Companies · Other Technology

Upstream Research Inc.

Bainbridge Island · Other Technology

Diligence memoA one-page analyst read on Upstream Research Inc. — recommendation, valuation, rhythm, risks.
$1.7M
Total raised · real
2
Rounds
1.2×
Latest step-up
Top 63%
Sector rank · raised
Seed
Latest stage · inferred · Fri Jun 24 2016 00:00:00 GMT+0000 (Coordinated Universal Time)

Upstream Research 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 0.10× the median modeled value of Seed Other Technology companies in 2016–2018 (1024 peers) — value vs value, same stage and era.
  • Issuer reports $1M–$5M revenue while modeled below niche peers.
Dormant
  • Last raise 10.0 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

Upstream Research Inc. is one of 21292 Other Technology companies tracked from Bainbridge Island. By capital raised it ranks in the long tail (ahead of 38% of sector peers), and in the long tail 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)
2015
Year incorporated
2016-06-24
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$25M$50M$75M$100MPre-Seed · 2015-09-05 Raised $425K (real) Modeled valuation $18M (est)Pre-Seed2015Pre-Seed · 2015-09-05 Raised $425K (real) Modeled valuation $18M (est)Pre-Seed2015Seed · 2015-09-05 Raised $1.5M (real) Modeled valuation $52M (est)Seed2015Pre-Seed · 2015-09-05 Raised $350K (real) Modeled valuation $15M (est)Pre-Seed2015Pre-Seed · 2015-09-05 Raised $350K (real) Modeled valuation $15M (est)Pre-Seed2015Pre-Seed · 2016-06-24 Raised $150K (real) Modeled valuation $6.4M (est)Pre-Seed2016Seed · 2016-06-24 Raised $175K (real) Modeled valuation $6.0M (est)Seed2016+$425K+$1.5M+$350K+$350K+$150K+$175KCumulative $3.4M

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
Pre-Seed$425K · 2015
Pre-Seed extension$425K · 2015
Seed$1.5M · 2015
Bridge · Seed-stage$350K · 2015smaller follow-on
Bridge · Seed-stage$350K · 2015smaller follow-on
Bridge · Seed-stage$150K · 2016smaller follow-on
Seed extension$175K · 2016

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

Modeled valuation trajectory
$6.0M
Base estimate est.
$154K
Conservative case
$46.8M
Upside case
$875K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $18.0M · 2015-09-052015Pre-Seed · modeled $18.0M · 2015-09-05Seed · modeled $52.0M · 2015-09-05Pre-Seed · modeled $14.8M · 2015-09-05Pre-Seed · modeled $14.8M · 2015-09-05Pre-Seed · modeled $6.4M · 2016-06-24Seed · modeled $6.0M · 2016-06-242016
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
39%
Survival probability
18% low · 61% high
1.61×/yr
Annual markup
2.11×/yr upside case
6.0 yr
Elapsed time used
10.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
2 mo
Avg between rounds
$2.1M/yr
Capital velocity
10.8 yr
On record since
2015
First round
7
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) 0.5× of median
This company$1.7M
Sector median$3.2M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.1× of median
This company$175K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$6.0M
Sector median$37.3M

Raised more than 38% of sector peers (real $). Modeled value above 15% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) 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 #1000 of 1,024.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$1.0M$10.0M$100.0MCapital raised (log)Modern Teacher LLC · Seed Raised $4.0M · modeled $136.3M (est)OneDine, LLC · Seed Raised $4.0M · modeled $136.3M (est)Pixobot, Inc. · Seed Raised $4.7M · modeled $136.3M (est)SubVRsive, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Red Lambda, Inc. · Seed Raised $9.2M · modeled $136.3M (est)Lea, Llc · Seed Raised $4.0M · modeled $136.3M (est)Homebot, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Watershed Systems, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Bivarus, Inc. · Seed Raised $8.3M · modeled $136.3M (est)Salcido Enterprises, LLC · Seed Raised $5.1M · modeled $136.3M (est)RSV QOZB Rural, Inc. · Seed Raised $4.0M · modeled $136.3M (est)Punchbowl, Inc. · Seed Raised $5.6M · modeled $136.3M (est)Upstream Research Inc. (this company) Raised $1.7M · modeled $6.0M (est)Upstream Research Inc.
CompanyStageRaised · realValue · estvs peer med.
Modern Teacher LLCSeed$4.0M$136.3M2.36×
OneDine, LLCSeed$4.0M$136.3M2.36×
Pixobot, Inc.Seed$4.7M$136.3M2.36×
SubVRsive, Inc.Seed$4.0M$136.3M2.36×
Red Lambda, Inc.Seed$9.2M$136.3M2.36×
Lea, LlcSeed$4.0M$136.3M2.36×
Homebot, Inc.Seed$4.0M$136.3M2.36×
Watershed Systems, Inc.Seed$4.0M$136.3M2.36×
Bivarus, Inc.Seed$8.3M$136.3M2.36×
Salcido Enterprises, LLCSeed$5.1M$136.3M2.36×
RSV QOZB Rural, Inc.Seed$4.0M$136.3M2.36×
Punchbowl, Inc.Seed$5.6M$136.3M2.36×
Upstream Research Inc. this companySeed$1.7M$6.0M0.10×
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.
Pre-Seed$425K2015-09-05$2.4M$18.0M85%
Pre-Seed$425K2015-09-05$2.4M$18.0M85%
Seed$1.5M2015-09-05$7.6M$52.0M85%
Pre-Seed$350K2015-09-05$1.9M$14.8M85%
Pre-Seed$350K2015-09-05$1.9M$14.8M85%
Pre-Seed$150K2016-06-24$833K$6.4M85%
Seed$175K2016-06-24$875K$6.0M90%
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. Pre-Seed$425K2015-09-05
    • First recorded raise — entered as Pre-Seed.
    • 4 investors on this round.
  2. Pre-Seed$425K2015-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 8 investors on this round.
  3. Seed$1.5M2015-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.6× larger than the prior — scaling up.
    • 24 investors on this round.
  4. Pre-Seed$350K2015-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 4.4× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  5. Pre-Seed$350K2015-09-05
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 4 investors on this round.
  6. Pre-Seed$150K2016-06-24
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  7. Seed$175K2016-06-24
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 2 investors on this round.
Intelligence
2016 ~Q3
Modeled next raise · ~2mo cadence
$204K
Modeled next size est.range $175K$327K
1.2×
Last step-up
$2.1M/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
Alex Philp1 other2015-09
Bernard Hansen1 other2015-09
John Ballantine1 other2016-06
Michele Kang1 other2016-06
Steve Barham1 other2015-09
Abraham Kim2016-06
Jay Henry2015-09
Nicholas Bedbury2016-06
Samuel Camarata2015-09
Scott Bedbury2015-09
Registry & provenance

Upstream Research 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
1653220
SEC CIK
2015
Incorporated
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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.

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Frequently asked
How much funding has Upstream Research Inc. raised?
Upstream Research Inc. has raised approximately $1.7M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Upstream Research Inc.'s estimated valuation?
Provath's modeled valuation for Upstream Research Inc. is approximately $6.0M (modeled range $154K–$46.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Upstream Research Inc. at?
Upstream Research Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Fri Jun 24.
What does Upstream Research Inc. do and where is it based?
Upstream Research Inc. operates in the Other Technology sector, based in Bainbridge Island.
Explore related

See where Upstream Research 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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