Companies · Cybersecurity

Stellar Cyber Inc.

San Jose · Cybersecurity · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Stellar Cyber Inc. — recommendation, valuation, rhythm, risks.
$82.5M
Total raised · real
5
Rounds
1.6×
Latest step-up
Top 7%
Sector rank · raised
Series B
Latest stage · inferred · Thu Aug 10 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Stellar Cyber Inc. looks over-valued against its niche peers and is at-risk 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 1.55× the median modeled value of Series B Cybersecurity companies in 2022–2024 (13 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 15 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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 Cybersecurity

Stellar Cyber Inc. is one of 270 Cybersecurity companies tracked from San Jose. By capital raised it ranks among the largest (ahead of 94% 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
10
Investors (latest)
2023-08-10
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$250M$500M$750M$1.0BSeed · 2019-09-16 Raised $2.1M (real) Modeled valuation $81M (est)$2.1M$81MSeed2019Series A · 2020-07-17 Raised $7.8M (real) Modeled valuation $240M (est)$7.8M$240MSeries A2020Series A · 2020-11-25 Raised $1.5M (real) Modeled valuation $40M (est)$1.5M$40MSeries A2020Series B · 2021-11-05 Raised $37M (real) Modeled valuation $787M (est)$37M$787MSeries B2021Series B · 2023-08-10 Raised $20M (real) Modeled valuation $225M (est)$20M$225MSeries B2023Series B · 2023-08-10 Raised $34M (real) Modeled valuation $371M (est)$34M$371MSeries B2023+$7.8M+$1.5M+$37M+$20M+$34MCumulative $103M

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$2.1M · 2019
Series A$7.8M · 2020
Series A extension$1.5M · 2020
Series B$37.4M · 2021
Series B extension$20.5M · 2023
Series B extension$33.7M · 2023

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: 75%.

Modeled valuation trajectory
$370.6M
Base estimate est.
$84.4M
Conservative case
$786.6M
Upside case
$187.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Seed · modeled $81.3M · 2019-09-162019Series A · modeled $239.8M · 2020-07-17Series A · modeled $39.9M · 2020-11-25Series B · modeled $787.1M · 2021-11-05Series B · modeled $225.0M · 2023-08-10Series B · modeled $370.6M · 2023-08-102023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.45×/yr
Annual markup
1.75×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$21.2M/yr
Capital velocity
6.8 yr
On record since
2019
First round
6
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) 13× above median
This company$82.5M
Sector median$6.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.6× above median
This company$33.7M
Sector median$20.5M
Modeled value — vs sector median (estimate, all stages) 8.2× above median
This company$370.6M
Sector median$45.4M

