Diligence memo · auto-generated · as of July 2, 2026

X9, Inc.

X9, Inc. looks fair against its niche peers and is active on financing cadence.

SourceRaising on rhythm with a 1.7× step-up on the last round — momentum worth tracking before it's priced in.

Businessfiled

X9, Inc. operates in Other, based in WALLINGFORD.

Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

X9, Inc. has raised $14M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $8.6M on 2025-11-24.

Most recent recorded round closed around 2025-11-24.

Valuation (modeled)modeled

Provath models X9, Inc. at approximately $26M (range $12M–$40M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 1.33× the median modeled value of Series A Other companies in 2025–2027 (487 peers) — value vs value, same stage and era. Within the normal band (133% of peer median) for its niche.

Financing rhythm & timingmixed

Historic cadence: a new round about every 36 months.

Last raise 7 mo ago; this sector typically re-raises about every 11 months.

Raising on or ahead of the sector's normal rhythm.

The last round stepped up 1.7× from the prior — scaling.

Comparablesmixed

Capital scale ranks ahead of 81% of Other peers (25015 compared).

Modeled value ranks above 60% of those peers.

Closest niche peers: Sea Court GP, LLC, Kastle Biopartners II LP, Econic Investment LLC, DCFC Holdings, LLC, HeadVantage Corp.

Peoplefiled

8 named people on file across officers, directors and signatories.

Risks & flagsmixed

Broad sector classification weakens peer comparison.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.