2025-03
Vikas Leland Agrawal2022-04
Registry & provenance

SkySpecs, 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
1565327
SEC CIK
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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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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
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BrightSpec, Inc.Other TechnologySeries A$15.5M89%
Skydio, Inc.Other TechnologySeries D+$4.7B89%
SkyThread CorpOther TechnologyPre-Seed$3.2M88%
Only Sky Inc.Other TechnologyPre-Seed$5.1M88%
SkySafe, Inc.Other TechnologySeries B$24.9M88%
Frequently asked
How much funding has SkySpecs, Inc. raised?
SkySpecs, Inc. has raised approximately $127.3M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is SkySpecs, Inc.'s estimated valuation?
Provath's modeled valuation for SkySpecs, Inc. is approximately $78.8M (modeled range $39.6M–$108.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is SkySpecs, Inc. at?
SkySpecs, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Mon Mar 17.
What does SkySpecs, Inc. do and where is it based?
SkySpecs, Inc. operates in the Other Technology sector, based in ANN ARBOR.
Explore related

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