Raised more than 94% of sector peers (real $). Modeled value above 89% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 13.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)CyberCube Analytics, Inc. · Series B Raised $85.6M · modeled $497.1M (est)Trinity Cyber, Inc. · Series B Raised $26.3M · modeled $386.8M (est)Nucleus Security, Inc. · Series B Raised $23.8M · modeled $373.2M (est)Permiso Security Inc. · Series B Raised $29.1M · modeled $270.1M (est)Phosphorus Cybersecurity Inc. · Series B Raised $27.0M · modeled $261.8M (est)Cyble Inc. · Series B Raised $21.5M · modeled $239.8M (est)Revelstoke Security, Inc. · Series B Raised $22.5M · modeled $225.6M (est)dope.security inc. · Series B Raised $19.6M · modeled $203.1M (est)Riot Security, Inc. · Series B Raised $37.3M · modeled $191.7M (est)CyberSaint, Inc. · Series B Raised $27.7M · modeled $191.4M (est)SOCRadar Cyber Intelligence Inc. · Series B Raised $27.1M · modeled $188.8M (est)Stellar Cyber Inc. (this company) Raised $82.5M · modeled $370.6M (est)Stellar Cyber Inc.
CompanyStageRaised · realValue · estvs peer med.
CyberCube Analytics, Inc.Series B$85.6M$497.1M2.07×
Trinity Cyber, Inc.Series B$26.3M$386.8M1.61×
Nucleus Security, Inc.Series B$23.8M$373.2M1.56×
Stellar Cyber Inc. this companySeries B$82.5M$370.6M1.55×
Permiso Security Inc.Series B$29.1M$270.1M1.13×
Phosphorus Cybersecurity Inc.Series B$27.0M$261.8M1.09×
Cyble Inc.Series B$21.5M$239.8M1.00×
Revelstoke Security, Inc.Series B$22.5M$225.6M0.94×
dope.security inc.Series B$19.6M$203.1M0.85×
Riot Security, Inc.Series B$37.3M$191.7M0.80×
CyberSaint, Inc.Series B$27.7M$191.4M0.80×
SOCRadar Cyber Intelligence Inc.Series B$27.1M$188.8M0.79×
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$2.1M2019-09-16$10.5M$81.3M90%
Series A$7.8M2020-07-17$35.3M$239.8M90%
Series A$1.5M2020-11-25$6.8M$39.9M90%
Series B$37.4M2021-11-05$207.9M$787.1M90%
Series B$20.5M2023-08-10$113.9M$225.0M90%
Series B$33.7M2023-08-10$187.5M$370.6M90%
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$2.1M2019-09-16
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series A$7.8M2020-07-17
    • Raised 10 mo later, in step with the ~15 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 5 investors on this round.
  3. Series A$1.5M2020-11-25
    • Came back fast: 4 mo vs the ~15 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$37.4M2021-11-05
    • Raised 11 mo later, in step with the ~15 mo sector norm.
    • Round 25.0× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Series B$20.5M2023-08-10
    • Raised 21 mo later, in step with the ~15 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  6. Series B$33.7M2023-08-10
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× larger than the prior — scaling up.
    • 10 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~9mo cadence
$55.6M
Modeled next size est.range $36.1M$88.9M
1.6×
Last step-up
$21.2M/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
Frank Marshall7 other2019-09
Steve O'Hara5 other2019-09
Corey Mulloy4 other2021-11
FENG DENG3 other2019-09
Changming Liu2 other2019-09
Raymond Choi2 other2020-07
YE LI2 other2020-07
Aimei Wei2019-09
Registry & provenance

Stellar Cyber 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
1789252
SEC CIK
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
Aerohive Networks, IncOther TechnologySeries B$79.0M$304.6Mnetwork3 shared operators · same stage
CyberGRX, Inc.CybersecuritySeries B$85.0M$1.4Bsame sector · same stage
CyberCube Analytics, Inc.CybersecuritySeries B$85.6M$497.1Msame sector · same stage
Security First Corp.CybersecuritySeries B$74.8M$95.1Msame sector · same stage
Xage Security, Inc.CybersecuritySeries B$72.0M$69.2Msame sector · same stage
Vera Security, Inc.CybersecuritySeries B$69.7M$479.9Msame sector · same stage
Threat Stack, Inc.CybersecuritySeries B$59.8M$1.1Bsame sector · same stage
Push Security, Inc.CybersecuritySeries B$49.4M$186.9Msame 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
Stellar Technology Services, Inc.Software / TechSeed$8.9M88%
Cyber Physical Systems, Inc.CybersecuritySeed$63.0M87%
Vali Cyber, Inc.CybersecuritySeries A$16.5M84%
CyberConIQ, Inc.CybersecuritySeries A$47.7M84%
Cyberspatial Inc.CybersecuritySeed$6.6M84%
Cyber Reliant Corp.CybersecuritySeries A$32.7M84%
Cybernetex Corp.CybersecurityPre-Seed$15.8M83%
SOCRadar Cyber Intelligence Inc.CybersecuritySeries B$188.8M83%
Frequently asked
How much funding has Stellar Cyber Inc. raised?
Stellar Cyber Inc. has raised approximately $82.5M in disclosed capital across 5 recorded financing rounds, aggregated from public filings.
What is Stellar Cyber Inc.'s estimated valuation?
Provath's modeled valuation for Stellar Cyber Inc. is approximately $370.6M (modeled range $84.4M–$786.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Stellar Cyber Inc. at?
Stellar Cyber Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Aug 10.
What does Stellar Cyber Inc. do and where is it based?
Stellar Cyber Inc. operates in the Cybersecurity sector, based in San Jose.
Explore related

See where Stellar Cyber Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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