Diligence memo · auto-generated · as of July 2, 2026
Tap Systems Inc.
Tap Systems Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Tap Systems Inc. operates in Software / Tech, based in Pasadena.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tap Systems Inc. has raised $6.5M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.9M on 2016-04-28.
Most recent recorded round closed around 2025-08-20.
Valuation (modeled)modeled
Provath models Tap Systems Inc. at approximately $666K (range $198K–$1.3M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.11× the median modeled value of Seed Software / Tech companies in 2025–2027 (149 peers) — value vs value, same stage and era. Issuer reports $0–$1M revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 11 months.
Last raise 10 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 2.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 59% of Software / Tech peers (3920 compared).
Modeled value ranks above 4% of those peers.
Closest niche peers: Incentify Technologies, Inc., Atbash Labs, Inc., Columnar Technologies Inc., Nomyx Technology Labs Inc., Beacon Technology Solutions Inc..
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.