Companies · Cybersecurity

Tall Poppy Security Inc.

SAN FRANCISCO · Cybersecurity · refined from filed group “Other

Diligence memoA one-page analyst read on Tall Poppy Security Inc. — recommendation, valuation, rhythm, risks.
$930K
Total raised · real
3
Rounds
0.5×
Latest step-up
Top 69%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Sep 05 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Tall Poppy Security Inc. looks fair 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.

Fair
  • Modeled value is 1.24× the median modeled value of Pre-Seed Cybersecurity companies in 2022–2024 (13 peers) — value vs value, same stage and era.
  • Within the normal band (124% of peer median) for its niche.
At-risk
  • Last raise 2.8 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

Tall Poppy Security Inc. is one of 270 Cybersecurity companies tracked from SAN FRANCISCO. By capital raised it ranks in the long tail (ahead of 32% 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
1
Investors (latest)
2018
Year incorporated
2023-09-05
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$13M$25M$38M$50MPre-Seed · 2018-08-16 Raised $175K (real) Modeled valuation $8.4M (est)$175K$8.4MPre-Seed2018Pre-Seed · 2020-06-19 Raised $505K (real) Modeled valuation $24M (est)$505K$24MPre-Seed2020Pre-Seed · 2023-09-05 Raised $250K (real) Modeled valuation $2.0M (est)$250K$2.0MPre-Seed2023+$505K+$250KCumulative $930K

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$175K · 2018
Pre-Seed extension$505K · 2020
Pre-Seed extension$250K · 2023

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

Modeled valuation trajectory
$2.0M
Base estimate est.
$167K
Conservative case
$8.8M
Upside case
$1.4M
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 cybersecurity sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $8.4M · 2018-08-162018Pre-Seed · modeled $24.3M · 2020-06-19Pre-Seed · modeled $2.0M · 2023-09-052023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.75×/yr
Annual markup
2.37×/yr upside case
2.8 yr
Elapsed time used
2.8 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
30 mo
Avg between rounds
$184K/yr
Capital velocity
7.9 yr
On record since
2018
First round
3
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) 0.1× of median
This company$930K
Sector median$6.2M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.6× of median
This company$250K
Sector median$400K
Modeled value — vs sector median (estimate, all stages) 0.0× of median
This company$2.0M
Sector median$45.4M

Raised more than 32% of sector peers (real $). Modeled value above 24% 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 #6 of 13.

This companyCohort peer
$100K$1.0M$10.0M$10K$100K$1.0M$10.0MCapital raised (log)Secur LLC · Pre-Seed Raised $400K · modeled $7.5M (est)CyberPrime, Inc. · Pre-Seed Raised $300K · modeled $6.0M (est)Gaingels Secureframe LLC · Pre-Seed Raised $212K · modeled $4.3M (est)Tego Cyber, Inc. · Pre-Seed Raised $744K · modeled $2.8M (est)Securetech Innovations, Inc. · Pre-Seed Raised $3.6M · modeled $2.6M (est)Corgea, Inc. · Pre-Seed Raised $175K · modeled $1.6M (est)Cybermanor, Inc. · Pre-Seed Raised $250K · modeled $1.6M (est)Aktoh Cyber LLC · Pre-Seed Raised $250K · modeled $1.4M (est)Cyber Crucible, Inc. · Pre-Seed Raised $133K · modeled $1.1M (est)Gaingels Jericho Security LLC · Pre-Seed Raised $113K · modeled $892K (est)Animate Cyber, Inc. · Pre-Seed Raised $100K · modeled $808K (est)Tall Poppy Security Inc. (this company) Raised $930K · modeled $2.0M (est)Tall Poppy Security Inc.
CompanyStageRaised · realValue · estvs peer med.
Secur LLCPre-Seed$400K$7.5M4.63×
CyberPrime, Inc.Pre-Seed$300K$6.0M3.70×
Gaingels Secureframe LLCPre-Seed$212K$4.3M2.62×
Tego Cyber, Inc.Pre-Seed$744K$2.8M1.70×
Securetech Innovations, Inc.Pre-Seed$3.6M$2.6M1.61×
Tall Poppy Security Inc. this companyPre-Seed$930K$2.0M1.24×
Corgea, Inc.Pre-Seed$175K$1.6M1.00×
Cybermanor, Inc.Pre-Seed$250K$1.6M0.95×
Aktoh Cyber LLCPre-Seed$250K$1.4M0.85×
Cyber Crucible, Inc.Pre-Seed$133K$1.1M0.69×
Gaingels Jericho Security LLCPre-Seed$113K$892K0.55×
Animate Cyber, Inc.Pre-Seed$100K$808K0.50×
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$175K2018-08-16$972K$8.4M90%
Pre-Seed$505K2020-06-19$2.8M$24.3M90%
Pre-Seed$250K2023-09-05$1.4M$2.0M90%
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$175K2018-08-16
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$505K2020-06-19
    • Raised 22 mo later, in step with the ~15 mo sector norm.
    • Round 2.9× larger than the prior — scaling up.
    • 7 investors on this round.
  3. Pre-Seed$250K2023-09-05
    • Raised again after 39 mo — slower than the ~15 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2026 ~Q1
Modeled next raise · ~30mo cadence
$250K
Modeled next size est.range $250K$400K
0.5×
Last step-up
$184K/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
Erica Kwan2023-09
Leigh Honeywell2018-08
L G Dean2018-08
Liz Fong-Jones2023-09
Registry & provenance

Tall Poppy Security 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
1750759
SEC CIK
2018
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
Benchmark Secured Storage Of Hartland, LlcCybersecurityPre-Seed$1.0M$48.1Msame sector · same stage
Clarity Security CorpCybersecurityPre-Seed$1.0M$44.6Msame sector · same stage
Secure Channels Inc.CybersecurityPre-Seed$1.0M$48.1Msame sector · same stage
Sunny Valley Cyber Security Inc.CybersecurityPre-Seed$850K$10.9Msame sector · same stage
Plurilock Security Inc.CybersecurityPre-Seed$766K$602Ksame sector · same stage
Triple Threat LLCCybersecurityPre-Seed$750K$36.1Msame sector · same stage
Tego Cyber, Inc.CybersecurityPre-Seed$744K$2.8Msame sector · same stage
Securus Data Centers LLCCybersecurityPre-Seed$724K$34.8Msame 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
Tall Poppy
Protecting your employees against online harassment
85%
Hill Top Security Inc.CybersecurityPre-Seed$8.3M74%
UpSight Security Inc.CybersecuritySeed$4.0M74%
Cyber Pop-Up Inc.CybersecuritySeed$42.6M73%
Hot Poppy, LLCOther TechnologyPre-Seed$3.0M72%
Uplevel Security, Inc.CybersecuritySeries A$167.7M72%
Threat X, Inc.CybersecuritySeries A$214.0M72%
Your Poppy, Inc.Other TechnologySeed$5.6M71%
Frequently asked
How much funding has Tall Poppy Security Inc. raised?
Tall Poppy Security Inc. has raised approximately $930K in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Tall Poppy Security Inc.'s estimated valuation?
Provath's modeled valuation for Tall Poppy Security Inc. is approximately $2.0M (modeled range $167K–$8.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tall Poppy Security Inc. at?
Tall Poppy Security Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Sep 05.
What does Tall Poppy Security Inc. do and where is it based?
Tall Poppy Security Inc. operates in the Cybersecurity sector, based in SAN FRANCISCO.
Explore related

See where Tall Poppy Security 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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