Companies · Other

Subaru Research & Development, Inc.

ANN ARBOR · Other

Diligence memoA one-page analyst read on Subaru Research & Development, Inc. — recommendation, valuation, rhythm, risks.
$32.8M
Total raised · real
2
Rounds
2.1×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Thu Jun 20 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Subaru Research & Development, Inc. looks fair 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.

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

Fair
  • Modeled value is 1.24× the median modeled value of Series B Other companies in 2019–2021 (371 peers) — value vs value, same stage and era.
  • Within the normal band (124% of peer median) for its niche.
Dormant
  • Last raise 7.0 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal 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 Other

Subaru Research & Development, Inc. is one of 25015 Other companies tracked from ANN ARBOR. By capital raised it ranks among the largest (ahead of 90% of sector peers), and among the largest 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)
2019-06-20
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$125M$250M$375M$500MSeries A · 2018-08-11 Raised $10M (real) Modeled valuation $159M (est)$10M$159MSeries A2018Series B · 2019-06-20 Raised $22M (real) Modeled valuation $370M (est)$22M$370MSeries B2019+$22MCumulative $33M

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
Series A$10.5M · 2018
Series B$22.3M · 2019

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, 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
$370.2M
Base estimate est.
$55.7M
Conservative case
$1.4B
Upside case
$123.8M
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. Directional, not a quoted figure.

Series A · modeled $158.9M · 2018-08-112018Series B · modeled $370.2M · 2019-06-202019
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.28×/yr
Annual markup
1.55×/yr upside case
6.0 yr
Elapsed time used
7.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$38.3M/yr
Capital velocity
7.9 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25015 companies in Other. 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) 16× above median
This company$32.8M
Sector median$2.0M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.1× above median
This company$22.3M
Sector median$19.6M
Modeled value — vs sector median (estimate, all stages) 21× above median
This company$370.2M
Sector median$17.7M

Raised more than 90% of sector peers (real $). Modeled value above 93% 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 #105 of 371.

This companyCohort peer
$100.0M$1.0B$10.0M$100.0MCapital raised (log)MStar Holding Corp · Series B Raised $67.6M · modeled $645.8M (est)Chlorum Solutions Llc · Series B Raised $39.7M · modeled $627.2M (est)IFS Management Holdco, LLC · Series B Raised $37.5M · modeled $623.8M (est)Benefit Recovery Group, LLC · Series B Raised $40.0M · modeled $618.4M (est)Shenandoah Growers, Inc. · Series B Raised $74.2M · modeled $613.4M (est)Zmco Llc · Series B Raised $40.0M · modeled $610.5M (est)PathStream, Inc. · Series B Raised $38.8M · modeled $602.3M (est)MXY Holdings, LLC · Series B Raised $49.9M · modeled $597.0M (est)Ryzac, Inc. · Series B Raised $42.5M · modeled $594.3M (est)Plouton Datacenter I, Inc. · Series B Raised $35.3M · modeled $586.5M (est)Es Ei Llc · Series B Raised $35.3M · modeled $585.7M (est)Factor Law, Inc. · Series B Raised $36.3M · modeled $570.3M (est)Subaru Research & Development, Inc. (this company) Raised $32.8M · modeled $370.2M (est)Subaru Research & Development, Inc.
CompanyStageRaised · realValue · estvs peer med.
MStar Holding CorpSeries B$67.6M$645.8M2.16×
Chlorum Solutions LlcSeries B$39.7M$627.2M2.10×
IFS Management Holdco, LLCSeries B$37.5M$623.8M2.09×
Benefit Recovery Group, LLCSeries B$40.0M$618.4M2.07×
Shenandoah Growers, Inc.Series B$74.2M$613.4M2.05×
Zmco LlcSeries B$40.0M$610.5M2.04×
PathStream, Inc.Series B$38.8M$602.3M2.01×
MXY Holdings, LLCSeries B$49.9M$597.0M2.00×
Ryzac, Inc.Series B$42.5M$594.3M1.99×
Plouton Datacenter I, Inc.Series B$35.3M$586.5M1.96×
Es Ei LlcSeries B$35.3M$585.7M1.96×
Factor Law, Inc.Series B$36.3M$570.3M1.91×
Subaru Research & Development, Inc. this companySeries B$32.8M$370.2M1.24×
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.
Series A$10.5M2018-08-11$47.7M$158.9M90%
Series B$22.3M2019-06-20$123.8M$370.2M90%
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. Series A$10.5M2018-08-11
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series B$22.3M2019-06-20
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • 1 investor on this round.
Intelligence
2020 ~Q2
Modeled next raise · ~10mo cadence
$47.3M
Modeled next size est.range $30.7M$75.7M
2.1×
Last step-up
$38.3M/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
Kiminaga Shirakawa2018-08
Osamu Eriguchi2018-08
Tetsuo Onuki2018-08
Registry & provenance

Subaru Research & Development, 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
1746169
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
Origami Logic Inc.OtherSeries B$33.0M$415.4Msame sector · same stage
Ay Dee Kay, LLCOtherSeries B$32.5M$365.5Msame sector · same stage
Holberton, Inc.OtherSeries B$33.1M$332.2Msame sector · same stage
Field Nation Holdings, LLCOtherSeries B$32.3M$372.1Msame sector · same stage
ZPower, Inc.OtherSeries B$31.9M$413.3Msame sector · same stage
Aviacode Inc.OtherSeries B$33.8M$354.4Msame sector · same stage
El Silencio Holdings, Inc.OtherSeries B$34.2M$332.3Msame sector · same stage
Revere Parent, Inc.OtherSeries B$34.3M$361.7Msame 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
Frontier Car Group, Inc.OtherSeries D+$2.9B79%
Insight Engines, Inc.OtherSeries A$111.1M78%
Subverse CorpOther TechnologySeed$47.7M78%
CarSnoop IncOtherSeed$21.4M78%
Saleen Automotive, Inc.OtherSeries A$38.0M78%
Rhodium Enterprises, Inc.OtherSeries C$131.8M78%
New England Wheels, Inc.OtherPre-Seed$5.8M77%
Forza National, Inc.Other TechnologyPre-Seed$4.5M77%
Frequently asked
How much funding has Subaru Research & Development, Inc. raised?
Subaru Research & Development, Inc. has raised approximately $32.8M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Subaru Research & Development, Inc.'s estimated valuation?
Provath's modeled valuation for Subaru Research & Development, Inc. is approximately $370.2M (modeled range $55.7M–$1.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Subaru Research & Development, Inc. at?
Subaru Research & Development, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Thu Jun 20.
What does Subaru Research & Development, Inc. do and where is it based?
Subaru Research & Development, Inc. operates in the Other sector, based in ANN ARBOR.
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