Companies · Software / Tech

WaterSmart Software, Inc.

SAN FRANCISCO · Software / Tech · refined from filed group “Other

Diligence memoA one-page analyst read on WaterSmart Software, Inc. — recommendation, valuation, rhythm, risks.
$17.2M
Total raised · real
6
Rounds
0.7×
Latest step-up
Top 24%
Sector rank · raised
Series A
Latest stage · inferred · Wed Nov 01 2017 00:00:00 GMT+0000 (Coordinated Universal Time)

WaterSmart Software, 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 0.36× the median modeled value of Series A Software / Tech companies in 2016–2018 (145 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.7 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 Software / Tech

WaterSmart Software, Inc. is one of 3920 Software / Tech companies tracked from SAN FRANCISCO. By capital raised it ranks in the upper tier (ahead of 77% of sector peers), and mid-pack 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
8
Investors (latest)
2017-11-01
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$50M$100M$150M$200MPre-Seed · 2011-05-02 Raised $900K (real) Modeled valuation $38M (est)$900K$38MPre-Seed2011Pre-Seed · 2012-05-24 Raised $945K (real) Modeled valuation $40M (est)$945K$40MPre-Seed2012Seed · 2013-08-09 Raised $3.3M (real) Modeled valuation $111M (est)$3.3M$111MSeed2013Series A · 2015-03-23 Raised $7.0M (real) Modeled valuation $194M (est)$7.0M$194MSeries A2015Series A · 2016-03-21 Raised $3.0M (real) Modeled valuation $83M (est)$3.0M$83MSeries A2016Series A · 2017-11-01 Raised $2.1M (real) Modeled valuation $60M (est)$2.1M$60MSeries A2017+$945K+$3.3M+$7.0M+$3.0M+$2.1MCumulative $17M

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$900K · 2011
Pre-Seed extension$945K · 2012
Seed$3.3M · 2013
Series A$7.0M · 2015
Series A extension$3.0M · 2016
Series A extension$2.1M · 2017

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

Modeled valuation trajectory
$59.6M
Base estimate est.
$2.9M
Conservative case
$324.3M
Upside case
$9.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $38.1M · 2011-05-022011Pre-Seed · modeled $40.0M · 2012-05-24Seed · modeled $110.8M · 2013-08-09Series A · modeled $194.2M · 2015-03-23Series A · modeled $83.2M · 2016-03-21Series A · modeled $59.6M · 2017-11-012017
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
54%
Survival probability
29% low · 74% high
1.50×/yr
Annual markup
1.89×/yr upside case
6.0 yr
Elapsed time used
8.7 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$2.7M/yr
Capital velocity
15.2 yr
On record since
2011
First round
6
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) 3.7× above median
This company$17.2M
Sector median$4.6M
Latest round — vs other Series A rounds in sector (real $, this stage) 0.4× of median
This company$2.1M
Sector median$5.6M
Modeled value — vs sector median (estimate, all stages) 1.6× above median
This company$59.6M
Sector median$36.6M

