Companies · Software / Tech

State Technologies, Inc.

SAN FRANCISCO · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on State Technologies, Inc. — recommendation, valuation, rhythm, risks.
$410K
Total raised · real
2
Rounds
0.4×
Latest step-up
Top 87%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon Aug 19 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

State Technologies, Inc. looks under-valued against its niche peers and is quiet 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.

Under-valued
  • Modeled value is 0.16× the median modeled value of Pre-Seed Software / Tech companies in 2022–2024 (288 peers) — value vs value, same stage and era.
Quiet
  • Last raise 22 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector cadence.
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

State Technologies, Inc. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. By capital raised it ranks in the long tail (ahead of 14% of sector peers), and in the long tail 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
2
Investors (latest)
2022
Year incorporated
2024-08-19
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2022-06-12 Raised $300K (real) Modeled valuation $4.4M (est)$300K$4.4MPre-Seed2022Pre-Seed · 2024-08-19 Raised $110K (real) Modeled valuation $494K (est)$110K$494KPre-Seed2024+$110KCumulative $410K

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
Pre-Seed$300K · 2022
Pre-Seed extension$110K · 2024

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$494K
Base estimate est.
$72K
Conservative case
$1.6M
Upside case
$611K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $4.4M · 2022-06-122022Pre-Seed · modeled $494K · 2024-08-192024
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
29%
Survival probability
12% low · 54% high
1.72×/yr
Annual markup
2.33×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
26 mo
Avg between rounds
$187K/yr
Capital velocity
4.1 yr
On record since
2022
First round
2
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) 0.1× of median
This company$410K
Sector median$4.6M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$110K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$494K
Sector median$36.6M

Raised more than 14% of sector peers (real $). Modeled value above 3% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-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 #285 of 288.

This companyCohort peer
$100K$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Nivelo Tech Inc. · Pre-Seed Raised $1.0M · modeled $17.5M (est)Iris Technology, Inc. · Pre-Seed Raised $1.0M · modeled $16.9M (est)Enki Labs, Inc. · Pre-Seed Raised $1.5M · modeled $14.4M (est)Basketball Training Systems, Inc. · Pre-Seed Raised $900K · modeled $14.4M (est)Digital Fabrication Workshop, Inc. · Pre-Seed Raised $1.0M · modeled $14.1M (est)PureCode Software, Inc. · Pre-Seed Raised $1000K · modeled $13.2M (est)PWA Labs, Inc. · Pre-Seed Raised $945K · modeled $12.7M (est)Departure Labs Inc · Pre-Seed Raised $675K · modeled $12.6M (est)Assistiv Labs, Inc. · Pre-Seed Raised $855K · modeled $12.6M (est)Amprius Technologies, Inc. · Pre-Seed Raised $1.0M · modeled $12.6M (est)Klutch Technologies Inc. · Pre-Seed Raised $840K · modeled $12.3M (est)Taco Labs Inc. · Pre-Seed Raised $752K · modeled $12.2M (est)State Technologies, Inc. (this company) Raised $410K · modeled $494K (est)State Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Nivelo Tech Inc.Pre-Seed$1.0M$17.5M5.69×
Iris Technology, Inc.Pre-Seed$1.0M$16.9M5.49×
Enki Labs, Inc.Pre-Seed$1.5M$14.4M4.67×
Basketball Training Systems, Inc.Pre-Seed$900K$14.4M4.67×
Digital Fabrication Workshop, Inc.Pre-Seed$1.0M$14.1M4.57×
PureCode Software, Inc.Pre-Seed$1000K$13.2M4.29×
PWA Labs, Inc.Pre-Seed$945K$12.7M4.12×
Departure Labs IncPre-Seed$675K$12.6M4.10×
Assistiv Labs, Inc.Pre-Seed$855K$12.6M4.10×
Amprius Technologies, Inc.Pre-Seed$1.0M$12.6M4.08×
Klutch Technologies Inc.Pre-Seed$840K$12.3M4.00×
Taco Labs Inc.Pre-Seed$752K$12.2M3.97×
State Technologies, Inc. this companyPre-Seed$410K$494K0.16×
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.
Pre-Seed$300K2022-06-12$1.7M$4.4M90%
Pre-Seed$110K2024-08-19$611K$494K90%
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. Pre-Seed$300K2022-06-12
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$110K2024-08-19
    • Raised again after 26 mo — slower than the ~13 mo sector norm.
    • Round 2.7× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~26mo cadence
$110K
Modeled next size est.range $110K$176K
0.4×
Last step-up
$187K/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
Erich James Rusch2022-06
Jason Robert Manners2022-06
Registry & provenance

State 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
1937952
SEC CIK
2022
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
Dirac Labs Inc.Software / TechPre-Seed$410K$1.2Msame sector · same stage
OneCourt Technologies, Inc.Software / TechPre-Seed$415K$2.2Msame sector · same stage
ShuntAware Technologies, Inc.Software / TechPre-Seed$405K$2.4Msame sector · same stage
Krown Technologies LLCSoftware / TechPre-Seed$400K$1.0Msame sector · same stage
Plato Technologies IncSoftware / TechPre-Seed$400K$652Ksame sector · same stage
ScoutSpace Technologies, Inc.Software / TechPre-Seed$400K$1.4Msame sector · same stage
Transmission Technologies LLCSoftware / TechPre-Seed$400K$1.3Msame sector · same stage
Nvh Technology LlcSoftware / TechPre-Seed$400K$1.6Msame 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
Initial State Technologies, Inc.Software / TechSeed$68.1M93%
Fourth State Technologies Inc.Software / TechPre-Seed$321K91%
State Space Labs, Inc.Software / TechSeries C$120.2M87%
Main Technologies, IncSoftware / TechSeed$10.5M87%
Usa Technologies IncSoftware / TechSeries B$603.3M87%
Official Technologies, Inc.Software / TechSeed$7.7M87%
Keep Technologies Inc.Software / TechSeries A$89.5M86%
System Inc.Software / TechSeries A$246.8M86%
Frequently asked
How much funding has State Technologies, Inc. raised?
State Technologies, Inc. has raised approximately $410K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is State Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for State Technologies, Inc. is approximately $494K (modeled range $72K–$1.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is State Technologies, Inc. at?
State Technologies, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon Aug 19.
What does State Technologies, Inc. do and where is it based?
State Technologies, Inc. operates in the Software / Tech sector, based in SAN FRANCISCO.
Explore related

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