Companies · Software / Tech

Torchlite Technologies Inc.

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

Diligence memoA one-page analyst read on Torchlite Technologies Inc. — recommendation, valuation, rhythm, risks.
$4.3M
Total raised · real
9
Rounds
4.4×
Latest step-up
Top 51%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jun 23 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Torchlite Technologies Inc. looks under-valued against its niche peers and is at-risk 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 0.50× the median modeled value of Seed Software / Tech companies in 2022–2024 (387 peers) — value vs value, same stage and era.
At-risk
  • Last raise 3.0 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Torchlite Technologies Inc. is one of 3920 Software / Tech companies tracked from INDIANAPOLIS. By capital raised it ranks mid-pack (ahead of 50% 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
6
Investors (latest)
2023-06-23
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$25M$50M$75M$100MPre-Seed · 2015-03-18 Raised $150K (real) Modeled valuation $6.4M (est)Pre-Seed2015Pre-Seed · 2015-10-05 Raised $400K (real) Modeled valuation $17M (est)Pre-Seed2015Pre-Seed · 2016-03-24 Raised $100K (real) Modeled valuation $4.2M (est)Pre-Seed2016Seed · 2016-07-01 Raised $1.2M (real) Modeled valuation $41M (est)Seed2016Seed · 2016-12-09 Raised $1.6M (real) Modeled valuation $56M (est)Seed2016Seed · 2016-12-09 Raised $1.4M (real) Modeled valuation $48M (est)Seed2016Seed · 2018-06-27 Raised $150K (real) Modeled valuation $5.1M (est)Seed2018Seed · 2019-02-20 Raised $150K (real) Modeled valuation $5.1M (est)Seed2019Seed · 2020-04-24 Raised $500K (real) Modeled valuation $17M (est)Seed2020Seed · 2021-08-09 Raised $225K (real) Modeled valuation $4.5M (est)Seed2021Seed · 2023-06-23 Raised $1.0M (real) Modeled valuation $8.3M (est)Seed2023Cumulative $6.9M

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 · 2015
Pre-Seed extension$400K · 2015
Pre-Seed extension$100K · 2016
Seed$1.2M · 2016
Seed extension$1.6M · 2016
Seed extension$1.4M · 2016
Seed extension$150K · 2018
Seed extension$150K · 2019
Seed extension$500K · 2020
Seed extension$225K · 2021
Seed extension$1.0M · 2023

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

Modeled valuation trajectory
$8.3M
Base estimate est.
$882K
Conservative case
$29.0M
Upside case
$5.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $6.4M · 2015-03-182015Pre-Seed · modeled $16.9M · 2015-10-05Pre-Seed · modeled $4.2M · 2016-03-24Seed · modeled $40.9M · 2016-07-01Seed · modeled $56.0M · 2016-12-09Seed · modeled $47.7M · 2016-12-09Seed · modeled $5.1M · 2018-06-27Seed · modeled $5.1M · 2019-02-20Seed · modeled $17.0M · 2020-04-24Seed · modeled $4.5M · 2021-08-09Seed · modeled $8.3M · 2023-06-232023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
3.0 yr
Elapsed time used
3.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$523K/yr
Capital velocity
11.3 yr
On record since
2015
First round
11
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) 0.9× of median
This company$4.3M
Sector median$4.6M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.5× of median
This company$1.0M
Sector median$1.9M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$8.3M
Sector median$36.6M

