Companies · Software / Tech

Soluble Systems LLC

Newport News · Software / Tech · refined from filed group “Other Health Care

Diligence memoA one-page analyst read on Soluble Systems LLC — recommendation, valuation, rhythm, risks.
$35.6M
Total raised · real
5
Rounds
4.5×
Latest step-up
Top 14%
Sector rank · raised
Series B
Latest stage · inferred · Thu Oct 26 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Soluble Systems LLC looks fair 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 technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.99× the median modeled value of Series B Software / Tech companies in 2016–2018 (78 peers) — value vs value, same stage and era.
  • Within the normal band (99% of peer median) for its niche.
Dormant
  • Last raise 8.7 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Soluble Systems LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
16.4 yr record
Peak capital year was 2011 with $33.3M across 8 filings.
Market position
ahead of 87% of Software / Tech peers
Capital scale is ahead of 87% of Software / Tech peers; modeled value is above 92% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2011: $33.3M across 8 filings.
  • Largest single filing was $19.0M on 2017-10-26.
  • Filing rows sum to $84.5M, while canonical raised total is $35.6M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Software / Tech

Soluble Systems LLC is one of 3920 Software / Tech companies tracked from Newport News. By capital raised it ranks in the upper tier (ahead of 87% of sector peers), and among the largest 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
$5M–$25M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2017-10-26
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$250M$500M$750M$1.0BSeed · 2010-02-09 Raised $1.3M (real) Modeled valuation $43M (est)Seed2010Seed · 2010-02-09 Raised $1.8M (real) Modeled valuation $61M (est)Seed · 2011-01-03 Raised $3.6M (real) Modeled valuation $124M (est)Seed2011Seed · 2011-01-03 Raised $3.1M (real) Modeled valuation $105M (est)Seed · 2011-01-03 Raised $3.4M (real) Modeled valuation $117M (est)Seed2011Seed · 2011-01-03 Raised $3.4M (real) Modeled valuation $116M (est)Series A · 2011-01-03 Raised $4.5M (real) Modeled valuation $125M (est)Series A2011Seed · 2011-01-03 Raised $2.7M (real) Modeled valuation $92M (est)Series A · 2011-01-03 Raised $7.0M (real) Modeled valuation $195M (est)Series A2011Series A · 2011-01-03 Raised $5.5M (real) Modeled valuation $151M (est)Seed · 2012-10-17 Raised $3.0M (real) Modeled valuation $103M (est)Seed2012Seed · 2012-10-17 Raised $1.2M (real) Modeled valuation $42M (est)Seed · 2012-10-17 Raised $3.2M (real) Modeled valuation $108M (est)Seed2012Seed · 2012-10-17 Raised $3.4M (real) Modeled valuation $115M (est)Seed · 2012-10-17 Raised $2.7M (real) Modeled valuation $91M (est)Seed2012Seed · 2012-10-17 Raised $2.1M (real) Modeled valuation $70M (est)Seed · 2012-10-17 Raised $1.8M (real) Modeled valuation $60M (est)Seed2012Series A · 2012-10-17 Raised $3.5M (real) Modeled valuation $98M (est)Series A · 2015-06-01 Raised $4.1M (real) Modeled valuation $115M (est)Series A2015Series A · 2015-06-01 Raised $4.3M (real) Modeled valuation $118M (est)Series B · 2017-10-26 Raised $19M (real) Modeled valuation $579M (est)Series B2017Cumulative $85M

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
Seed$1.3M · 2010
Seed extension$1.8M · 2010
Seed extension$3.6M · 2011
Seed extension$3.1M · 2011
Seed extension$3.4M · 2011
Seed extension$3.4M · 2011
Series A$4.5M · 2011
Bridge · Series A-stage$2.7M · 2011smaller follow-on
Series A extension$7.0M · 2011
Series A extension$5.5M · 2011
Bridge · Series A-stage$3.0M · 2012smaller follow-on
Bridge · Series A-stage$1.2M · 2012smaller follow-on
Bridge · Series A-stage$3.2M · 2012smaller follow-on
Bridge · Series A-stage$3.4M · 2012smaller follow-on
Bridge · Series A-stage$2.7M · 2012smaller follow-on
Bridge · Series A-stage$2.1M · 2012smaller follow-on
Bridge · Series A-stage$1.8M · 2012smaller follow-on
Series A extension$3.5M · 2012
Series A extension$4.1M · 2015
Series A extension$4.3M · 2015
Series B$19.0M · 2017

