Diligence memo · auto-generated · as of July 2, 2026
Span.IO, Inc.
Span.IO, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Span.IO, Inc. operates in Software / Tech, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Span.IO, Inc. has raised $384M in disclosed capital across 7 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $163M on 2026-01-15.
Most recent recorded round closed around 2026-01-15.
Valuation (modeled)modeled
Provath models Span.IO, Inc. at approximately $1.3B (range $907M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.93× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era. Within the normal band (93% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 6 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 6.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Software / Tech peers (3920 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Saronic Technologies, Inc., Mercor.io Corp, Clearwater Analytics Holdings, Inc., Mercury Technologies, Inc., Bitmine Immersion Technologies, Inc..
Peoplefiled
15 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.