Diligence memo · auto-generated · as of July 2, 2026
Watershed Technology, Inc.
Watershed Technology, Inc. looks under-valued against its niche peers and is active on financing cadence.
Businessfiled
Watershed Technology, Inc. operates in Software / Tech, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Watershed Technology, Inc. has raised $115M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $100M on 2024-01-22.
Most recent recorded round closed around 2025-12-22.
Valuation (modeled)modeled
Provath models Watershed Technology, Inc. at approximately $115M (range $81M–$135M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.08× the median modeled value of Series D+ Software / Tech companies in 2025–2027 (22 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 23 months.
Last raise 6 mo ago; this sector typically re-raises about every 13 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 6.9× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 96% of Software / Tech peers (3920 compared).
Modeled value ranks above 74% of those peers.
Closest niche peers: Saronic Technologies, Inc., Mercor.io Corp, Clearwater Analytics Holdings, Inc., Mercury Technologies, Inc., Bitmine Immersion Technologies, Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.