Diligence memo · auto-generated · as of July 2, 2026
Torchlite Technologies Inc.
Torchlite Technologies Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Torchlite Technologies Inc. operates in Software / Tech, based in INDIANAPOLIS.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Torchlite Technologies Inc. has raised $4.3M in disclosed capital across 9 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.6M on 2016-12-09.
Most recent recorded round closed around 2023-06-23.
Valuation (modeled)modeled
Provath models Torchlite Technologies Inc. at approximately $8.3M (range $882K–$29M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
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.
The last round stepped up 4.4× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 50% of Software / Tech peers (3920 compared).
Modeled value ranks above 23% of those peers.
Closest niche peers: SkyBell Technologies, Inc., BuyerAssist.io, Inc., Adaptive Surface Technologies, Inc., Abstract Labs, Inc., Elixir Lab Usa Inc..
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.