Diligence memo · auto-generated · as of July 2, 2026
Spinal Modulation Inc
Spinal Modulation Inc looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Spinal Modulation Inc operates in Other Health Care, based in MENLO PARK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spinal Modulation Inc has raised $76M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $45M on 2013-06-07.
Most recent recorded round closed around 2013-06-07.
Valuation (modeled)modeled
Provath models Spinal Modulation Inc at approximately $1.0B (range $164M–$2.7B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.90× the median modeled value of Series C Other Health Care companies in 2013–2015 (33 peers) — value vs value, same stage and era. Within the normal band (90% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 13.1 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 24.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 95% of Other Health Care peers (5377 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: ACON IWP Holdings, L.L.C., Erc Group Holdings, Llc, Cpf Senior Living Holdings, Llc, Corvus Pharmaceuticals, Inc., TVG-SHC Holdings, LLC.
Peoplefiled
12 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.