Companies · Software / Tech

Ursa Space Systems Inc.

Ithaca · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Ursa Space Systems Inc. — recommendation, valuation, rhythm, risks.
$65.9M
Total raised · real
12
Rounds
0.2×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Mon Aug 12 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Ursa Space Systems Inc. looks under-valued against its niche peers and is quiet 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 0.05× the median modeled value of Series B Software / Tech companies in 2022–2024 (174 peers) — value vs value, same stage and era.
Quiet
  • Last raise 23 mo ago; this sector typically re-raises about every 13 months.
  • Slightly overdue versus sector 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 Software / Tech

Ursa Space Systems Inc. is one of 3920 Software / Tech companies tracked from Ithaca. By capital raised it ranks among the largest (ahead of 93% 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
Rule 506(b)
Reg D exemption
4
Investors (latest)
2024-08-12
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$125M$250M$375M$500MPre-Seed · 2015-10-30 Raised $250K (real) Modeled valuation $11M (est)Pre-Seed2015Pre-Seed · 2016-06-06 Raised $104K (real) Modeled valuation $4.4M (est)Pre-Seed2016Pre-Seed · 2016-12-15 Raised $650K (real) Modeled valuation $28M (est)Pre-Seed2016Series A · 2017-10-10 Raised $6.9M (real) Modeled valuation $192M (est)Series A2017Series A · 2018-06-22 Raised $5.4M (real) Modeled valuation $151M (est)Series A2018Seed · 2019-05-20 Raised $1.5M (real) Modeled valuation $51M (est)Seed2019Series A · 2019-05-20 Raised $2.8M (real) Modeled valuation $79M (est)Series A2019Series B · 2019-09-04 Raised $15M (real) Modeled valuation $457M (est)Series B2019Series A · 2019-09-04 Raised $13M (real) Modeled valuation $349M (est)Series A2019Series B · 2021-05-04 Raised $6.9M (real) Modeled valuation $156M (est)Series B2021Series B · 2022-03-10 Raised $16M (real) Modeled valuation $272M (est)Series B2022Series B · 2023-03-06 Raised $4.0M (real) Modeled valuation $48M (est)Series B2023Series B · 2024-01-22 Raised $6.2M (real) Modeled valuation $54M (est)Series B2024Series B · 2024-08-12 Raised $1.3M (real) Modeled valuation $9.5M (est)Series B2024Cumulative $80M

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$250K · 2015
Pre-Seed extension$104K · 2016
Pre-Seed extension$650K · 2016
Series A$6.9M · 2017no Seed on file
Series A extension$5.4M · 2018
Bridge · Series A-stage$1.5M · 2019smaller follow-on
Series A extension$2.8M · 2019
Series B$15.0M · 2019
Bridge · Series B-stage$12.6M · 2019smaller follow-on
Series B extension$6.9M · 2021
Series B extension$16.1M · 2022
Series B extension$4.0M · 2023
Series B extension$6.2M · 2024
Series B extension$1.3M · 2024

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

Modeled valuation trajectory
$9.5M
Base estimate est.
$3.2M
Conservative case
$16.6M
Upside case
$7.3M
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.

Pre-Seed · modeled $10.6M · 2015-10-302015Pre-Seed · modeled $4.4M · 2016-06-06Pre-Seed · modeled $27.5M · 2016-12-15Series A · modeled $192.4M · 2017-10-10Series A · modeled $151.2M · 2018-06-22Seed · modeled $51.1M · 2019-05-20Series A · modeled $78.5M · 2019-05-20Series B · modeled $457.1M · 2019-09-04Series A · modeled $349.4M · 2019-09-04Series B · modeled $156.4M · 2021-05-04Series B · modeled $271.6M · 2022-03-10Series B · modeled $48.1M · 2023-03-06Series B · modeled $54.1M · 2024-01-22Series B · modeled $9.5M · 2024-08-122024
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
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$7.5M/yr
Capital velocity
10.7 yr
On record since
2015
First round
14
Rounds on file
How it compares to the market

Benchmarked against 3920 companies in Software / Tech. 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) 14× above median
This company$65.9M
Sector median$4.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.1× of median
This company$1.3M
Sector median$19.9M
Modeled value — vs sector median (estimate, all stages) 0.3× of median
This company$9.5M
Sector median$36.6M

