Companies · Other Technology

TWELVE, Inc.

REDWOOD CITY · Other Technology

Diligence memoA one-page analyst read on TWELVE, Inc. — recommendation, valuation, rhythm, risks.
$88.8M
Total raised · real
8
Rounds
3.9×
Latest step-up
Top 5%
Sector rank · raised
Series B
Latest stage · inferred · Fri Apr 17 2015 00:00:00 GMT+0000 (Coordinated Universal Time)

TWELVE, Inc. looks over-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.

Over-valued
  • Modeled value is 1.86× the median modeled value of Series B Other Technology companies in 2013–2015 (321 peers) — value vs value, same stage and era.
Dormant
  • Last raise 11.2 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

TWELVE, Inc. is one of 21292 Other Technology companies tracked from REDWOOD CITY. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest 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
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$500M$1.0B$1.5B$2.0BSeed · 2010-01-11 Raised $4.0M (real) Modeled valuation $136M (est)Seed2010Seed · 2010-01-11 Raised $3.0M (real) Modeled valuation $102M (est)Seed2010Seed · 2012-01-05 Raised $1.5M (real) Modeled valuation $51M (est)Seed2012Series A · 2012-06-06 Raised $15M (real) Modeled valuation $412M (est)Series A2012Series A · 2014-03-25 Raised $7.0M (real) Modeled valuation $194M (est)Series A2014Series A · 2014-05-30 Raised $14M (real) Modeled valuation $390M (est)Series A2014Series A · 2014-05-30 Raised $9.1M (real) Modeled valuation $252M (est)Series A2014Series B · 2015-04-17 Raised $35M (real) Modeled valuation $1.1B (est)Series B2015+$3.0M+$1.5M+$15M+$7.0M+$14M+$9.1M+$35MCumulative $89M

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
Seed$4.0M · 2010
Seed extension$3.0M · 2010
Seed extension$1.5M · 2012
Series A$14.8M · 2012
Series A extension$7.0M · 2014
Series A extension$14.1M · 2014
Series A extension$9.1M · 2014
Series B$35.2M · 2015

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$1.1B
Base estimate est.
$86.4M
Conservative case
$4.1B
Upside case
$195.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Seed · modeled $136.3M · 2010-01-112010Seed · modeled $102.2M · 2010-01-11Seed · modeled $51.1M · 2012-01-05Series A · modeled $411.9M · 2012-06-06Series A · modeled $194.2M · 2014-03-25Series A · modeled $390.5M · 2014-05-30Series A · modeled $251.8M · 2014-05-30Series B · modeled $1.1B · 2015-04-172015
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
67%
Survival probability
44% low · 81% high
1.42×/yr
Annual markup
1.72×/yr upside case
6.0 yr
Elapsed time used
11.2 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
9 mo
Avg between rounds
$16.9M/yr
Capital velocity
16.5 yr
On record since
2010
First round
8
Rounds on file
How it compares to the market

Benchmarked against 21292 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) 28× above median
This company$88.8M
Sector median$3.2M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.8× above median
This company$35.2M
Sector median$19.2M
Modeled value — vs sector median (estimate, all stages) 29× above median
This company$1.1B
Sector median$37.3M

