Diligence memo · auto-generated · as of July 2, 2026
Toolpath Labs, Inc.
Toolpath Labs, Inc. looks fair against its niche peers and is active on financing cadence.
Businessfiled
Toolpath Labs, Inc. operates in Software / Tech, based in Bedford Heights.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Toolpath Labs, Inc. has raised $16M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.0M on 2022-05-13.
Most recent recorded round closed around 2025-04-30.
Valuation (modeled)modeled
Provath models Toolpath Labs, Inc. at approximately $22M (range $7.6M–$40M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.06× the median modeled value of Series A Software / Tech companies in 2025–2027 (205 peers) — value vs value, same stage and era. Within the normal band (106% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 9 months.
Last raise 14 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round stepped up 6.2× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 75% of Software / Tech peers (3920 compared).
Modeled value ranks above 41% of those peers.
Closest niche peers: Integrity Labs, Inc., Volteras Technologies, Inc., Unto Labs, Inc., Veda Tech Labs Inc., Caliber Labs, PBC.
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.