Diligence memo · auto-generated · as of July 3, 2026
Tenon Medical, Inc.
Tenon Medical, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Tenon Medical, Inc. operates in Healthtech, based in LOS GATOS.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tenon Medical, Inc. has raised $32M in disclosed capital across 10 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $12M on 2021-05-17.
Most recent recorded round closed around 2026-03-11.
Valuation (modeled)modeled
Provath models Tenon Medical, Inc. at approximately $11M (range $5.5M–$17M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.59× the median modeled value of Series A Healthtech companies in 2025–2027 (99 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 4 mo ago; this sector typically re-raises about every 14 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 1.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 86% of Healthtech peers (2138 compared).
Modeled value ranks above 35% of those peers.
Closest niche peers: Queen Dental USA Inc, Healthplan Data Solutions, Inc., Chronic Care Management, Inc., Mountain Health Technologies, Inc., Modular Medical, Inc..
Peoplefiled
24 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.