Companies · Other Technology

Tangram Flex, Inc.

DAYTON · Other Technology

Diligence memoA one-page analyst read on Tangram Flex, Inc. — recommendation, valuation, rhythm, risks.
$6.5M
Total raised · real
2
Rounds
0.4×
Latest step-up
Top 37%
Sector rank · raised
Series A
Latest stage · inferred · Fri Aug 11 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Tangram Flex, Inc. looks under-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 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 0.31× the median modeled value of Series A Other Technology companies in 2022–2024 (1325 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.9 yr ago; this sector typically re-raises about every 13 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 Other Technology

Tangram Flex, Inc. is one of 21302 Other Technology companies tracked from DAYTON. By capital raised it ranks mid-pack (ahead of 64% 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)
2023-08-11
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$50M$100M$150M$200MSeries A · 2018-12-17 Raised $4.5M (real) Modeled valuation $125M (est)$4.5M$125MSeries A2018Series A · 2023-08-11 Raised $2.0M (real) Modeled valuation $16M (est)$2.0M$16MSeries A2023+$2.0MCumulative $6.5M

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$4.5M · 2018
Series A extension$2.0M · 2023

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: 33%.

Modeled valuation trajectory
$15.8M
Base estimate est.
$2.7M
Conservative case
$41.9M
Upside case
$9.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $124.8M · 2018-12-172018Series A · modeled $15.8M · 2023-08-112023
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
56 mo
Avg between rounds
$1.4M/yr
Capital velocity
7.5 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 2.0× above median
This company$6.5M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.3× of median
This company$2.0M
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.4× of median
This company$15.8M
Sector median$37.3M

Raised more than 64% of sector peers (real $). Modeled value above 32% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #1147 of 1,325.

This companyCohort peer
$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Phylum, Inc. · Series A Raised $15.0M · modeled $222.5M (est)Keon Foundation Ltd. · Series A Raised $15.0M · modeled $212.1M (est)Remoteam Inc. · Series A Raised $14.3M · modeled $209.7M (est)MultiSafe, Inc. · Series A Raised $17.3M · modeled $208.8M (est)Careerian Inc. · Series A Raised $20.3M · modeled $204.1M (est)Continu Inc. · Series A Raised $13.5M · modeled $202.7M (est)Devron Corp · Series A Raised $16.8M · modeled $201.7M (est)RISC Zero, Inc. · Series A Raised $14.4M · modeled $199.8M (est)Pentagon Port LLC · Series A Raised $15.0M · modeled $198.9M (est)Amnic Inc. · Series A Raised $14.0M · modeled $198.4M (est)Intensivate Inc · Series A Raised $14.7M · modeled $190.5M (est)Ws Holdco, Pbc · Series A Raised $14.8M · modeled $188.4M (est)Tangram Flex, Inc. (this company) Raised $6.5M · modeled $15.8M (est)Tangram Flex, Inc.
CompanyStageRaised · realValue · estvs peer med.
Phylum, Inc.Series A$15.0M$222.5M4.42×
Keon Foundation Ltd.Series A$15.0M$212.1M4.22×
Remoteam Inc.Series A$14.3M$209.7M4.17×
MultiSafe, Inc.Series A$17.3M$208.8M4.15×
Careerian Inc.Series A$20.3M$204.1M4.06×
Continu Inc.Series A$13.5M$202.7M4.03×
Devron CorpSeries A$16.8M$201.7M4.01×
RISC Zero, Inc.Series A$14.4M$199.8M3.97×
Pentagon Port LLCSeries A$15.0M$198.9M3.96×
Amnic Inc.Series A$14.0M$198.4M3.95×
Intensivate IncSeries A$14.7M$190.5M3.79×
Ws Holdco, PbcSeries A$14.8M$188.4M3.75×
Tangram Flex, Inc. this companySeries A$6.5M$15.8M0.31×
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$4.5M2018-12-17$20.5M$124.8M90%
Series A$2.0M2023-08-11$9.1M$15.8M90%
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$4.5M2018-12-17
    • First recorded raise — entered as Series A.
    • 1 investor on this round.
  2. Series A$2.0M2023-08-11
    • Raised again after 56 mo — slower than the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
Intelligence
2028 ~Q2
Modeled next raise · ~56mo cadence
$2.0M
Modeled next size est.range $2.0M$3.2M
0.4×
Last step-up
$1.4M/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
Robert Wiltbank2 other2018-12
Caitlin Dohrman2023-08
John Launchbury2018-12
Peter LaMontagne2023-08
Ricky Peters2018-12
Sterling Phillips2018-12
Timothy Booher2018-12
Registry & provenance

Tangram Flex, 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
1762719
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
Niobium Microsystems, Inc.Other TechnologySeries A$17.3M$53.7Mnetwork1 shared operator · same sector · same stage
Altruik, Inc.Other TechnologySeries A$6.5M$16.6Msame sector · same stage
EyeVerify Inc.Other TechnologySeries A$6.3M$15.4Msame sector · same stage
Transformativemed Inc.Other TechnologySeries A$6.2M$16.1Msame sector · same stage
b.A.S. Media GroupOther TechnologySeries A$6.1M$15.0Msame sector · same stage
Birdstop, Inc.Other TechnologySeries A$6.9M$16.3Msame sector · same stage
Cura OS, Inc.Other TechnologySeries A$5.8M$16.5Msame sector · same stage
Resilio, Inc.Other TechnologySeries A$5.6M$16.6Msame 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
Tangram Solutions LLCOther TechnologyPre-Seed$8.5M92%
FLEXE, Inc.Other TechnologySeries C$1.3B88%
Flexx Inc.Other TechnologySeries A$22.8M87%
Flexx, Inc.Other TechnologyPre-Seed$30.1M87%
Flexio Holdings LtdOther TechnologySeed$53.5M87%
Flexterra, Inc.Other TechnologySeries B$90.1M87%
FlexCorp IncOther TechnologySeries B$125.7M86%
FlexTraPower, Inc.Other TechnologyPre-Seed$33.9M86%
Frequently asked
How much funding has Tangram Flex, Inc. raised?
Tangram Flex, Inc. has raised approximately $6.5M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Tangram Flex, Inc.'s estimated valuation?
Provath's modeled valuation for Tangram Flex, Inc. is approximately $15.8M (modeled range $2.7M–$41.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Tangram Flex, Inc. at?
Tangram Flex, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Fri Aug 11.
What does Tangram Flex, Inc. do and where is it based?
Tangram Flex, Inc. operates in the Other Technology sector, based in DAYTON.
Explore related

See where Tangram Flex, 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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