Diligence memo · auto-generated · as of July 3, 2026
Spatialedge
Spatialedge looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Spatialedge operates in AI / ML, based in Stellenbosch, Africa. SA AI startup Spatialedge raises $3.1m funding to scale in retail 0 By Tom Jackson on April 22, 2024 News , Southern Africa The South Africa-based data and applied artificial intelligence (AI) solutions startup Spatialedge has secured ZAR60 million (US$3.1 million) in funding to support it in its mission to transform the retail industry. Launched in Stellenbosch in 2017, Spatialedge is a big data and applied machine learning solutions company that focuses on enabling companies to rapidly build and operationalise robust machine learning solutions.
Sub-sector tags: ai/ml.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spatialedge has raised $3.1M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.1M on 2024-04-22.
Most recent recorded round closed around 2024-04-22.
Valuation (modeled)modeled
Provath models Spatialedge at approximately $19M (range $2.7M–$53M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.05× the median modeled value of Seed AI / ML companies in 2022–2024 (73 peers) — value vs value, same stage and era. Within the normal band (105% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 2.2 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.
Comparablesmixed
Capital scale ranks ahead of 78% of AI / ML peers (2067 compared).
Modeled value ranks above 78% of those peers.
Closest niche peers: MD.ai, Inc., Edge AI Solutions Inc., Operative Intelligence Holdings Inc., Bookend AI Inc., Globus AI, Inc..
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.