Diligence memo · auto-generated · as of July 2, 2026
Tantalus Systems Corp.
Tantalus Systems Corp. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Tantalus Systems Corp. operates in Telecommunications, based in BURNABY.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tantalus Systems Corp. has raised $19M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $13M on 2009-12-21.
Most recent recorded round closed around 2016-12-01.
Valuation (modeled)modeled
Provath models Tantalus Systems Corp. at approximately $89M (range $6.7M–$486M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.01× the median modeled value of Series A Telecommunications companies in 2016–2018 (20 peers) — value vs value, same stage and era. Within the normal band (101% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 83 months.
Last raise 9.6 yr ago; this sector typically re-raises about every 10 months.
Silent for over 3× the sector's normal cadence.
The last round was 2.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 77% of Telecommunications peers (929 compared).
Modeled value ranks above 71% of those peers.
Closest niche peers: Akyumen Technologies Corp, Collision Communications, Inc., theSkimm, Inc., Deep Fiber Solutions, Inc., NewEdge Signal Solutions Inc..
Peoplefiled
13 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.