Companies · Other Technology

Traitware Inc.

Reno · Other Technology

Diligence memoA one-page analyst read on Traitware Inc. — recommendation, valuation, rhythm, risks.
$12.0M
Total raised · real
7
Rounds
0.0×
Latest step-up
Top 25%
Sector rank · raised
Series A
Latest stage · inferred · Wed Nov 17 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Traitware Inc. looks under-valued against its niche peers and is dormant 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 0.24× the median modeled value of Series A Other Technology companies in 2019–2021 (992 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 4.6 yr ago; this sector typically re-raises about every 13 months.
  • Silent for over 3× the sector's normal cadence.
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 Other Technology

Traitware Inc. is one of 21302 Other Technology companies tracked from Reno. By capital raised it ranks in the upper tier (ahead of 76% of sector peers), and mid-pack 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
$1M–$5M
Issuer revenue
Rule 506(b)
Reg D exemption
2
Investors (latest)
2021-11-17
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$50M$100M$150M$200MSeries A · 2008-05-20 Raised $4.7M (real) Modeled valuation $131M (est)Series A2008Series A · 2010-06-03 Raised $911K (real) Modeled valuation $25M (est)Series A2010Series A · 2014-02-06 Raised $130K (real) Modeled valuation $3.6M (est)Series A2014Series A · 2017-02-16 Raised $2.1M (real) Modeled valuation $58M (est)Series A2017Seed · 2017-02-16 Raised $2.1M (real) Modeled valuation $72M (est)Seed2017Series A · 2019-03-15 Raised $300K (real) Modeled valuation $8.3M (est)Series A2019Series A · 2021-11-17 Raised $1.6M (real) Modeled valuation $26M (est)Series A2021Series A · 2021-11-17 Raised $2.2M (real) Modeled valuation $35M (est)Series A2021Pre-Seed · 2021-11-17 Raised $101K (real) Modeled valuation $2.0M (est)Pre-Seed2021+$911K+$130K+$2.1M+$2.1M+$300K+$1.6M+$2.2M+$101KCumulative $14M

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
Series A$4.7M · 2008
Series A extension$911K · 2010
Series A extension$130K · 2014
Series A extension$2.1M · 2017
Bridge · Series A-stage$2.1M · 2017smaller follow-on
Series A extension$300K · 2019
Series A extension$1.6M · 2021
Series A extension$2.2M · 2021
Bridge · Series A-stage$101K · 2021smaller follow-on

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

Modeled valuation trajectory
$34.9M
Base estimate est.
$2.9M
Conservative case
$138.1M
Upside case
$10.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series A · modeled $131.1M · 2008-05-202008Series A · modeled $25.3M · 2010-06-03Series A · modeled $3.6M · 2014-02-06Series A · modeled $58.5M · 2017-02-16Seed · modeled $71.8M · 2017-02-16Series A · modeled $8.3M · 2019-03-15Series A · modeled $26.2M · 2021-11-17Series A · modeled $34.9M · 2021-11-17Pre-Seed · modeled $2.0M · 2021-11-172021
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
4.6 yr
Elapsed time used
4.6 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$891K/yr
Capital velocity
18.1 yr
On record since
2008
First round
9
Rounds on file
How it compares to the market

Benchmarked against 21302 companies in Other Technology. 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) 3.8× above median
This company$12.0M
Sector median$3.2M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.0× of median
This company$101K
Sector median$5.8M
Modeled value — vs sector median (estimate, all stages) 0.9× of median
This company$34.9M
Sector median$37.3M

