Mechanical Orchard is a technology company that offers AI-enhanced legacy modernization services to enterprises. Their approach involves reverse-engineering and replicating existing systems incrementally, aiming to reduce risks associated with digital transformation. Mechanical Orchard strives to help organizations transition from outdated IT infrastructures to modern, cloud-based applications without disrupting ongoing operations. This company was founded by Rob Mee and Matthew Work in 2022 and is headquartered in San Francisco, CA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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08/06/2024 | Series B | $50MM | $xx.xx | $342.99MM | GV | |
Price per Share
$xx.xx
Shares Outstanding
10,367,463
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
GV
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11/21/2023 | Series A-1 | $2MM | $xx.xx | $95MM | Emergence Capital, Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, Webb Investment Network | |
Price per Share
$xx.xx
Shares Outstanding
1,580,153
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emergence Capital, Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, Webb Investment Network
|
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11/21/2023 | Series A | $25.49MM | $xx.xx | $95MM | Emergence Capital, Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, Webb Investment Network | |
Price per Share
$xx.xx
Shares Outstanding
16,114,651
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Emergence Capital, Industry Ventures, Spider Capital, Bloomberg Beta, Cendana Capital, Webb Investment Network
|
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10/17/2022 | Series Seed | $5MM | $xx.xx | $25MM | Spider Capital, Bloomberg Beta, Cendana Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,125,059
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Spider Capital, Bloomberg Beta, Cendana Capital
|