Companies · Energy / Climate

Thermal Imaging Radar, LLC

LEHI · Energy / Climate · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Thermal Imaging Radar, LLC — recommendation, valuation, rhythm, risks.
$12.3M
Total raised · real
2
Rounds
0.0×
Latest step-up
Top 28%
Sector rank · raised
Series A
Latest stage · inferred · Mon Oct 28 2013 00:00:00 GMT+0000 (Coordinated Universal Time)

Thermal Imaging Radar, LLC has raised $12M over 2 rounds; too few niche peers to rank its valuation yet.

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

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

Dormant
  • Last raise 12.7 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Thermal Imaging Radar, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
14.0 yr record
Peak capital year was 2013 with $53.1M across 8 filings.
Market position
ahead of 73% of Energy / Climate peers
Capital scale is ahead of 73% of Energy / Climate peers; modeled value is above 88% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2013: $53.1M across 8 filings.
  • Largest single filing was $11.3M on 2013-10-28.
  • Filing rows sum to $55.6M, while canonical raised total is $12.3M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
  • Canonical filtering should be tightened before using row-level totals for diligence.
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 Energy / Climate

Thermal Imaging Radar, LLC is one of 235 Energy / Climate companies tracked from LEHI. By capital raised it ranks in the upper tier (ahead of 73% of sector peers), and in the upper tier 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
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
2
Investors (latest)
2012
Year incorporated
2013-10-28
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$200MPre-Seed · 2012-07-01 Raised $750K (real) Modeled valuation $14M (est)Pre-Seed2012Pre-Seed · 2012-09-05 Raised $750K (real) Modeled valuation $14M (est)Pre-Seed2012Pre-Seed · 2012-09-05 Raised $1.0M (real) Modeled valuation $19M (est)Pre-Seed2012Seed · 2013-10-28 Raised $3.4M (real) Modeled valuation $52M (est)Seed2013Series A · 2013-10-28 Raised $11M (real) Modeled valuation $139M (est)Series A2013Series A · 2013-10-28 Raised $5.9M (real) Modeled valuation $74M (est)Series A2013Pre-Seed · 2013-10-28 Raised $400K (real) Modeled valuation $7.6M (est)Pre-Seed2013Series A · 2013-10-28 Raised $11M (real) Modeled valuation $140M (est)Series A2013Series A · 2013-10-28 Raised $11M (real) Modeled valuation $140M (est)Series A2013Series A · 2013-10-28 Raised $9.4M (real) Modeled valuation $117M (est)Series A2013Pre-Seed · 2013-10-28 Raised $400K (real) Modeled valuation $7.6M (est)Pre-Seed2013Cumulative $56M

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
Pre-Seed$750K · 2012
Pre-Seed extension$750K · 2012
Pre-Seed extension$1.0M · 2012
Seed$3.4M · 2013
Series A$11.1M · 2013
Series A extension$5.9M · 2013
Bridge · Series A-stage$400K · 2013smaller follow-on
Series A extension$11.2M · 2013
Series A extension$11.3M · 2013
Series A extension$9.4M · 2013
Bridge · Series A-stage$400K · 2013smaller follow-on

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$140.4M
Base estimate est.
$14.3M
Conservative case
$763.2M
Upside case
$51.2M
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 energy sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $14.3M · 2012-07-012012Pre-Seed · modeled $14.3M · 2012-09-05Pre-Seed · modeled $19.0M · 2012-09-05Seed · modeled $52.1M · 2013-10-28Series A · modeled $138.7M · 2013-10-28Series A · modeled $74.0M · 2013-10-28Pre-Seed · modeled $7.6M · 2013-10-28Series A · modeled $140.1M · 2013-10-28Series A · modeled $140.4M · 2013-10-28Series A · modeled $116.9M · 2013-10-28Pre-Seed · modeled $7.6M · 2013-10-282013
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
51%
Survival probability
28% low · 70% high
1.32×/yr
Annual markup
1.67×/yr upside case
6.0 yr
Elapsed time used
12.7 yr actual, capped for stale marks
energy
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$9.3M/yr
Capital velocity
14.0 yr
On record since
2012
First round
11
Rounds on file
How it compares to the market

Benchmarked against 235 companies in Energy / Climate. 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) 2.5× above median
This company$12.3M
Sector median$5.0M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.1× of median
This company$400K
Sector median$6.1M
Modeled value — vs sector median (estimate, all stages) 7.4× above median
This company$140.4M
Sector median$19.0M

Raised more than 73% of sector peers (real $). Modeled value above 88% of peers (estimate).

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.
Pre-Seed$750K2012-07-01$4.2M$14.3M85%
Pre-Seed$750K2012-09-05$4.2M$14.3M85%
Pre-Seed$1.0M2012-09-05$5.6M$19.0M85%
Seed$3.4M2013-10-28$17.0M$52.1M90%
Series A$11.1M2013-10-28$50.6M$138.7M90%
Series A$5.9M2013-10-28$27.0M$74.0M90%
Pre-Seed$400K2013-10-28$2.2M$7.6M85%
Series A$11.2M2013-10-28$51.1M$140.1M90%
Series A$11.3M2013-10-28$51.2M$140.4M90%
Series A$9.4M2013-10-28$42.6M$116.9M90%
Pre-Seed$400K2013-10-28$2.2M$7.6M85%
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. Pre-Seed$750K2012-07-01
    • First recorded raise — entered as Pre-Seed.
  2. Pre-Seed$750K2012-09-05
    • Came back fast: 2 mo vs the ~11 mo sector norm.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
  3. Pre-Seed$1.0M2012-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • 3 investors on this round.
  4. Seed$3.4M2013-10-28
    • Raised 14 mo later, in step with the ~11 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • Revenue band moved No revenue → $1M–$5M.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
  5. Series A$11.1M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.3× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $5M–$25M.
    • 27 investors on this round.
  6. Series A$5.9M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× smaller than the prior — bridge or down round.
    • Revenue band moved $5M–$25M → $1M–$5M.
    • 10 investors on this round.
  7. Pre-Seed$400K2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 14.8× smaller than the prior — bridge or down round.
    • Revenue band moved $1M–$5M → No revenue.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 2 investors on this round.
  8. Series A$11.2M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 28.1× larger than the prior — scaling up.
    • Revenue band moved No revenue → $5M–$25M.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 28 investors on this round.
  9. Series A$11.3M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 28 investors on this round.
  10. Series A$9.4M2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  11. Pre-Seed$400K2013-10-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 23.4× smaller than the prior — bridge or down round.
    • Revenue band moved $5M–$25M → No revenue.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 2 investors on this round.
Intelligence
2013 ~Q4
Modeled next raise · ~2mo cadence
$400K
Modeled next size est.range $400K$640K
0.0×
Last step-up
$9.3M/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
David T Kay2013-10
Larry Price2012-07
Michael Dortch2013-10
Mike Dortch2012-07
Registry & provenance

Thermal Imaging Radar, LLC 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
1557005
SEC CIK
2012
Incorporated
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Frequently asked
How much funding has Thermal Imaging Radar, LLC raised?
Thermal Imaging Radar, LLC has raised approximately $12.3M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Thermal Imaging Radar, LLC's estimated valuation?
Provath's modeled valuation for Thermal Imaging Radar, LLC is approximately $140.4M (modeled range $14.3M–$763.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Thermal Imaging Radar, LLC at?
Thermal Imaging Radar, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Mon Oct 28.
What does Thermal Imaging Radar, LLC do and where is it based?
Thermal Imaging Radar, LLC operates in the Energy / Climate sector, based in LEHI.
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