Raised more than 50% of sector peers (real $). Modeled value above 23% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (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 #309 of 387.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)SkyBell Technologies, Inc. · Seed Raised $4.8M · modeled $64.2M (est)BuyerAssist.io, Inc. · Seed Raised $5.7M · modeled $60.4M (est)Adaptive Surface Technologies, Inc. · Seed Raised $3.8M · modeled $59.6M (est)Abstract Labs, Inc. · Seed Raised $3.9M · modeled $57.2M (est)Elixir Lab Usa Inc. · Seed Raised $3.9M · modeled $57.0M (est)Grounded Technologies, Inc. · Seed Raised $3.5M · modeled $56.9M (est)Sticky Technologies, Inc./DE · Seed Raised $3.6M · modeled $55.0M (est)Urban Shipper Technology Inc. · Seed Raised $4.9M · modeled $54.3M (est)Rabbot Technologies Ltd · Seed Raised $3.8M · modeled $53.6M (est)Multisig Labs, Inc. · Seed Raised $3.8M · modeled $53.3M (est)Smartcare Software, Inc. · Seed Raised $3.5M · modeled $50.2M (est)Determinate Systems, Inc. · Seed Raised $3.5M · modeled $49.8M (est)Torchlite Technologies Inc. (this company) Raised $4.3M · modeled $8.3M (est)Torchlite Technologies Inc.
CompanyStageRaised · realValue · estvs peer med.
SkyBell Technologies, Inc.Seed$4.8M$64.2M3.92×
BuyerAssist.io, Inc.Seed$5.7M$60.4M3.68×
Adaptive Surface Technologies, Inc.Seed$3.8M$59.6M3.63×
Abstract Labs, Inc.Seed$3.9M$57.2M3.49×
Elixir Lab Usa Inc.Seed$3.9M$57.0M3.48×
Grounded Technologies, Inc.Seed$3.5M$56.9M3.47×
Sticky Technologies, Inc./DESeed$3.6M$55.0M3.35×
Urban Shipper Technology Inc.Seed$4.9M$54.3M3.31×
Rabbot Technologies LtdSeed$3.8M$53.6M3.27×
Multisig Labs, Inc.Seed$3.8M$53.3M3.25×
Smartcare Software, Inc.Seed$3.5M$50.2M3.06×
Determinate Systems, Inc.Seed$3.5M$49.8M3.04×
Torchlite Technologies Inc. this companySeed$4.3M$8.3M0.50×
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$150K2015-03-18$833K$6.4M85%
Pre-Seed$400K2015-10-05$2.2M$16.9M85%
Pre-Seed$100K2016-03-24$556K$4.2M85%
Seed$1.2M2016-07-01$6.0M$40.9M90%
Seed$1.6M2016-12-09$8.2M$56.0M90%
Seed$1.4M2016-12-09$7.0M$47.7M90%
Seed$150K2018-06-27$750K$5.1M90%
Seed$150K2019-02-20$750K$5.1M90%
Seed$500K2020-04-24$2.5M$17.0M90%
Seed$225K2021-08-09$1.1M$4.5M90%
Seed$1.0M2023-06-23$5.0M$8.3M90%
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$150K2015-03-18
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$400K2015-10-05
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.7× larger than the prior — scaling up.
    • 3 investors on this round.
  3. Pre-Seed$100K2016-03-24
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Seed$1.2M2016-07-01
    • Came back fast: 3 mo vs the ~13 mo sector norm.
    • Round 12.0× larger than the prior — scaling up.
  5. Seed$1.6M2016-12-09
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • 17 investors on this round.
  6. Seed$1.4M2016-12-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  7. Seed$150K2018-06-27
    • Raised 19 mo later, in step with the ~13 mo sector norm.
    • Round 9.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  8. Seed$150K2019-02-20
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • Switched to Rule 506(c) (was Rule 506(b)).
    • 2 investors on this round.
  9. Seed$500K2020-04-24
    • Raised 14 mo later, in step with the ~13 mo sector norm.
    • Round 3.3× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 506(c)).
    • 1 investor on this round.
  10. Seed$225K2021-08-09
    • Raised 16 mo later, in step with the ~13 mo sector norm.
    • Round 2.2× smaller than the prior — bridge or down round.
    • 2 investors on this round.
  11. Seed$1.0M2023-06-23
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 4.4× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2024 ~Q2
Modeled next raise · ~10mo cadence
$3.0M
Modeled next size est.range $2.0M$4.8M
4.4×
Last step-up
$523K/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
Robert Harris8 other2021-08
Scott McCorkle3 other2016-12
Kelly Schwedland2 other2023-06
Tiffany McCorkle2 other2016-07
Michael Hanna1 other2015-03
Dustin McCormick2018-06
Irena Goloschokin2023-06
Jeffrey K. Rohrs2019-02
Jeffrey Rohrs2020-04
Jeff Rohrs2016-12
Robert Welch, Jr.2016-07
Shawn Herring2016-07
Susan Marshall2015-03
Registry & provenance

Torchlite Technologies 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
1637385
SEC CIK
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
Clear Software, Inc.Software / TechSeed$1.3M$35.9Mnetwork1 shared operator · same sector · same stage
Cryomass Technologies, Inc.Software / TechSeed$4.2M$8.4Msame sector · same stage
Censys Technologies CorpSoftware / TechSeed$4.2M$9.2Msame sector · same stage
Verde Technologies IncSoftware / TechSeed$4.2M$7.4Msame sector · same stage
Den Technologies Inc.Software / TechSeed$4.5M$6.1Msame sector · same stage
Laminr Technologies, Inc.Software / TechSeed$4.6M$7.4Msame sector · same stage
Herd Labs, Inc.Software / TechSeed$4.7M$9.4Msame sector · same stage
Legends Lab, Inc.Software / TechSeed$4.0M$6.6Msame 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
Torch Technology, Inc.Software / TechSeries A$64.9M94%
GreenLite Technologies, Inc.Software / TechSeries B$122.0M89%
Cinder Technologies, Inc.Software / TechSeries A$135.1M88%
Torch 3D Inc.Other TechnologySeed$32.3M85%
TorchPro, Inc.Other TechnologyPre-Seed$12.6M85%
Deeplite, Inc.Other TechnologySeed$76.2M84%
PowerLattice Technologies IncSoftware / TechSeries B$91.8M83%
Ignis Technologies, Inc.Software / TechPre-Seed$11.9M82%
Frequently asked
How much funding has Torchlite Technologies Inc. raised?
Torchlite Technologies Inc. has raised approximately $4.3M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is Torchlite Technologies Inc.'s estimated valuation?
Provath's modeled valuation for Torchlite Technologies Inc. is approximately $8.3M (modeled range $882K–$29.0M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Torchlite Technologies Inc. at?
Torchlite Technologies Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jun 23.
What does Torchlite Technologies Inc. do and where is it based?
Torchlite Technologies Inc. operates in the Software / Tech sector, based in INDIANAPOLIS.
Explore related

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