Diligence memo · auto-generated · as of July 2, 2026
Thrive Agritech, Inc.
Thrive Agritech, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Thrive Agritech, Inc. operates in Hardware / Semiconductors, based in NEW YORK, WA, USA; New York, NY, USA; Remote. We design and manufacture energy efficient LED lighting fixtures for…
Sub-sector tags: Agriculture, Sustainable Agriculture, Vertical Farming, ai/ml, hardware/semi.
Capital & rounds (filed)filed
Thrive Agritech, Inc. has raised $2.9M 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: $2.9M on 2018-03-23.
Most recent recorded round closed around 2018-03-23.
Valuation (modeled)modeled
Provath models Thrive Agritech, Inc. at approximately $58M (range $2.5M–$458M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.57× the median modeled value of Seed Hardware / Semiconductors companies in 2016–2018 (6 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 8.3 yr ago; this sector typically re-raises about every 16 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 68% of Hardware / Semiconductors peers (130 compared).
Modeled value ranks above 84% of those peers.
Closest niche peers: Bottomless, Inc., Linear Dimensions Semiconductor Inc., Inspirit IoT, Inc., Freebird Semiconductor Corp, Geo Semiconductor Inc..
Peoplefiled
2 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.