Diligence memo · auto-generated · as of July 2, 2026
Smith Micro Software, Inc.
Smith Micro Software, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Smith Micro Software, Inc. operates in Telecommunications, based in PITTSBURGH.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Smith Micro Software, Inc. has raised $79M in disclosed capital across 13 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $15M on 2022-08-11.
Most recent recorded round closed around 2026-03-06.
Valuation (modeled)modeled
Provath models Smith Micro Software, Inc. at approximately $13M (range $6.5M–$19M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.80× the median modeled value of Series A Telecommunications companies in 2025–2027 (16 peers) — value vs value, same stage and era. Within the normal band (80% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 4 mo ago; this sector typically re-raises about every 10 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 3.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 91% of Telecommunications peers (929 compared).
Modeled value ranks above 31% of those peers.
Closest niche peers: Affiniti Ventures, Inc., Searchlight III CVL, LLC, Caregility Corp, Ondas Networks Inc., Otava, Inc..
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.