Companies · Software / Tech

Workstream Technologies, Inc.

San Francisco · Software / Tech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Workstream Technologies, Inc. — recommendation, valuation, rhythm, risks.
$107.9M
Total raised · real
2
Rounds
1.2×
Latest step-up
Top 5%
Sector rank · raised
Series C
Latest stage · inferred · Tue Jul 05 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Workstream Technologies, Inc. looks over-valued against its niche peers and is at-risk 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.

Over-valued
  • Modeled value is 1.60× the median modeled value of Series C Software / Tech companies in 2022–2024 (55 peers) — value vs value, same stage and era.
At-risk
  • Last raise 4.0 yr ago; this sector typically re-raises about every 13 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
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

Workstream Technologies, Inc. is one of 3920 Software / Tech companies tracked from San Francisco. By capital raised it ranks among the largest (ahead of 96% of sector peers), and among the largest 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
63
Investors (latest)
2022-07-05
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$500M$1.0B$1.5B$2.0BSeries C · 2021-07-22 Raised $48M (real) Modeled valuation $1.1B (est)$48M$1.1BSeries C2021Series C · 2022-07-05 Raised $60M (real) Modeled valuation $1.0B (est)$60M$1.0BSeries C2022+$60MCumulative $108M

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
Series C$48.0M · 2021
Series C extension$59.9M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 20%.

Modeled valuation trajectory
$1.0B
Base estimate est.
$227.2M
Conservative case
$2.0B
Upside case
$399.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the technology sector profile. Directional, not a quoted figure.

Series C · modeled $1.1B · 2021-07-222021Series C · modeled $1.0B · 2022-07-052022
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
76%
Survival probability
57% low · 88% high
1.35×/yr
Annual markup
1.55×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
technology
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
11 mo
Avg between rounds
$113.3M/yr
Capital velocity
4.9 yr
On record since
2021
First round
2
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) 23× above median
This company$107.9M
Sector median$4.6M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.2× above median
This company$59.9M
Sector median$51.0M
Modeled value — vs sector median (estimate, all stages) 28× above median
This company$1.0B
Sector median$36.6M

Raised more than 96% of sector peers (real $). Modeled value above 95% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) 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 #9 of 55.

This companyCohort peer
$100.0M$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Pinecone Systems, Inc. · Series C Raised $128.2M · modeled $1.4B (est)Hydration Labs, Inc. · Series C Raised $135.0M · modeled $1.3B (est)SiMa Technologies, Inc. · Series C Raised $167.8M · modeled $1.3B (est)Atlas Technology Solutions Inc. · Series C Raised $95.0M · modeled $1.2B (est)Pascaline Systems, Inc. · Series C Raised $106.0M · modeled $1.2B (est)Innovative Data Processing Solutions LLC · Series C Raised $60.0M · modeled $1.2B (est)Dura Software, Inc. · Series C Raised $101.1M · modeled $1.1B (est)Voyager Digital Ltd. · Series C Raised $145.4M · modeled $1.1B (est)Parry Labs Holdings, LLC · Series C Raised $90.7M · modeled $995.0M (est)Mobix Labs, Inc · Series C Raised $100.0M · modeled $990.0M (est)Databook Labs, Inc. · Series C Raised $71.4M · modeled $968.9M (est)Workstream Technologies, Inc. (this company) Raised $107.9M · modeled $1.0B (est)Workstream Technologies, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pinecone Systems, Inc.Series C$128.2M$1.4B2.12×
Hydration Labs, Inc.Series C$135.0M$1.3B1.99×
SiMa Technologies, Inc.Series C$167.8M$1.3B1.96×
Atlas Technology Solutions Inc.Series C$95.0M$1.2B1.89×
Pascaline Systems, Inc.Series C$106.0M$1.2B1.83×
Innovative Data Processing Solutions LLCSeries C$60.0M$1.2B1.82×
Dura Software, Inc.Series C$101.1M$1.1B1.78×
Voyager Digital Ltd.Series C$145.4M$1.1B1.67×
Workstream Technologies, Inc. this companySeries C$107.9M$1.0B1.60×
Parry Labs Holdings, LLCSeries C$90.7M$995.0M1.56×
Mobix Labs, IncSeries C$100.0M$990.0M1.55×
Databook Labs, Inc.Series C$71.4M$968.9M1.52×
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.
Series C$48.0M2021-07-22$319.9M$1.1B90%
Series C$59.9M2022-07-05$399.7M$1.0B90%
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. Series C$48.0M2021-07-22
    • First recorded raise — entered as Series C.
    • 47 investors on this round.
  2. Series C$59.9M2022-07-05
    • Raised 11 mo later, in step with the ~13 mo sector norm.
    • Round roughly the size of the prior one.
    • 63 investors on this round.
Intelligence
2023 ~Q2
Modeled next raise · ~11mo cadence
$74.9M
Modeled next size est.range $59.9M$119.8M
1.2×
Last step-up
$113.3M/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
Keith Rabois24 other2021-07
Huang Hui Lim2021-07
Lei Xu2021-07
Ruoyu Wang2021-07
Registry & provenance

Workstream Technologies, 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
1876746
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
Indie Technologies, Inc.Software / TechSeries C$105.7M$444.6Mnetwork1 shared operator · same sector · same stage
Miami Labs, Inc.Software / TechSeries C$137.0M$525.2Mnetwork1 shared operator · same sector · same stage
Applause App Quality, Inc.Software / TechSeries C$106.1M$1.1Bsame sector · same stage
Pascaline Systems, Inc.Software / TechSeries C$106.0M$1.2Bsame sector · same stage
Check Technologies, Inc.Software / TechSeries C$110.0M$1.5Bsame sector · same stage
Under Technologies, Inc.Software / TechSeries C$104.7M$1.6Bsame sector · same stage
Financial Insight Technology, Inc.Software / TechSeries C$103.2M$1.5Bsame sector · same stage
Cicero Technologies, Inc.Software / TechSeries C$103.0M$473.5Msame 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
BuildStream Technologies Inc.Software / TechPre-Seed$17.0M89%
Onestream Software LlcSoftware / TechSeries D+$5.2B89%
Stream Systems LlcSoftware / TechPre-Seed$4.3M88%
Stream.io, Inc.Software / TechSeries B$739.4M87%
StreamLink Software Inc.Software / TechSeries A$148.0M87%
StreamSource Technoloiges, Inc.Other TechnologySeries A$39.5M86%
Worksphere Technologies, Inc.Software / TechPre-Seed$11.8M85%
Streame, LLCOther TechnologyPre-Seed$25.4M85%
Frequently asked
How much funding has Workstream Technologies, Inc. raised?
Workstream Technologies, Inc. has raised approximately $107.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Workstream Technologies, Inc.'s estimated valuation?
Provath's modeled valuation for Workstream Technologies, Inc. is approximately $1.0B (modeled range $227.2M–$2.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Workstream Technologies, Inc. at?
Workstream Technologies, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Tue Jul 05.
What does Workstream Technologies, Inc. do and where is it based?
Workstream Technologies, Inc. operates in the Software / Tech sector, based in San Francisco.
Explore related

See where Workstream Technologies, 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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