Diligence memo · auto-generated · as of July 2, 2026
Tern Software Inc
Tern Software Inc looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Tern Software Inc operates in Software / Tech, based in DOVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Tern Software Inc has raised $3.8M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $3.8M on 2023-03-02.
Most recent recorded round closed around 2023-03-02.
Valuation (modeled)modeled
Provath models Tern Software Inc at approximately $37M (range $3.4M–$140M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.23× the median modeled value of Seed Software / Tech companies in 2022–2024 (387 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 3.3 yr ago; this sector typically re-raises about every 13 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 47% of Software / Tech peers (3920 compared).
Modeled value ranks above 51% of those peers.
Closest niche peers: SkyBell Technologies, Inc., BuyerAssist.io, Inc., Adaptive Surface Technologies, Inc., Abstract Labs, Inc., Elixir Lab Usa Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.