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$578.6M
Base estimate est.
$46.5M
Conservative case
$2.2B
Upside case
$105.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $42.9M · 2010-02-092010Seed · modeled $60.7M · 2010-02-09Seed · modeled $124.0M · 2011-01-03Seed · modeled $105.5M · 2011-01-03Seed · modeled $116.5M · 2011-01-03Seed · modeled $116.2M · 2011-01-03Series A · modeled $125.2M · 2011-01-03Seed · modeled $91.8M · 2011-01-03Series A · modeled $194.8M · 2011-01-03Series A · modeled $151.3M · 2011-01-03Seed · modeled $103.2M · 2012-10-17Seed · modeled $41.8M · 2012-10-17Seed · modeled $107.6M · 2012-10-17Seed · modeled $115.3M · 2012-10-17Seed · modeled $90.9M · 2012-10-17Seed · modeled $70.5M · 2012-10-17Seed · modeled $60.3M · 2012-10-17Series A · modeled $98.0M · 2012-10-17Series A · modeled $115.0M · 2015-06-01Series A · modeled $118.4M · 2015-06-01Series B · modeled $578.6M · 2017-10-262017
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
8.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$4.6M/yr
Capital velocity
16.4 yr
On record since
2010
First round
21
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 7.7× above median
This company$35.6M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.0× of median
This company$19.0M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 16× above median
This company$578.6M
Sector median$36.6M