Raised more than 76% of sector peers (real $). Modeled value above 48% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #905 of 992.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Neighborhoods.com, LLC · Series A Raised $15.0M · modeled $416.1M (est)tinyBuild Inc. · Series A Raised $18.8M · modeled $416.1M (est)DV01, Inc. · Series A Raised $28.4M · modeled $416.1M (est)NowSecure, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Airbiquity Inc · Series A Raised $29.4M · modeled $416.1M (est)AnalyticsIQ Holdings, Inc. · Series A Raised $15.0M · modeled $416.1M (est)MIXhalo Corp. · Series A Raised $14.7M · modeled $408.5M (est)Automation Hero, Inc. · Series A Raised $14.5M · modeled $402.2M (est)Bioz, Inc. · Series A Raised $14.5M · modeled $401.7M (est)Gamers Net, Inc. · Series A Raised $14.2M · modeled $392.9M (est)PassiveLogic, Inc. · Series A Raised $14.0M · modeled $389.1M (est)Stellar Aurora, Inc. · Series A Raised $14.0M · modeled $388.5M (est)Traitware Inc. (this company) Raised $12.0M · modeled $34.9M (est)Traitware Inc.
CompanyStageRaised · realValue · estvs peer med.
Neighborhoods.com, LLCSeries A$15.0M$416.1M2.92×
tinyBuild Inc.Series A$18.8M$416.1M2.92×
DV01, Inc.Series A$28.4M$416.1M2.92×
NowSecure, Inc.Series A$15.0M$416.1M2.92×
Airbiquity IncSeries A$29.4M$416.1M2.92×
AnalyticsIQ Holdings, Inc.Series A$15.0M$416.1M2.92×
MIXhalo Corp.Series A$14.7M$408.5M2.87×
Automation Hero, Inc.Series A$14.5M$402.2M2.82×
Bioz, Inc.Series A$14.5M$401.7M2.82×
Gamers Net, Inc.Series A$14.2M$392.9M2.76×
PassiveLogic, Inc.Series A$14.0M$389.1M2.73×
Stellar Aurora, Inc.Series A$14.0M$388.5M2.73×
Traitware Inc. this companySeries A$12.0M$34.9M0.24×
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.
Series A$4.7M2008-05-20$21.5M$131.1M85%
Series A$911K2010-06-03$4.1M$25.3M85%
Series A$130K2014-02-06$591K$3.6M85%
Series A$2.1M2017-02-16$9.6M$58.5M90%
Seed$2.1M2017-02-16$10.5M$71.8M90%
Series A$300K2019-03-15$1.4M$8.3M90%
Series A$1.6M2021-11-17$7.5M$26.2M90%
Series A$2.2M2021-11-17$10.0M$34.9M90%
Pre-Seed$101K2021-11-17$558K$2.0M90%
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. Series A$4.7M2008-05-20
    • First recorded raise — entered as Series A.
    • 32 investors on this round.
  2. Series A$911K2010-06-03
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 5.2× smaller than the prior — bridge or down round.
    • Switched to Rule 505 (was Rule 06).
    • 6 investors on this round.
  3. Series A$130K2014-02-06
    • Raised again after 44 mo — slower than the ~13 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • Revenue band moved $0–$1M → No revenue.
    • Switched to Rule 506(b) (was Rule 505).
    • 4 investors on this round.
  4. Series A$2.1M2017-02-16
    • Raised again after 36 mo — slower than the ~13 mo sector norm.
    • Round 16.2× larger than the prior — scaling up.
    • 8 investors on this round.
  5. Seed$2.1M2017-02-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • Switched to Rule 505 (was Rule 506(b)).
    • 8 investors on this round.
  6. Series A$300K2019-03-15
    • Raised again after 25 mo — slower than the ~13 mo sector norm.
    • Round 7.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 505).
    • 6 investors on this round.
  7. Series A$1.6M2021-11-17
    • Raised again after 32 mo — slower than the ~13 mo sector norm.
    • Round 5.5× larger than the prior — scaling up.
    • 15 investors on this round.
  8. Series A$2.2M2021-11-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× larger than the prior — scaling up.
    • Revenue band moved $1M–$5M → $0–$1M.
    • 26 investors on this round.
  9. Pre-Seed$101K2021-11-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 21.9× smaller than the prior — bridge or down round.
    • 2 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~20mo cadence
$101K
Modeled next size est.range $101K$161K
0.0×
Last step-up
$891K/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
Mark Simpson2 other2021-11
Dale Dir1 other2019-03
A Heath Spencer2021-11
Dale B. Dir2008-05
Dale Heath Dir2021-11
Dale W. Dir2017-02
Glenn C. Waehner2008-05
Harlan B. Hutson2008-05
Heath Spencer2019-03
Herbert Heath Spencer2021-11
Herbert Spencer2019-03
Herbert W. Spencer2017-02
Herbert W. Spencer III2008-05
Peter Bosco2019-03
Peter Heath Bosco2021-11
Randle Heath Collard2021-11
Randy Collard2019-03
Randy W. Collard2014-02
Steve Heath Hickerson2021-11
Steve Hickerson2019-03
Steven A. Hickerson2008-05
Steven B. Hickerson2014-02
Steve W. Hickerson2017-02
Thomas B. Dodrill2008-05
Registry & provenance

Traitware 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
1491038
SEC CIK
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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.

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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
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Simility, Inc.Other TechnologySeries B$540.7M85%
Valiify, Inc.Other TechnologyPre-Seed$2.2M85%
WearWare, Inc.Other TechnologySeed$3.5M85%
Molecular Trait Evolution, Inc.Other TechnologyPre-Seed$3.2M84%
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Frequently asked
How much funding has Traitware Inc. raised?
Traitware Inc. has raised approximately $12.0M in disclosed capital across 7 recorded financing rounds, aggregated from public filings.
What is Traitware Inc.'s estimated valuation?
Provath's modeled valuation for Traitware Inc. is approximately $34.9M (modeled range $2.9M–$138.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Traitware Inc. at?
Traitware Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Nov 17.
What does Traitware Inc. do and where is it based?
Traitware Inc. operates in the Other Technology sector, based in Reno.
Explore related

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