Diligence memo · auto-generated · as of July 2, 2026
Trustless Privacy, Inc.
Trustless Privacy, Inc. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Trustless Privacy, Inc. operates in Other Technology, based in OAKLAND.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Trustless Privacy, Inc. has raised $624K in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Pre-Seed (a round under $1.0M).
Largest single filing: $442K on 2023-01-17.
Most recent recorded round closed around 2023-01-17.
Valuation (modeled)modeled
Provath models Trustless Privacy, Inc. at approximately $3.6M (range $223K–$19M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.32× the median modeled value of Pre-Seed Other Technology companies in 2022–2024 (975 peers) — value vs value, same stage and era. Within the normal band (132% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 3.5 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 was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 21% of Other Technology peers (21302 compared).
Modeled value ranks above 8% of those peers.
Closest niche peers: InRev, Inc., Positiv.ly LLC, SmashNet INC, RealConnex Holdings Inc., Pm-Ordr, Inc..
Peoplefiled
2 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.