Raised more than 87% of sector peers (real $). Modeled value above 92% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #41 of 78.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0MCapital raised (log)Orchid Labs Inc. · Series B Raised $40.6M · modeled $1.1B (est)Overclock Labs, Inc. · Series B Raised $35.3M · modeled $1.0B (est)Reflexis Systems Inc · Series B Raised $67.2M · modeled $999.8M (est)Nav Technologies, Inc. · Series B Raised $67.8M · modeled $995.5M (est)Vesper Technologies Inc. · Series B Raised $51.4M · modeled $971.7M (est)Applied Data Finance, LLC · Series B Raised $30.8M · modeled $938.7M (est)Digital Reasoning Systems, Inc. · Series B Raised $80.5M · modeled $913.8M (est)Singular Labs Inc. · Series B Raised $35.6M · modeled $913.7M (est)Skyport Systems, Inc. · Series B Raised $66.7M · modeled $904.5M (est)Constellation Labs, LLC · Series B Raised $29.7M · modeled $904.1M (est)Theta Labs, Inc. · Series B Raised $37.4M · modeled $887.6M (est)SolidEnergy Systems Corp. · Series B Raised $79.5M · modeled $879.4M (est)Soluble Systems LLC (this company) Raised $35.6M · modeled $578.6M (est)Soluble Systems LLC
CompanyStageRaised · realValue · estvs peer med.
Orchid Labs Inc.Series B$40.6M$1.1B1.89×
Overclock Labs, Inc.Series B$35.3M$1.0B1.78×
Reflexis Systems IncSeries B$67.2M$999.8M1.72×
Nav Technologies, Inc.Series B$67.8M$995.5M1.71×
Vesper Technologies Inc.Series B$51.4M$971.7M1.67×
Applied Data Finance, LLCSeries B$30.8M$938.7M1.61×
Digital Reasoning Systems, Inc.Series B$80.5M$913.8M1.57×
Singular Labs Inc.Series B$35.6M$913.7M1.57×
Skyport Systems, Inc.Series B$66.7M$904.5M1.55×
Constellation Labs, LLCSeries B$29.7M$904.1M1.55×
Theta Labs, Inc.Series B$37.4M$887.6M1.52×
SolidEnergy Systems Corp.Series B$79.5M$879.4M1.51×
Soluble Systems LLC this companySeries B$35.6M$578.6M0.99×
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.
Seed$1.3M2010-02-09$6.3M$42.9M85%
Seed$1.8M2010-02-09$8.9M$60.7M85%
Seed$3.6M2011-01-03$18.2M$124.0M85%
Seed$3.1M2011-01-03$15.5M$105.5M85%
Seed$3.4M2011-01-03$17.1M$116.5M85%
Seed$3.4M2011-01-03$17.1M$116.2M85%
Series A$4.5M2011-01-03$20.5M$125.2M85%
Seed$2.7M2011-01-03$13.5M$91.8M85%
Series A$7.0M2011-01-03$31.9M$194.8M85%
Series A$5.5M2011-01-03$24.8M$151.3M85%
Seed$3.0M2012-10-17$15.1M$103.2M85%
Seed$1.2M2012-10-17$6.1M$41.8M85%
Seed$3.2M2012-10-17$15.8M$107.6M85%
Seed$3.4M2012-10-17$16.9M$115.3M85%
Seed$2.7M2012-10-17$13.3M$90.9M85%
Seed$2.1M2012-10-17$10.3M$70.5M85%
Seed$1.8M2012-10-17$8.8M$60.3M85%
Series A$3.5M2012-10-17$16.1M$98.0M85%
Series A$4.1M2015-06-01$18.9M$115.0M85%
Series A$4.3M2015-06-01$19.4M$118.4M85%
Series B$19.0M2017-10-26$105.6M$578.6M90%
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. Seed$1.3M2010-02-09
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Seed$1.8M2010-02-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Seed$3.6M2011-01-03
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
    • 45 investors on this round.
  4. Seed$3.1M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 34 investors on this round.
  5. Seed$3.4M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 41 investors on this round.
  6. Seed$3.4M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 40 investors on this round.
  7. Series A$4.5M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 56 investors on this round.
  8. Seed$2.7M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 29 investors on this round.
  9. Series A$7.0M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× larger than the prior — scaling up.
    • 72 investors on this round.
  10. Series A$5.5M2011-01-03
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 69 investors on this round.
  11. Seed$3.0M2012-10-17
    • Raised again after 21 mo — slower than the ~13 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → $1M–$5M.
    • 50 investors on this round.
  12. Seed$1.2M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.5× smaller than the prior — bridge or down round.
    • 18 investors on this round.
  13. Seed$3.2M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.6× larger than the prior — scaling up.
    • 53 investors on this round.
  14. Seed$3.4M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 55 investors on this round.
  15. Seed$2.7M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 44 investors on this round.
  16. Seed$2.1M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 34 investors on this round.
  17. Seed$1.8M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 29 investors on this round.
  18. Series A$3.5M2012-10-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.0× larger than the prior — scaling up.
    • 57 investors on this round.
  19. Series A$4.1M2015-06-01
    • Raised again after 31 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • Switched to Rule 506(b) (was Rule 06).
    • 24 investors on this round.
  20. Series A$4.3M2015-06-01
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 26 investors on this round.
  21. Series B$19.0M2017-10-26
    • Raised again after 29 mo — slower than the ~13 mo sector norm.
    • Round 4.5× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2018 ~Q1
Modeled next raise · ~5mo cadence
$57.0M
Modeled next size est.range $37.0M$91.2M
4.5×
Last step-up
$4.6M/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 L. Bernd2 other2012-10
David A> Kaufman1 other2011-01
Allan R. Staley2010-02
Allan Staley2017-10
Antony G. Koblish2017-10
David A. Bernd2011-01
Gordon G. Berkstresser2011-01
Gordon R. Berkstresser2012-10
Greg G. Madden2017-10
Guy G. Levy2010-02
Henry A. Berling2011-01
Linwood A. Staub2011-01
Linwood G. Staub2011-01
Linwood R. Staub2012-10
Linwood Staub2017-10
Michael G. Koby2017-10
Paul G. Laviolette2017-10
Randy G. Rutherford2010-02
Ronald H. Jones2010-02
Thomas A. Zeni2015-06
Thomas G. Snead, Jr.2017-10
Thomas McCarter2010-02
T. Kerry McCarter2011-01
William A. Easby-Smith2011-01
Registry & provenance

Soluble Systems LLC 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
1419632
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.

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Frequently asked
How much funding has Soluble Systems LLC raised?
Soluble Systems LLC has raised approximately $35.6M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Soluble Systems LLC's estimated valuation?
Provath's modeled valuation for Soluble Systems LLC is approximately $578.6M (modeled range $46.5M–$2.2B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Soluble Systems LLC at?
Soluble Systems LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Oct 26.
What does Soluble Systems LLC do and where is it based?
Soluble Systems LLC operates in the Software / Tech sector, based in Newport News.
Explore related

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

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