Raised more than 96% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #20 of 321.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)PlanSource Holdings, Inc. · Series B Raised $40.0M · modeled $1.2B (est)Transphorm, Inc. · Series B Raised $246.8M · modeled $1.2B (est)Skyhigh Networks, Inc. · Series B Raised $46.5M · modeled $1.2B (est)Misfit Wearables Corp · Series B Raised $63.0M · modeled $1.2B (est)Veracode Inc · Series B Raised $95.1M · modeled $1.2B (est)Hired, Inc. · Series B Raised $57.5M · modeled $1.2B (est)Iqms · Series B Raised $74.5M · modeled $1.2B (est)Vistronix Intelligence & Technology Solutions, LLC · Series B Raised $56.1M · modeled $1.2B (est)Ruby Receptionists, Inc. · Series B Raised $38.8M · modeled $1.2B (est)Percolate Industries, Inc. · Series B Raised $72.6M · modeled $1.2B (est)Appian Corp · Series B Raised $37.5M · modeled $1.1B (est)Luxtera Inc · Series B Raised $91.8M · modeled $1.1B (est)TWELVE, Inc. (this company) Raised $88.8M · modeled $1.1B (est)TWELVE, Inc.
CompanyStageRaised · realValue · estvs peer med.
PlanSource Holdings, Inc.Series B$40.0M$1.2B2.11×
Transphorm, Inc.Series B$246.8M$1.2B2.11×
Skyhigh Networks, Inc.Series B$46.5M$1.2B2.11×
Misfit Wearables CorpSeries B$63.0M$1.2B2.11×
Veracode IncSeries B$95.1M$1.2B2.11×
Hired, Inc.Series B$57.5M$1.2B2.11×
IqmsSeries B$74.5M$1.2B2.08×
Vistronix Intelligence & Technology Solutions, LLCSeries B$56.1M$1.2B2.04×
Ruby Receptionists, Inc.Series B$38.8M$1.2B2.04×
Percolate Industries, Inc.Series B$72.6M$1.2B2.01×
Appian CorpSeries B$37.5M$1.1B1.97×
Luxtera IncSeries B$91.8M$1.1B1.97×
TWELVE, Inc. this companySeries B$88.8M$1.1B1.86×
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.
Seed$4.0M2010-01-11$20.0M$136.3M90%
Seed$3.0M2010-01-11$15.0M$102.2M90%
Seed$1.5M2012-01-05$7.5M$51.1M90%
Series A$14.8M2012-06-06$67.5M$411.9M90%
Series A$7.0M2014-03-25$31.8M$194.2M90%
Series A$14.1M2014-05-30$64.0M$390.5M90%
Series A$9.1M2014-05-30$41.3M$251.8M90%
Series B$35.2M2015-04-17$195.8M$1.1B90%
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. Seed$4.0M2010-01-11
    • First recorded raise — entered as Seed.
  2. Seed$3.0M2010-01-11
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.3× smaller than the prior — bridge or down round.
  3. Seed$1.5M2012-01-05
    • Raised again after 24 mo — slower than the ~13 mo sector norm.
    • Round 2.0× smaller than the prior — bridge or down round.
  4. Series A$14.8M2012-06-06
    • Came back fast: 5 mo vs the ~13 mo sector norm.
    • Round 9.9× larger than the prior — scaling up.
  5. Series A$7.0M2014-03-25
    • Raised again after 22 mo — slower than the ~13 mo sector norm.
    • Round 2.1× smaller than the prior — bridge or down round.
  6. Series A$14.1M2014-05-30
    • Came back fast: 2 mo vs the ~13 mo sector norm.
    • Round 2.0× larger than the prior — scaling up.
  7. Series A$9.1M2014-05-30
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.6× smaller than the prior — bridge or down round.
  8. Series B$35.2M2015-04-17
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 3.9× larger than the prior — scaling up.
Intelligence
2016 ~Q1
Modeled next raise · ~9mo cadence
$105.7M
Modeled next size est.range $68.7M$169.2M
3.9×
Last step-up
$16.9M/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
Hanson S. Gifford III10 other2010-01
Henry A. Plain, Jr.6 other2010-01
Henry A. Plain4 other2010-01
Mark Deem4 other2010-01
Christopher A. Shen2 other2015-04
Hanson Gifford2 other2010-01
Charles A. Warden1 other2010-01
Mark S. Deem1 other2010-01
Nimesh A. Shah1 other2010-01
Allan A. Will2010-01
Andrew A. Cleeland2012-06
Ferolyn A. Powell2014-05
Marc-Henri A. Galletti2014-05
Thomas A. Fogarty2014-05
Registry & provenance

TWELVE, 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
1480558
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
Miramar Labs IncOther Health CareSeries B$87.2M$95.9Mnetwork4 shared operators · same stage
Nuvaira, Inc.Other Health CareSeries C$177.8M$191.7Mnetwork3 shared operators
Kona Medical, Inc.BiotechnologySeries B$61.6M$396.9Mnetwork2 shared operators · same stage
GlassPoint Solar, Inc.Other TechnologySeries B$88.8M$1.1Bsame sector · same stage
Ooyala, Inc.Other TechnologySeries B$89.4M$1.1Bsame sector · same stage
Simulmedia, Inc.Other TechnologySeries B$86.6M$894.0Msame sector · same stage
Luxtera IncOther TechnologySeries B$91.8M$1.1Bsame sector · same stage
Sight Machine, Inc.Other TechnologySeries B$85.2M$897.3Msame sector · same stage
Frequently asked
How much funding has TWELVE, Inc. raised?
TWELVE, Inc. has raised approximately $88.8M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is TWELVE, Inc.'s estimated valuation?
Provath's modeled valuation for TWELVE, Inc. is approximately $1.1B (modeled range $86.4M–$4.1B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is TWELVE, Inc. at?
TWELVE, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Apr 17.
What does TWELVE, Inc. do and where is it based?
TWELVE, Inc. operates in the Other Technology sector, based in REDWOOD CITY.
Explore related

See where TWELVE, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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