Diligence memo · auto-generated · as of July 2, 2026
Submitnet, Inc.
Submitnet, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Submitnet, Inc. operates in Computers, based in PORTLAND.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Submitnet, Inc. has raised $1.5M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.5M on 2010-04-19.
Most recent recorded round closed around 2010-04-19.
Valuation (modeled)modeled
Provath models Submitnet, Inc. at approximately $61M (range $1.4M–$482M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.96× the median modeled value of Seed Computers companies in 2010–2012 (82 peers) — value vs value, same stage and era. Within the normal band (96% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 16.2 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 47% of Computers peers (1370 compared).
Modeled value ranks above 65% of those peers.
Closest niche peers: Netsol Technologies Inc, Mykonos Software Inc, VM6 Software, Inc., dynaTrace software, Inc., Optaros Inc.
Peoplefiled
3 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.