Raised more than 93% of sector peers (real $). Modeled value above 25% 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 #167 of 174.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Argyle Systems Inc. · Series B Raised $36.7M · modeled $595.9M (est)Shoreline Software, Inc. · Series B Raised $57.0M · modeled $584.1M (est)ALICE Technologies, Inc. · Series B Raised $59.6M · modeled $544.6M (est)Tint Technologies Inc. · Series B Raised $29.6M · modeled $528.0M (est)Vanilla Technologies Inc. · Series B Raised $49.3M · modeled $496.3M (est)Red Team Software, LLC · Series B Raised $28.3M · modeled $494.1M (est)LongPath Technologies, Inc. · Series B Raised $39.8M · modeled $488.3M (est)SmartX Technology Solutions Inc. · Series B Raised $42.0M · modeled $488.2M (est)On Demand Technologies, Inc. · Series B Raised $54.9M · modeled $441.5M (est)Meow Technologies Inc. · Series B Raised $28.1M · modeled $439.9M (est)Paytient Technologies, Inc. · Series B Raised $53.9M · modeled $436.5M (est)Trunk Technologies, Inc. · Series B Raised $28.5M · modeled $429.4M (est)Ursa Space Systems Inc. (this company) Raised $65.9M · modeled $9.5M (est)Ursa Space Systems Inc.
CompanyStageRaised · realValue · estvs peer med.
Argyle Systems Inc.Series B$36.7M$595.9M2.91×
Shoreline Software, Inc.Series B$57.0M$584.1M2.85×
ALICE Technologies, Inc.Series B$59.6M$544.6M2.66×
Tint Technologies Inc.Series B$29.6M$528.0M2.58×
Vanilla Technologies Inc.Series B$49.3M$496.3M2.42×
Red Team Software, LLCSeries B$28.3M$494.1M2.41×
LongPath Technologies, Inc.Series B$39.8M$488.3M2.38×
SmartX Technology Solutions Inc.Series B$42.0M$488.2M2.38×
On Demand Technologies, Inc.Series B$54.9M$441.5M2.15×
Meow Technologies Inc.Series B$28.1M$439.9M2.15×
Paytient Technologies, Inc.Series B$53.9M$436.5M2.13×
Trunk Technologies, Inc.Series B$28.5M$429.4M2.10×
Ursa Space Systems Inc. this companySeries B$65.9M$9.5M0.05×
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$250K2015-10-30$1.4M$10.6M85%
Pre-Seed$104K2016-06-06$577K$4.4M85%
Pre-Seed$650K2016-12-15$3.6M$27.5M90%
Series A$6.9M2017-10-10$31.5M$192.4M90%
Series A$5.4M2018-06-22$24.8M$151.2M90%
Seed$1.5M2019-05-20$7.5M$51.1M90%
Series A$2.8M2019-05-20$12.9M$78.5M90%
Series B$15.0M2019-09-04$83.4M$457.1M90%
Series A$12.6M2019-09-04$57.3M$349.4M90%
Series B$6.9M2021-05-04$38.3M$156.4M90%
Series B$16.1M2022-03-10$89.7M$271.6M90%
Series B$4.0M2023-03-06$22.5M$48.1M90%
Series B$6.2M2024-01-22$34.5M$54.1M90%
Series B$1.3M2024-08-12$7.3M$9.5M90%
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$250K2015-10-30
    • First recorded raise — entered as Pre-Seed.
    • 3 investors on this round.
  2. Pre-Seed$104K2016-06-06
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  3. Pre-Seed$650K2016-12-15
    • Came back fast: 6 mo vs the ~13 mo sector norm.
    • Round 6.3× larger than the prior — scaling up.
    • 1 investor on this round.
  4. Series A$6.9M2017-10-10
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 10.7× larger than the prior — scaling up.
    • 16 investors on this round.
  5. Series A$5.4M2018-06-22
    • Raised 8 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 5 investors on this round.
  6. Seed$1.5M2019-05-20
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  7. Series A$2.8M2019-05-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 12 investors on this round.
  8. Series B$15.0M2019-09-04
    • Came back fast: 4 mo vs the ~13 mo sector norm.
    • Round 5.3× larger than the prior — scaling up.
    • 19 investors on this round.
  9. Series A$12.6M2019-09-04
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 17 investors on this round.
  10. Series B$6.9M2021-05-04
    • Raised again after 20 mo — slower than the ~13 mo sector norm.
    • Round 1.8× smaller than the prior — bridge or down round.
    • 14 investors on this round.
  11. Series B$16.1M2022-03-10
    • Raised 10 mo later, in step with the ~13 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 12 investors on this round.
  12. Series B$4.0M2023-03-06
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 4.0× smaller than the prior — bridge or down round.
    • 21 investors on this round.
  13. Series B$6.2M2024-01-22
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round 1.5× larger than the prior — scaling up.
    • 24 investors on this round.
  14. Series B$1.3M2024-08-12
    • Came back fast: 7 mo vs the ~13 mo sector norm.
    • Round 4.7× smaller than the prior — bridge or down round.
    • 4 investors on this round.
Intelligence
2025 ~Q2
Modeled next raise · ~8mo cadence
$1.3M
Modeled next size est.range $1.3M$2.1M
0.2×
Last step-up
$7.5M/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
Mark Spoto7 other2021-05
William Porteous5 other2024-01
Christopher Steed4 other2021-05
Daniel Freeman3 other2023-03
Tom Edwards2 other2021-05
Nicole Robinson1 other2021-05
Paul Graziani1 other2021-05
Adam J. Maher2015-10
Adam Maher2021-05
Christopher J. Steed2018-06
Derek J. Edinger2018-06
Julie Baker2021-05
Julie J. Baker2018-06
Mark J. Spoto2019-09
Tom J. Edwards2019-05
William J. Porteous2018-06
William Porteaus2021-05
Registry & provenance

