Companies · Manufacturing

Smart Structures, Inc.

SOUTHAMPTON · Manufacturing

Diligence memoA one-page analyst read on Smart Structures, Inc. — recommendation, valuation, rhythm, risks.
$3.9M
Total raised · real
5
Rounds
0.7×
Latest step-up
Top 39%
Sector rank · raised
Seed
Latest stage · inferred · Tue Oct 30 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Smart Structures, 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 manufacturing 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 0.19× the median modeled value of Seed Manufacturing companies in 2010–2012 (142 peers) — value vs value, same stage and era.
Dormant
  • Last raise 13.7 yr ago; this sector typically re-raises about every 12 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 Manufacturing

Smart Structures, Inc. is one of 3256 Manufacturing companies tracked from SOUTHAMPTON. By capital raised it ranks mid-pack (ahead of 62% 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
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$5.0M$10M$15M$20MPre-Seed · 2008-12-19 Raised $735K (real) Modeled valuation $11M (est)$735K$11MPre-Seed2008Seed · 2011-05-19 Raised $1.6M (real) Modeled valuation $20M (est)$1.6M$20MSeed2011Seed · 2011-05-19 Raised $1.1M (real) Modeled valuation $13M (est)$1.1M$13MSeed2011Seed · 2012-10-30 Raised $305K (real) Modeled valuation $3.7M (est)$305K$3.7MSeed2012Seed · 2012-10-30 Raised $210K (real) Modeled valuation $2.6M (est)$210K$2.6MSeed2012+$1.6M+$1.1M+$305K+$210KCumulative $3.9M

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$735K · 2008
Seed$1.6M · 2011
Seed extension$1.1M · 2011
Seed extension$305K · 2012
Seed extension$210K · 2012

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$3.7M
Base estimate est.
$280K
Conservative case
$29.4M
Upside case
$1.5M
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 manufacturing sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $11.2M · 2008-12-192008Seed · modeled $19.6M · 2011-05-19Seed · modeled $13.0M · 2011-05-19Seed · modeled $3.7M · 2012-10-30Seed · modeled $2.6M · 2012-10-302012
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
41%
Survival probability
18% low · 63% high
1.35×/yr
Annual markup
1.77×/yr upside case
6.0 yr
Elapsed time used
13.7 yr actual, capped for stale marks
manufacturing
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$1.0M/yr
Capital velocity
17.5 yr
On record since
2008
First round
5
Rounds on file
How it compares to the market

Benchmarked against 3256 companies in Manufacturing. 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) 1.9× above median
This company$3.9M
Sector median$2.0M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$210K
Sector median$1.6M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$3.7M
Sector median$12.0M

Raised more than 62% of sector peers (real $). Modeled value above 25% 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 #135 of 142.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Ward Adhesives Holdings, Inc. · Seed Raised $4.0M · modeled $49.1M (est)Niagara Thermal Products LLC · Seed Raised $4.0M · modeled $49.1M (est)Polysciences, Inc. · Seed Raised $4.0M · modeled $49.1M (est)Vehicle Production Group Llc · Seed Raised $4.0M · modeled $49.0M (est)Superior Uniform Group Inc · Seed Raised $3.8M · modeled $46.9M (est)Gibson Guitar Corp. · Seed Raised $3.8M · modeled $46.6M (est)Doedijns Management B.V. · Seed Raised $3.7M · modeled $45.6M (est)Great Northern Ventures, LLC · Seed Raised $3.6M · modeled $44.3M (est)International Thermal Systems LLC · Seed Raised $3.3M · modeled $40.5M (est)Mts Holding, Llc · Seed Raised $3.3M · modeled $40.2M (est)Selectech Inc · Seed Raised $3.2M · modeled $39.8M (est)Container Life Cycle Management LLC · Seed Raised $3.2M · modeled $39.3M (est)Smart Structures, Inc. (this company) Raised $3.9M · modeled $3.7M (est)Smart Structures, Inc.
CompanyStageRaised · realValue · estvs peer med.
Ward Adhesives Holdings, Inc.Seed$4.0M$49.1M2.52×
Niagara Thermal Products LLCSeed$4.0M$49.1M2.52×
Polysciences, Inc.Seed$4.0M$49.1M2.52×
Vehicle Production Group LlcSeed$4.0M$49.0M2.52×
Superior Uniform Group IncSeed$3.8M$46.9M2.41×
Gibson Guitar Corp.Seed$3.8M$46.6M2.39×
Doedijns Management B.V.Seed$3.7M$45.6M2.34×
Great Northern Ventures, LLCSeed$3.6M$44.3M2.28×
International Thermal Systems LLCSeed$3.3M$40.5M2.08×
Mts Holding, LlcSeed$3.3M$40.2M2.07×
Selectech IncSeed$3.2M$39.8M2.05×
Container Life Cycle Management LLCSeed$3.2M$39.3M2.02×
Smart Structures, Inc. this companySeed$3.9M$3.7M0.19×
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$735K2008-12-19$4.1M$11.2M90%
Seed$1.6M2011-05-19$8.0M$19.6M90%
Seed$1.1M2011-05-19$5.3M$13.0M90%
Seed$305K2012-10-30$1.5M$3.7M90%
Seed$210K2012-10-30$1.1M$2.6M90%
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$735K2008-12-19
    • First recorded raise — entered as Pre-Seed.
  2. Seed$1.6M2011-05-19
    • Raised again after 29 mo — slower than the ~12 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
  3. Seed$1.1M2011-05-19
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
  4. Seed$305K2012-10-30
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 3.5× smaller than the prior — bridge or down round.
  5. Seed$210K2012-10-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× smaller than the prior — bridge or down round.
Intelligence
2013 ~Q4
Modeled next raise · ~12mo cadence
$210K
Modeled next size est.range $210K$336K
0.7×
Last step-up
$1.0M/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
Thomas Chiarella1 other2008-12
Alden C Purrington, III2011-05
Kurt C Hecht2011-05
Richard C Hecht2011-05
Richard Hecht2008-12
Shelley Thomas Gisclar2012-10
Steve C. Luscinski2011-05
Steve Thomas Luscinski2012-10
Registry & provenance

Smart Structures, 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
1467576
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
Warren Oil Management CoManufacturingSeed$3.9M$3.6Msame sector · same stage
Promethient, Inc.ManufacturingSeed$4.0M$2.8Msame sector · same stage
Specified Air Solutions Holdings, LLCManufacturingSeed$3.6M$3.0Msame sector · same stage
Get Bizzy Inc.ManufacturingSeed$3.6M$4.3Msame sector · same stage
Rocketail, LLCManufacturingSeed$3.5M$3.7Msame sector · same stage
Microphase CorpManufacturingSeed$4.5M$3.1Msame sector · same stage
Taphandles LlcManufacturingSeed$3.3M$3.1Msame sector · same stage
Free To Eat, Inc.ManufacturingSeed$3.3M$2.7Msame sector · same stage
Frequently asked
How much funding has Smart Structures, Inc. raised?
Smart Structures, Inc. has raised approximately $3.9M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Smart Structures, Inc.'s estimated valuation?
Provath's modeled valuation for Smart Structures, Inc. is approximately $3.7M (modeled range $280K–$29.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Smart Structures, Inc. at?
Smart Structures, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Oct 30.
What does Smart Structures, Inc. do and where is it based?
Smart Structures, Inc. operates in the Manufacturing sector, based in SOUTHAMPTON.
Explore related

See where Smart Structures, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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