Diligence memo · auto-generated · as of July 2, 2026
SMX (Security Matters) Public Ltd Co
SMX (Security Matters) Public Ltd Co looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
SMX (Security Matters) Public Ltd Co operates in Cybersecurity, based in DUBLIN 4.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
SMX (Security Matters) Public Ltd Co has raised $9.6M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.3M on 2024-09-12.
Most recent recorded round closed around 2024-09-12.
Valuation (modeled)modeled
Provath models SMX (Security Matters) Public Ltd Co at approximately $29M (range $7.3M–$59M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.54× the median modeled value of Series A Cybersecurity companies in 2022–2024 (29 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 22 mo ago; this sector typically re-raises about every 15 months.
Slightly overdue versus sector cadence.
The last round stepped up 1.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 70% of Cybersecurity peers (270 compared).
Modeled value ranks above 49% of those peers.
Closest niche peers: Surefire Cyber Inc., Zilla Security Inc., AaDya Security, Inc, Sevco Security, Inc., DeepSurface Security, Inc..
Peoplefiled
9 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.