Companies · Software / Tech

Sortera Technologies, Inc.

Markle · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on Sortera Technologies, Inc. — recommendation, valuation, rhythm, risks.
$81.3M
Total raised · real
3
Rounds
1.3×
Latest step-up
Top 7%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 13 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Sortera Technologies, Inc. looks fair against its niche peers and is at-risk 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 1.26× the median modeled value of Series C Software / Tech companies in 2022–2024 (55 peers) — value vs value, same stage and era.
  • Within the normal band (126% of peer median) for its niche.
At-risk
  • Last raise 3.2 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Sortera Technologies, Inc. is one of 3920 Software / Tech companies tracked from Markle. By capital raised it ranks among the largest (ahead of 94% 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
Rule 506(b)
Reg D exemption
14
Investors (latest)
2020
Year incorporated
2023-04-13
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 · 2020-07-17 Raised $2.0M (real) Modeled valuation $67M (est)$2.0M$67MSeed2020Series B · 2021-06-14 Raised $20M (real) Modeled valuation $436M (est)$20M$436MSeries B2021Series B · 2023-04-13 Raised $22M (real) Modeled valuation $258M (est)$22M$258MSeries B2023Series B · 2023-04-13 Raised $30M (real) Modeled valuation $349M (est)$30M$349MSeries B2023Series C · 2023-04-13 Raised $44M (real) Modeled valuation $600M (est)$44M$600MSeries C2023Series C · 2023-04-13 Raised $59M (real) Modeled valuation $802M (est)$59M$802MSeries C2023+$20M+$22M+$30M+$44M+$59MCumulative $179M

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$2.0M · 2020
Series B$20.0M · 2021no Series A on file
Series B extension$22.5M · 2023
Series B extension$30.5M · 2023
Series C$44.4M · 2023
Series C extension$59.3M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$802.2M
Base estimate est.
$224.9M
Conservative case
$1.4B
Upside case
$395.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $66.7M · 2020-07-172020Series B · modeled $435.7M · 2021-06-14Series B · modeled $257.5M · 2023-04-13Series B · modeled $349.2M · 2023-04-13Series C · modeled $600.3M · 2023-04-13Series C · modeled $802.2M · 2023-04-132023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
3.2 yr
Elapsed time used
3.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$29.7M/yr
Capital velocity
6.0 yr
On record since
2020
First round
6
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) 18× above median
This company$81.3M
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.2× above median
This company$59.3M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages) 22× above median
This company$802.2M
Sector median$36.6M

