Companies · Software / Tech

Themis-Tech Inc.

CARLSBAD · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Themis-Tech Inc. — recommendation, valuation, rhythm, risks.
$12.8M
Total raised · real
4
Rounds
0.5×
Latest step-up
Top 29%
Sector rank · raised
Series A
Latest stage · inferred · Thu Jun 10 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Themis-Tech Inc. looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the technology sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.52× the median modeled value of Series A Software / Tech companies in 2019–2021 (278 peers) — value vs value, same stage and era.
Dormant
  • Last raise 5.1 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Software / Tech

Themis-Tech Inc. is one of 3920 Software / Tech companies tracked from CARLSBAD. By capital raised it ranks in the upper tier (ahead of 72% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
9
Investors (latest)
2019
Year incorporated
2021-06-10
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeed · 2019-09-09 Raised $1.1M (real) Modeled valuation $38M (est)$1.1M$38MSeed2019Seed · 2020-06-06 Raised $1.1M (real) Modeled valuation $36M (est)$1.1M$36MSeed2020Series A · 2021-03-18 Raised $6.9M (real) Modeled valuation $144M (est)$6.9M$144MSeries A2021Series A · 2021-06-10 Raised $3.7M (real) Modeled valuation $70M (est)$3.7M$70MSeries A2021+$1.1M+$6.9M+$3.7MCumulative $13M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.1M · 2019
Seed extension$1.1M · 2020
Series A$6.9M · 2021
Series A extension$3.7M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 67%.

Modeled valuation trajectory
$70.2M
Base estimate est.
$4.9M
Conservative case
$307.1M
Upside case
$16.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $38.3M · 2019-09-092019Seed · modeled $36.1M · 2020-06-06Series A · modeled $144.1M · 2021-03-18Series A · modeled $70.2M · 2021-06-102021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
5.1 yr
Elapsed time used
5.1 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
7 mo
Avg between rounds
$7.3M/yr
Capital velocity
6.8 yr
On record since
2019
First round
4
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.8× above median
This company$12.8M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.7× of median
This company$3.7M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.9× above median
This company$70.2M
Sector median$36.6M

Raised more than 72% of sector peers (real $). Modeled value above 65% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #244 of 278.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Digital Hands, LLC · Series A Raised $15.0M · modeled $416.1M (est)Ophelius Labs Inc · Series A Raised $15.0M · modeled $416.1M (est)StreetLight Data Inc. · Series A Raised $40.5M · modeled $416.1M (est)Unlimited Labs Inc. · Series A Raised $23.9M · modeled $416.1M (est)Numerated Growth Technologies, Inc. · Series A Raised $27.5M · modeled $416.1M (est)Carevive Systems, Inc. · Series A Raised $22.2M · modeled $414.9M (est)Lyra Technologies, Inc. · Series A Raised $19.5M · modeled $414.5M (est)Panther Labs Inc. · Series A Raised $20.4M · modeled $405.9M (est)Ascent Technologies, Inc. · Series A Raised $22.1M · modeled $405.0M (est)Weyland Tech, Inc. · Series A Raised $15.3M · modeled $396.3M (est)Transparent Financial Systems, Inc. · Series A Raised $14.2M · modeled $393.9M (est)Racktop Systems, Inc. · Series A Raised $14.9M · modeled $385.3M (est)Themis-Tech Inc. (this company) Raised $12.8M · modeled $70.2M (est)Themis-Tech Inc.
CompanyStageRaised · realValue · estvs peer med.
Digital Hands, LLCSeries A$15.0M$416.1M3.06×
Ophelius Labs IncSeries A$15.0M$416.1M3.06×
StreetLight Data Inc.Series A$40.5M$416.1M3.06×
Unlimited Labs Inc.Series A$23.9M$416.1M3.06×
Numerated Growth Technologies, Inc.Series A$27.5M$416.1M3.06×
Carevive Systems, Inc.Series A$22.2M$414.9M3.05×
Lyra Technologies, Inc.Series A$19.5M$414.5M3.04×
Panther Labs Inc.Series A$20.4M$405.9M2.98×
Ascent Technologies, Inc.Series A$22.1M$405.0M2.97×
Weyland Tech, Inc.Series A$15.3M$396.3M2.91×
Transparent Financial Systems, Inc.Series A$14.2M$393.9M2.89×
Racktop Systems, Inc.Series A$14.9M$385.3M2.83×
Themis-Tech Inc. this companySeries A$12.8M$70.2M0.52×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.1M2019-09-09$5.6M$38.3M90%
Seed$1.1M2020-06-06$5.3M$36.1M90%
Series A$6.9M2021-03-18$31.5M$144.1M90%
Series A$3.7M2021-06-10$16.8M$70.2M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.1M2019-09-09
    • First recorded raise — entered as Seed.
    • 3 investors on this round.
  2. Seed$1.1M2020-06-06
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
  3. Series A$6.9M2021-03-18
    • Raised 9 mo later, in step with the ~13 mo sector norm.
    • Round 6.5× larger than the prior — scaling up.
    • 22 investors on this round.
  4. Series A$3.7M2021-06-10
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 1.9× smaller than the prior — bridge or down round.
    • 9 investors on this round.
Intelligence
2022 ~Q1
Modeled next raise · ~7mo cadence
$3.7M
Modeled next size est.range $3.7M$5.9M
0.5×
Last step-up
$7.3M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Oren Zeev11 other2021-03
Gary Benitt7 other2019-09
Itai Hirsch1 other2019-09
Itai Hirsh1 other2021-03
Rami Lachter1 other2019-09
Registry & provenance

Themis-Tech Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1815453
SEC CIK
2019
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Turnout Technologies, Inc.Software / TechSeries A$10.4M$49.5Mnetwork1 shared operator · same sector · same stage
Lettuce Financial Labs, Inc.Software / TechSeries A$8.9M$10.6Mnetwork1 shared operator · same sector · same stage
Veros Systems IncSoftware / TechSeries A$12.9M$83.2Msame sector · same stage
eHealth Global Technologies IncSoftware / TechSeries A$12.7M$52.7Msame sector · same stage
Digital Surgery Systems, Inc.Software / TechSeries A$13.0M$54.0Msame sector · same stage
Weave Platform, Inc.Software / TechSeries A$13.0M$78.8Msame sector · same stage
Legend Labs, Inc.Software / TechSeries A$13.0M$64.2Msame sector · same stage
Radiator Labs, Inc.Software / TechSeries A$12.5M$79.7Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Themis Solutions Inc.Other TechnologySeries B$581.8M91%
Themis AI IncAI / MLSeed$34.6M88%
Ask Themis, Inc.Other TechnologySeries A$90.8M87%
Hera Systems, Inc.Software / TechSeed$34.1M85%
ItsWare Inc.Other TechnologyPre-Seed$3.6M84%
Main Technologies, IncSoftware / TechSeed$10.5M84%
Weyland Tech, Inc.Software / TechSeries A$396.3M84%
Desi Technologies, Inc.Software / TechPre-Seed$802K84%
Frequently asked
How much funding has Themis-Tech Inc. raised?
Themis-Tech Inc. has raised approximately $12.8M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Themis-Tech Inc.'s estimated valuation?
Provath's modeled valuation for Themis-Tech Inc. is approximately $70.2M (modeled range $4.9M–$307.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Themis-Tech Inc. at?
Themis-Tech Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Thu Jun 10.
What does Themis-Tech Inc. do and where is it based?
Themis-Tech Inc. operates in the Software / Tech sector, based in CARLSBAD.
Explore related

See where Themis-Tech Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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