Raised more than 77% of sector peers (real $). Modeled value above 62% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) 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 #124 of 145.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Akoustis Technologies, Inc. · Series A Raised $55.1M · modeled $416.1M (est)O(1) Labs, LLC · Series A Raised $15.0M · modeled $416.1M (est)Canvas Technology, Inc. · Series A Raised $15.0M · modeled $416.1M (est)Radiance Technologies, Inc. · Series A Raised $14.7M · modeled $407.6M (est)Imagen Technologies, Inc. · Series A Raised $19.3M · modeled $397.3M (est)Orchestra Software, Inc. · Series A Raised $14.0M · modeled $389.5M (est)SportsMEDIA Technology Corp · Series A Raised $26.3M · modeled $384.1M (est)Eden Technologies Inc. · Series A Raised $14.5M · modeled $369.3M (est)Dharma Platform, Inc. · Series A Raised $13.0M · modeled $361.4M (est)Quotient Technology Inc. · Series A Raised $14.0M · modeled $360.6M (est)Emogi Technologies, Inc. · Series A Raised $15.3M · modeled $354.5M (est)Breathe Technologies Inc · Series A Raised $20.0M · modeled $353.7M (est)WaterSmart Software, Inc. (this company) Raised $17.2M · modeled $59.6M (est)WaterSmart Software, Inc.
CompanyStageRaised · realValue · estvs peer med.
Akoustis Technologies, Inc.Series A$55.1M$416.1M2.49×
O(1) Labs, LLCSeries A$15.0M$416.1M2.49×
Canvas Technology, Inc.Series A$15.0M$416.1M2.49×
Radiance Technologies, Inc.Series A$14.7M$407.6M2.44×
Imagen Technologies, Inc.Series A$19.3M$397.3M2.38×
Orchestra Software, Inc.Series A$14.0M$389.5M2.33×
SportsMEDIA Technology CorpSeries A$26.3M$384.1M2.30×
Eden Technologies Inc.Series A$14.5M$369.3M2.21×
Dharma Platform, Inc.Series A$13.0M$361.4M2.16×
Quotient Technology Inc.Series A$14.0M$360.6M2.16×
Emogi Technologies, Inc.Series A$15.3M$354.5M2.12×
Breathe Technologies IncSeries A$20.0M$353.7M2.12×
WaterSmart Software, Inc. this companySeries A$17.2M$59.6M0.36×
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$900K2011-05-02$5.0M$38.1M85%
Pre-Seed$945K2012-05-24$5.2M$40.0M85%
Seed$3.3M2013-08-09$16.3M$110.8M85%
Series A$7.0M2015-03-23$31.8M$194.2M85%
Series A$3.0M2016-03-21$13.6M$83.2M85%
Series A$2.1M2017-11-01$9.8M$59.6M90%
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$900K2011-05-02
    • First recorded raise — entered as Pre-Seed.
    • 15 investors on this round.
  2. Pre-Seed$945K2012-05-24
    • Raised 13 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 10 investors on this round.
  3. Seed$3.3M2013-08-09
    • Raised 15 mo later, in step with the ~13 mo sector norm.
    • Round 3.4× larger than the prior — scaling up.
    • 5 investors on this round.
  4. Series A$7.0M2015-03-23
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round 2.2× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 20 investors on this round.
  5. Series A$3.0M2016-03-21
    • Raised 12 mo later, in step with the ~13 mo sector norm.
    • Round 2.3× smaller than the prior — bridge or down round.
    • 4 investors on this round.
  6. Series A$2.1M2017-11-01
    • Raised again after 19 mo — slower than the ~13 mo sector norm.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 8 investors on this round.
Intelligence
2019 ~Q1
Modeled next raise · ~16mo cadence
$2.1M
Modeled next size est.range $2.1M$3.4M
0.7×
Last step-up
$2.7M/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
Steve Westly6 other2013-08
VEERY MAXWELL6 other2017-11
Andrew Williamson5 other2012-05
Gary Kremen3 other2011-05
Steve Bennet1 other2015-03
Thomas Harvey1 other2015-03
Will Rosenzweig1 other2015-03
Andrew Donner2013-08
Henri Lambert2013-08
Peter Yolles2011-05
Robert Steiner2011-05
Robin Gilthorpe2015-03
Registry & provenance

WaterSmart Software, 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
1519325
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.

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Veda Tech Labs Inc.Software / TechSeries A$18.0M$57.2Msame sector · same stage
Revvo Technologies, Inc.Software / TechSeries A$18.0M$67.1Msame sector · same stage
Sigo Technologies Inc.Software / TechSeries A$15.7M$56.0Msame sector · same stage
Leven Labs, Inc.Software / TechSeries A$15.5M$65.5Msame sector · 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
Water Integrated Treatment Systems Holdings, LLCSoftware / TechPre-Seed$25.4M82%
Rain Technologies Inc.Software / TechSeries B$137.9M81%
Canoe Software Inc.Software / TechSeries A$327.9M81%
RAIN Technology Inc.Software / TechSeed$8.6M81%
Pond Technologies Holdings Inc.Software / TechSeed$34.2M81%
Aqueduct Software, Inc.Software / TechSeries B$99.3M81%
Store Labs, Inc.Software / TechPre-Seed$5.7M81%
Shoreline Software, Inc.Software / TechSeries B$584.7M81%
Frequently asked
How much funding has WaterSmart Software, Inc. raised?
WaterSmart Software, Inc. has raised approximately $17.2M in disclosed capital across 6 recorded financing rounds, aggregated from public filings.
What is WaterSmart Software, Inc.'s estimated valuation?
Provath's modeled valuation for WaterSmart Software, Inc. is approximately $59.6M (modeled range $2.9M–$324.3M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is WaterSmart Software, Inc. at?
WaterSmart Software, Inc.'s latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Nov 01.
What does WaterSmart Software, Inc. do and where is it based?
WaterSmart Software, Inc. operates in the Software / Tech sector, based in SAN FRANCISCO.
Explore related

See where WaterSmart Software, 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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