Diligence memo · auto-generated · as of July 2, 2026
Trout, Inc.
Trout, Inc. has raised $594M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Trout, Inc. operates in Cybersecurity, based in STOCKHOLM. Zero Trust for multi-site industrial OT. Access Gate deploys alongside your network: no agents, no rewiring, no downtime. IEC 62443 zones, NIS2 ready.
Sub-sector tags: cybersecurity.
Capital & rounds (filed)filed
Trout, Inc. has raised $594M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $594M on 2018-04-04.
Most recent recorded round closed around 2018-04-04.
Valuation (modeled)modeled
Provath models Trout, Inc. at approximately $22.0B (range $4.6B–$39.6B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 8.2 yr ago; this sector typically re-raises about every 15 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 100% of Cybersecurity peers (270 compared).
Modeled value ranks above 100% of those peers.
Peoplefiled
6 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.