Diligence memo · auto-generated · as of July 2, 2026
Tear Film Innovations, Inc.
Tear Film Innovations, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Tear Film Innovations, Inc. operates in Media & Content, based in CARLSBAD.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tear Film Innovations, Inc. has raised $18M 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: $9.2M on 2016-12-29.
Most recent recorded round closed around 2018-04-12.
Valuation (modeled)modeled
Provath models Tear Film Innovations, Inc. at approximately $116M (range $10M–$629M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.12× the median modeled value of Series A Media & Content companies in 2016–2018 (32 peers) — value vs value, same stage and era. Within the normal band (112% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 8.2 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.1× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 89% of Media & Content peers (1052 compared).
Modeled value ranks above 90% of those peers.
Closest niche peers: Vertigo Media, Inc., Theory Entertainment LLC, Magna Entertainment Partners, L.P., Korea Content Platform, LLC, EX Studios, LLC.
Peoplefiled
8 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.