Ursa Space Systems 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
1658448
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
X-Bow Launch Systems Inc.Software / TechSeries C$92.5M$36.8Mnetwork1 shared operator · same sector
908 Devices Inc.Other TechnologySeries B$68.2M$533.0Mnetwork1 shared operator · same stage
Lightyear Acquisition Company, LLCOtherSeries B$68.7M$66.5Mnetwork1 shared operator · same stage
AgEagle Aerial Systems Inc.Software / TechSeries B$48.4M$8.4Msame sector · same stage
Cargo Systems Inc.Software / TechSeries B$37.0M$11.1Msame sector · same stage
Wallaroo Labs, Inc.Software / TechSeries B$35.0M$8.1Msame sector · same stage
ABXR Labs, Inc.Software / TechSeries B$34.6M$6.8Msame sector · same stage
SocialTrendly, Inc.Other TechnologySeries B$45.8M$181.4Mnetwork1 shared operator · same stage
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.

CompanySectorStageValue · estMatch
Ursa Major Technologies, Inc.Software / TechSeries B$383.9M87%
Astranis Space Technologies Corp.Software / TechSeries D+$7.4B83%
Orbion Space Technology, Inc.Software / TechSeries B$121.7M82%
Wisa Technologies, Inc.Software / TechSeries C$185.2M82%
State Space Labs, Inc.Software / TechSeries C$120.2M82%
Benchmark Space Systems, Inc.Software / TechSeries B$12.9M82%
Ulterius Aviation, LLCSpace / AerospaceSeed$70.0M81%
Pixxel Space Technologies, Inc.Software / TechSeries B$32.7M81%
Frequently asked
How much funding has Ursa Space Systems Inc. raised?
Ursa Space Systems Inc. has raised approximately $65.9M in disclosed capital across 12 recorded financing rounds, aggregated from public filings.
What is Ursa Space Systems Inc.'s estimated valuation?
Provath's modeled valuation for Ursa Space Systems Inc. is approximately $9.5M (modeled range $3.2M–$16.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Ursa Space Systems Inc. at?
Ursa Space Systems Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Mon Aug 12.
What does Ursa Space Systems Inc. do and where is it based?
Ursa Space Systems Inc. operates in the Software / Tech sector, based in Ithaca.
Explore related

See where Ursa Space Systems 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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