Companies · Cybersecurity

Spring Rock Security Partners I-A LP

WESTERN SPRINGS · Cybersecurity · refined from filed group “Other Technology”

Diligence memoA one-page analyst read on Spring Rock Security Partners I-A LP — recommendation, valuation, rhythm, risks.→
$2.9M
Total raised · real
1
Rounds
—
Latest step-up
Top 56%
Sector rank · raised
Seed
Latest stage · inferred · Mon Jul 24 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

Spring Rock Security Partners I-A LP looks over-valued 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 cybersecurity sector profile.

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

Over-valued
  • Modeled value is 1.68× the median modeled value of Seed Cybersecurity companies in 2016–2018 (14 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.9 yr ago; this sector typically re-raises about every 15 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Spring Rock Security Partners I-A LP 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
9.2 yr record
Peak capital year was 2017 with $2.9M across 1 filings.
Market position
ahead of 45% of Cybersecurity peers
Capital scale is ahead of 45% of Cybersecurity peers; modeled value is above 73% 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
Consistent
Canonical totals and visible filing detail are broadly aligned.
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 2017: $2.9M across 1 filings.
  • Largest single filing was $2.9M on 2017-07-24.
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.
Where it sits in Cybersecurity

Spring Rock Security Partners I-A LP is one of 270 Cybersecurity companies tracked from WESTERN SPRINGS. By capital raised it ranks mid-pack (ahead of 45% of sector peers), and in the upper tier 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
1
Investors (latest)
2017
Year incorporated
2017-07-24
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$50M$100M$150M$200MSeed · 2017-07-24 Raised $2.9M (real) Modeled valuation $114M (est)$2.9M$114MSeed2017

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$2.9M · 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: 50%.

Modeled valuation trajectory
$113.5M
Base estimate est.
$2.6M
Conservative case
$890.9M
Upside case
$14.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seed — a $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
40%
Survival probability
18% low · 62% high
1.64×/yr
Annual markup
2.15×/yr upside case
6.0 yr
Elapsed time used
8.9 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
—
Avg between rounds
—
Capital velocity
9.2 yr
On record since
2017
First round
1
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. 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)▼ 0.5× of median
This company$2.9M
Sector median$6.2M
Latest round — vs other Seed rounds in sector (real $, this stage)▲ 1.5× above median
This company$2.9M
Sector median$2.0M
Modeled value — vs sector median (estimate, all stages)▲ 2.5× above median
This company$113.5M
Sector median$45.4M

Raised more than 45% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #4 of 14.

This companyCohort peer
$10.0M$100.0M$1.0B$100K$1.0M$10.0MCapital raised (log)802 Secure, Inc. · Seed Raised $3.7M · modeled $144.0M (est)Secured Worldwide, LLC · Seed Raised $3.0M · modeled $116.1M (est)Sift Security, Inc. · Seed Raised $4.8M · modeled $116.1M (est)Revolutionary Security LLC · Seed Raised $2.5M · modeled $96.7M (est)SecurCapital Corp · Seed Raised $2.3M · modeled $87.1M (est)OnBoard Security, Inc. · Seed Raised $1.9M · modeled $72.1M (est)Cyber Physical Systems, Inc. · Seed Raised $5.7M · modeled $63.0M (est)CyberWire, Inc. · Seed Raised $1.4M · modeled $53.8M (est)Veracity Security Intelligence, Inc. · Seed Raised $4.2M · modeled $44.3M (est)Totem Building Cybersecurity, LLC · Seed Raised $1.0M · modeled $39.9M (est)Intertech Security Group, Llc · Seed Raised $3.4M · modeled $37.5M (est)Spring Rock Security Partners I-A LP (this company) Raised $2.9M · modeled $113.5M (est)Spring Rock Security Partners I-A LP
CompanyStageRaised · realValue · estvs peer med.
802 Secure, Inc.Seed$3.7M$144.0M2.13×
Secured Worldwide, LLCSeed$3.0M$116.1M1.72×
Sift Security, Inc.Seed$4.8M$116.1M1.72×
Spring Rock Security Partners I-A LP this companySeed$2.9M$113.5M1.68×
Revolutionary Security LLCSeed$2.5M$96.7M1.43×
SecurCapital CorpSeed$2.3M$87.1M1.29×
OnBoard Security, Inc.Seed$1.9M$72.1M1.07×
Cyber Physical Systems, Inc.Seed$5.7M$63.0M0.93×
CyberWire, Inc.Seed$1.4M$53.8M0.80×
Veracity Security Intelligence, Inc.Seed$4.2M$44.3M0.66×
Totem Building Cybersecurity, LLCSeed$1.0M$39.9M0.59×
Intertech Security Group, LlcSeed$3.4M$37.5M0.55×
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$2.9M2017-07-24$14.7M$113.5M90%
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$2.9M2017-07-24
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
Intelligence
—
Modeled next raise
$4.7M
Modeled next size est.range $3.1M–$7.5M
—
Last step-up
—
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.

Registry & provenance

Spring Rock Security Partners I-A LP 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
1713375
SEC CIK
2017
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
Avalon Cyber Corp.CybersecuritySeed$2.9M$14.1Msame sector · same stage
Cyberhill Partners Inc.CybersecuritySeed$3.0M$7.4Msame sector · same stage
CyberQuay Inc.CybersecuritySeed$3.0M$116.1Msame sector · same stage
Secured Worldwide, LLCCybersecuritySeed$3.0M$116.1Msame sector · same stage
SecureAire, Inc.CybersecuritySeed$3.0M$92.8Msame sector · same stage
Hook Security Inc.CybersecuritySeed$3.1M$30.2Msame sector · same stage
Oso Security Inc.CybersecuritySeed$2.7M$106.2Msame sector · same stage
Xeol, Inc.CybersecuritySeed$3.1M$22.9Msame 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
Spring Rock Manufacturing Partners I-A LpManufacturing / IndustrialSeed$3.9M82%
Cyberhill Partners Inc.CybersecuritySeed$7.4M79%
Secure Community (01-45) LLCCybersecuritySeries C$649.0M78%
Integrity Partners Cyber LlcCybersecuritySeries A$37.1M77%
Push Security, Inc.CybersecuritySeries B$187.1M77%
SecurityScorecard, Inc.CybersecuritySeries C$1.8B76%
Scout Security LtdCybersecuritySeed$7.0M76%
Tidal Cyber Inc.CybersecuritySeries B$82.5M76%
Frequently asked
How much funding has Spring Rock Security Partners I-A LP raised?
Spring Rock Security Partners I-A LP has raised approximately $2.9M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Spring Rock Security Partners I-A LP's estimated valuation?
Provath's modeled valuation for Spring Rock Security Partners I-A LP is approximately $113.5M (modeled range $2.6M–$890.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Spring Rock Security Partners I-A LP at?
Spring Rock Security Partners I-A LP's latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Jul 24.
What does Spring Rock Security Partners I-A LP do and where is it based?
Spring Rock Security Partners I-A LP operates in the Cybersecurity sector, based in WESTERN SPRINGS.
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