Companies · Computers

ThetaRho, Inc.

Santa Clara · Computers

Diligence memoA one-page analyst read on ThetaRho, Inc. — recommendation, valuation, rhythm, risks.
$1.1M
Total raised · real
2
Rounds
6.7×
Latest step-up
Top 60%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Mon May 05 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

ThetaRho, Inc. looks over-valued against its niche peers and is active on financing cadence.

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

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

Over-valued
  • Modeled value is 4.03× the median modeled value of Pre-Seed Computers companies in 2025–2027 (43 peers) — value vs value, same stage and era.
Active
  • Last raise 14 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
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 Computers

ThetaRho, Inc. is one of 1370 Computers companies tracked from Santa Clara. By capital raised it ranks mid-pack (ahead of 41% of sector peers), and in the long tail 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
2023
Year incorporated
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$1.3M$2.5M$3.8M$5.0MPre-Seed · 2023-12-19 Raised $150K (real) Modeled valuation $1.1M (est)$150K$1.1MPre-Seed2023Pre-Seed · 2025-05-05 Raised $1.0M (real) Modeled valuation $3.2M (est)$1.0M$3.2MPre-Seed2025+$1.0MCumulative $1.1M

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$150K · 2023
Pre-Seed extension$1.0M · 2025

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

Modeled valuation trajectory
$3.2M
Base estimate est.
$667K
Conservative case
$8.4M
Upside case
$5.6M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.1M · 2023-12-192023Pre-Seed · modeled $3.2M · 2025-05-052025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.77×/yr
Annual markup
2.39×/yr upside case
1.2 yr
Elapsed time used
1.2 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
17 mo
Avg between rounds
$835K/yr
Capital velocity
2.5 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1370 companies in Computers. 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) 0.6× of median
This company$1.1M
Sector median$1.9M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 3.1× above median
This company$1.0M
Sector median$325K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$3.2M
Sector median$33.0M

Raised more than 41% of sector peers (real $). Modeled value above 10% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) 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 #3 of 43.

This companyCohort peer
$1.0M$10.0M$100K$1.0M$10.0MCapital raised (log)Qgems Inc · Pre-Seed Raised $1.0M · modeled $3.5M (est)2025 Greenwood & Cavalier Pepelwerk, LP · Pre-Seed Raised $1.0M · modeled $3.4M (est)Lexe Corp · Pre-Seed Raised $999K · modeled $3.1M (est)X1 Labs, Inc · Pre-Seed Raised $1.0M · modeled $3.1M (est)C3N Technologies, Inc. · Pre-Seed Raised $1.4M · modeled $2.6M (est)Edgewood Software Co · Pre-Seed Raised $1.5M · modeled $2.6M (est)OrchardLink, Inc. · Pre-Seed Raised $986K · modeled $2.4M (est)LayerV LLC · Pre-Seed Raised $750K · modeled $2.0M (est)Finsibility Inc. · Pre-Seed Raised $700K · modeled $1.8M (est)Circuit Technologies, Inc. · Pre-Seed Raised $600K · modeled $1.6M (est)Ambar Memories Inc. · Pre-Seed Raised $650K · modeled $1.6M (est)ThetaRho, Inc. (this company) Raised $1.1M · modeled $3.2M (est)ThetaRho, Inc.
CompanyStageRaised · realValue · estvs peer med.
Qgems IncPre-Seed$1.0M$3.5M4.37×
2025 Greenwood & Cavalier Pepelwerk, LPPre-Seed$1.0M$3.4M4.25×
ThetaRho, Inc. this companyPre-Seed$1.1M$3.2M4.03×
Lexe CorpPre-Seed$999K$3.1M3.93×
X1 Labs, IncPre-Seed$1.0M$3.1M3.84×
C3N Technologies, Inc.Pre-Seed$1.4M$2.6M3.30×
Edgewood Software CoPre-Seed$1.5M$2.6M3.26×
OrchardLink, Inc.Pre-Seed$986K$2.4M2.99×
LayerV LLCPre-Seed$750K$2.0M2.48×
Finsibility Inc.Pre-Seed$700K$1.8M2.31×
Circuit Technologies, Inc.Pre-Seed$600K$1.6M2.00×
Ambar Memories Inc.Pre-Seed$650K$1.6M1.97×
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$150K2023-12-19$833K$1.1M90%
Pre-Seed$1.0M2025-05-05$5.6M$3.2M90%
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. Pre-Seed$150K2023-12-19
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Pre-Seed$1.0M2025-05-05
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 6.7× larger than the prior — scaling up.
Intelligence
2026 ~Q3
Modeled next raise · ~17mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
6.7×
Last step-up
$835K/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
Ramani Narayan2 other2023-12
Kannan Govindarajan1 other2023-12
Registry & provenance

ThetaRho, 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
1991470
SEC CIK
2023
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
InstyBook, LLCComputersPre-Seed$1.1M$7.6Msame sector · same stage
GoodGeek,Inc.ComputersPre-Seed$1.2M$7.6Msame sector · same stage
Matrix Rental Solutions Inc.ComputersPre-Seed$1.1M$9.9Msame sector · same stage
EVRST, Inc.ComputersPre-Seed$1.2M$10.1Msame sector · same stage
Pixetell, IncComputersPre-Seed$1.1M$5.3Msame sector · same stage
Bin1 ATE, LLCComputersPre-Seed$1.1M$5.4Msame sector · same stage
National Currency Technologies, Inc.ComputersPre-Seed$1.1M$8.8Msame sector · same stage
Leo Tek, Inc.ComputersPre-Seed$1.3M$1.7Msame 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
Osterhout Group, Inc.ComputersSeries C$2.2B85%
Zhihuo International Holdings Group LtdComputersSeries A$24.4M84%
Torpago, Inc.ComputersSeed$53.6M84%
Amano Technologies, Inc.ComputersPre-Seed$3.2M84%
DynamoFL, Inc.ComputersSeries B$222.1M84%
GigaIO Networks, Inc.ComputersSeries A$150.5M83%
HopZero, Inc.ComputersSeed$84.5M83%
Storj Labs, Inc.ComputersSeed$40.8M83%
Frequently asked
How much funding has ThetaRho, Inc. raised?
ThetaRho, Inc. has raised approximately $1.1M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is ThetaRho, Inc.'s estimated valuation?
Provath's modeled valuation for ThetaRho, Inc. is approximately $3.2M (modeled range $667K–$8.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is ThetaRho, Inc. at?
ThetaRho, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Mon May 05.
What does ThetaRho, Inc. do and where is it based?
ThetaRho, Inc. operates in the Computers sector, based in Santa Clara.
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