Diligence memo · auto-generated · as of July 2, 2026
Solarcycle, Inc.
Solarcycle, Inc. has raised $36M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Solarcycle, Inc. operates in Environmental Services, based in MESA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Solarcycle, Inc. has raised $36M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $32M on 2023-02-27.
Most recent recorded round closed around 2023-02-27.
Valuation (modeled)modeled
Provath models Solarcycle, Inc. at approximately $325M (range $73M–$751M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 3.3 yr ago; this sector typically re-raises about every 11 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round stepped up 6.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 90% of Environmental Services peers (242 compared).
Modeled value ranks above 90% of those peers.
Closest niche peers: Isq Hawkeye Holdings, L.P., Burnbot, Inc., Cambrian Innovation Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.