Diligence memo · auto-generated · as of July 2, 2026
Tank Utility, Inc.
Tank Utility, Inc. has raised $8.0M over 5 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Tank Utility, Inc. operates in Energy, based in BOSTON.
Sub-sector tags: energy.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tank Utility, Inc. has raised $8.0M in disclosed capital across 5 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $4.9M on 2018-12-21.
Most recent recorded round closed around 2019-12-18.
Valuation (modeled)modeled
Provath models Tank Utility, Inc. at approximately $9.8M (range $1.2M–$53M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 6.5 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 5.2× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 78% of Energy peers (69 compared).
Modeled value ranks above 71% of those peers.
Closest niche peers: Wireless Electrical Grid LAN, WiGL Inc., Arnergy.
Peoplefiled
6 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.