Diligence memo · auto-generated · as of July 2, 2026
Upgrade Labs Inc.
Upgrade Labs Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Upgrade Labs Inc. operates in Software / Tech, based in SEATTLE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Upgrade Labs Inc. has raised $6.6M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $6.5M on 2018-10-11.
Most recent recorded round closed around 2018-10-11.
Valuation (modeled)modeled
Provath models Upgrade Labs Inc. at approximately $179M (range $8.6M–$973M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.07× the median modeled value of Series A Software / Tech companies in 2016–2018 (145 peers) — value vs value, same stage and era. Within the normal band (107% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 4 months.
Last raise 7.7 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 64.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 60% of Software / Tech peers (3920 compared).
Modeled value ranks above 81% of those peers.
Closest niche peers: Akoustis Technologies, Inc., O(1) Labs, LLC, Canvas Technology, Inc., Radiance Technologies, Inc., Imagen Technologies, Inc..
Peoplefiled
3 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.