Raised more than 94% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #20 of 55.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pinecone Systems, Inc. · Series C Raised $128.2M · modeled $1.4B (est)Hydration Labs, Inc. · Series C Raised $135.0M · modeled $1.3B (est)SiMa Technologies, Inc. · Series C Raised $167.8M · modeled $1.2B (est)Atlas Technology Solutions Inc. · Series C Raised $95.0M · modeled $1.2B (est)Pascaline Systems, Inc. · Series C Raised $106.0M · modeled $1.2B (est)Innovative Data Processing Solutions LLC · Series C Raised $60.0M · modeled $1.2B (est)Dura Software, Inc. · Series C Raised $101.1M · modeled $1.1B (est)Voyager Digital Ltd. · Series C Raised $145.4M · modeled $1.1B (est)Workstream Technologies, Inc. · Series C Raised $107.9M · modeled $1.0B (est)Parry Labs Holdings, LLC · Series C Raised $90.7M · modeled $994.2M (est)Mobix Labs, Inc · Series C Raised $100.0M · modeled $989.2M (est)Databook Labs, Inc. · Series C Raised $71.4M · modeled $968.1M (est)Sortera Technologies, Inc. (this company) Raised $81.3M · modeled $802.2M (est)Sortera Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pinecone Systems, Inc.Series C$128.2M$1.4B2.12×
Hydration Labs, Inc.Series C$135.0M$1.3B1.99×
SiMa Technologies, Inc.Series C$167.8M$1.2B1.96×
Atlas Technology Solutions Inc.Series C$95.0M$1.2B1.89×
Pascaline Systems, Inc.Series C$106.0M$1.2B1.83×
Innovative Data Processing Solutions LLCSeries C$60.0M$1.2B1.82×
Dura Software, Inc.Series C$101.1M$1.1B1.78×
Voyager Digital Ltd.Series C$145.4M$1.1B1.67×
Workstream Technologies, Inc.Series C$107.9M$1.0B1.60×
Parry Labs Holdings, LLCSeries C$90.7M$994.2M1.56×
Mobix Labs, IncSeries C$100.0M$989.2M1.55×
Databook Labs, Inc.Series C$71.4M$968.1M1.52×
Sortera Technologies, Inc. this companySeries C$81.3M$802.2M1.26×
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$2.0M2020-07-17$10.0M$66.7M90%
Series B$20.0M2021-06-14$111.1M$435.7M90%
Series B$22.5M2023-04-13$124.9M$257.5M90%
Series B$30.5M2023-04-13$169.3M$349.2M90%
Series C$44.4M2023-04-13$296.1M$600.3M90%
Series C$59.3M2023-04-13$395.7M$802.2M90%
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$2.0M2020-07-17
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series B$20.0M2021-06-14
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 10.0× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Series B$22.5M2023-04-13
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 9 investors on this round.
  4. Series B$30.5M2023-04-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× larger than the prior — scaling up.
    • 11 investors on this round.
  5. Series C$44.4M2023-04-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.5× larger than the prior — scaling up.
    • 11 investors on this round.
  6. Series C$59.3M2023-04-13
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 14 investors on this round.
Intelligence
2023 ~Q4
Modeled next raise · ~7mo cadence
$79.3M
Modeled next size est.range $59.3M$126.9M
1.3×
Last step-up
$29.7M/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
Michael Siemer5 other2021-06
Kyle Teamey4 other2021-06
Alfred Lam2 other2021-06
Libby Wayman1 other2023-04
Nalin Kumar2020-07
William Caesar2021-06
Registry & provenance

Sortera Technologies, 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
1820156
SEC CIK
2020
Incorporated
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
Voxel Labs Inc.Software / TechSeries C$82.4M$338.9Msame sector · same stage
Cohere Technologies, Inc.Software / TechSeries C$84.7M$1.0Bsame sector · same stage
Dell Technologies IncSoftware / TechSeries C$85.5M$1.1Bsame sector · same stage
Agari Data, Inc.Software / TechSeries C$77.2M$1.3Bsame sector · same stage
Modal Labs, Inc.Software / TechSeries C$76.2M$401.7Msame sector · same stage
Powerlink Digital Partners I, Inc.Software / TechSeries C$75.0M$438.7Msame sector · same stage
Linus Technology NewCo, Inc.Software / TechSeries C$75.0M$540.7Msame sector · same stage
Isotropic Systems LtdSoftware / TechSeries C$73.6M$1.3Bsame sector · same stage
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.

CompanySectorStageValue · estMatch
Allera Technologies Inc.Software / TechPre-Seed$865K84%
Meadow Technologies, Inc.Software / TechSeries B$93.9M83%
Sortium, Inc.Other TechnologySeries A$29.9M82%
Ordinal Technologies, Inc.Software / TechSeed$4.7M82%
Kindred Systems Inc./BCSoftware / TechSeries B$852.7M81%
Topia Technology, Inc.Software / TechSeed$27.9M81%
Kind-1 Technology Inc.Software / TechPre-Seed$767K81%
Tasktop Technologies IncSoftware / TechSeries A$201.1M81%
Frequently asked
How much funding has Sortera Technologies, Inc. raised?
Sortera Technologies, Inc. has raised approximately $81.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Sortera Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Sortera Technologies, Inc. is approximately $802.2M (modeled range $224.9M–$1.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sortera Technologies, Inc. at?
Sortera Technologies, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 13.
What does Sortera Technologies, Inc. do and where is it based?
Sortera Technologies, Inc. operates in the Software / Tech sector, based in Markle.
Explore related

See where Sortera Technologies, 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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