Individual InvestorsEmployee Shareholders Institutional InvestorsPrivate Companies Accredited InvestorsSeed & Angel InvestorsAsset Managers & Hedge FundsFamily OfficesVenture Capital FirmsWealth Managers & RIAsWho We Serve Trading Data Liquidity Programs Retirement Individual InvestingForge MarketplaceFind new private company investment opportunities​Browse CompaniesInstitutional TradingForge ProTrade private companies with Forge’s institutional brokerage tool​Forge PriceA proprietary indicative price, calculated daily, for approximately 200 pre-IPO companiesForge DataAnalyze private markets via Forge’s intuitive web application​Forge Private Market Index​Monitor a benchmark for actively traded private companies ​Forge Accuidity Private Market Index​Invest in an institutionally-managed diversified basket of private companies (QPs only)​Liquidity ProgramsRetain and reward employees with company-sponsored liquidity solutions like tender offers and customized programsSelf-Directed IRAForge TrustInvest in private companies and other alternative assets through a tax-advantaged Self-Directed IRAWhat We Do All insights Reports and highlights News and trends Private market education Tips and tutorials Forge Investment OutlookPrivate Market UpdatesIPO calendarPrivate Magnificent 7Emerging trendsPrivate company newsUpcoming IPOsAll guidesPrivate market basicsPrivate shares transactionsValuations, pricing and market trendsSelling in the private marketFAQsGlossaryCompany page and tradesProof of ownershipBid and ask submissionsForge fund offeringsInsights About UsLeadershipInvestor RelationsPeople & CultureCareers About
Log InSign Up
Who We Serve
What We Do
Insights
About
Who We Serve
Individual Investors
Institutional Investors
What We Do
Trading
Individual Investing
Institutional Trading
Data
Liquidity Programs
Retirement
Self-Directed IRA
Insights
Reports and highlights
News and trends
Private market education
Tips and tutorials
About
Log In
Sign Up
Secondary marketplace / Explore private companies / Rhombus Systems IPO
Rhombus Systems

Rhombus Systems IPO

$368.14MM
Series C Valuation, Jul 2024
Buy And Sell Rhombus Systems StockLearn More About Rhombus Systems StockAdd To Watchlist
Register for details
For more details on financing and valuation for Rhombus Systems, register or log in.
Please provide a valid email address.
By registering, you agree to Forge’s Terms of Use. Already registered? Log In

Rhombus Systems IPO date and status

2017
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Rhombus Systems develops enterprise security cameras, utilizing artificial intelligence tools that offer cloud-based, plug-and-play cameras over Wi-Fi or Ethernet. The features include facial biometrics, people analytics and IT integrations, enabling enterprises to share footage and aims to bolster security measures. Rhombus Systems was founded in 2016 by Garrett Larsson and Omar Khan and is headquartered in Sacramento, CA.
rhombus.com
Sector
Technology Hardware
Subsector
Computing Hardware
Founded
2017
Headquarters
San Francisco, CA, United States
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Get Full Access
Post-Money Valuation 3
$368.14MM
Total Funding
$91.48MM
Last Funding Round
Series C

Learn more about Rhombus Systems

To invest in Rhombus Systems pre-IPO

Can you invest in Rhombus Systems pre-IPO?

Rhombus Systems is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?”

Can you sell shares of Rhombus Systems before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Rhombus Systems is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Rhombus Systems shares?

To explore the value of your Rhombus Systems shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Rhombus Systems a publicly traded company?

Rhombus Systems is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Rhombus Systems potential IPO

Will Rhombus Systems go IPO?

Rhombus Systems has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Rhombus Systems’ IPO price?

The Rhombus Systems IPO price does not exist at this time, as Rhombus Systems is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Rhombus Systems, register for Forge today.

When was Rhombus Systems founded?

Rhombus Systems was founded in 2017.

What is Rhombus Systems funding to date?

Rhombus Systems has raised $91.48MM to date.

Rhombus Systems major investors

Cota Capital
Lemnos
Nightdragon
Olima Ventures
Portfolia
Promus Ventures
Tru Arrow Partners
Uncorrelated Ventures
Show All InvestorsShow Fewer Investors

Rhombus Systems pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
07/30/2024 Series C $45MM $8.86 $368.14MM Bluestone Equity Partners, Caden Capital, Cota Capital, Nightdragon, Tru Arrow Partners, Uncorrelated Ventures
Price per Share
$ xx.xx
Shares Outstanding
5,081,588
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bluestone Equity Partners, Caden Capital, Cota Capital, Nightdragon, Tru Arrow Partners, Uncorrelated Ventures
02/27/2024 Series B $14.29MM $4.90 $187.53MM Caden Capital, Cota Capital, Tru Arrow Partners, Uncorrelated Ventures
Price per Share
$ xx.xx
Shares Outstanding
2,917,046
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caden Capital, Cota Capital, Tru Arrow Partners, Uncorrelated Ventures
02/27/2024 Series A-1 $12.75MM $4.01 $187.53MM Caden Capital, Cota Capital, Tru Arrow Partners, Uncorrelated Ventures
Price per Share
$ xx.xx
Shares Outstanding
3,181,112
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Caden Capital, Cota Capital, Tru Arrow Partners, Uncorrelated Ventures
10/21/2021 Series A $9.93MM $2.52 $82.01MM Cota Capital, Lemnos, Msd Partners, Promus Ventures
Price per Share
$ xx.xx
Shares Outstanding
3,945,642
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cota Capital, Lemnos, Msd Partners, Promus Ventures
03/01/2020 Series Seed-4 $6.41MM $1.22 $37.02MM Sharon Wienbar, Suresh Batchu, Tim Lee, Uncorrelated Ventures
Price per Share
$ xx.xx
Shares Outstanding
5,247,279
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sharon Wienbar, Suresh Batchu, Tim Lee, Uncorrelated Ventures
09/10/2018 Series Seed-1 $2.25MM $0.88 $16.87MM Lemnos, Michael Stoppelman, Portfolia, Promus Ventures
Price per Share
$ xx.xx
Shares Outstanding
2,562,343
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lemnos, Michael Stoppelman, Portfolia, Promus Ventures
09/10/2018 Series Seed-2 $271,998.87 $0.70 $16.87MM Lemnos, Michael Stoppelman, Portfolia, Promus Ventures
Price per Share
$ xx.xx
Shares Outstanding
387,187
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lemnos, Michael Stoppelman, Portfolia, Promus Ventures
09/10/2018 Series Seed-3 $569,997.89 $0.64 $16.87MM Lemnos, Michael Stoppelman, Portfolia, Promus Ventures
Price per Share
$ xx.xx
Shares Outstanding
892,714
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lemnos, Michael Stoppelman, Portfolia, Promus Ventures

Rhombus Systems IPO news and media highlights

FinSMEs 07/31/2024

Rhombus Raises $45M in Series C Funding

Rhombus, a Sacramento, CA-based leader in cloud-managed physical security, raised $45m in Series C funding. The round, which brought total funding raised to over $90m, was led by NightDragon, with participation from Bluestone Equity Partners, and existing investors Caden Capital, Cota Capital, Tru Arrow Partners, and Uncorrelated Ventures. NightDragon Managing Director Morgan Kyauk will join the Rhombus Board of Directors.
PR Newswire 03/19/2024

Rhombus Named Among Fastest-Growing Companies in the Pacific by Inc. Regionals

Rhombus, a leader in cloud-managed physical security solutions, is thrilled to announce its recognition as one of the fastest-growing companies in the Pacific region by Inc. Magazine. This honor highlights Rhombus' dedication to innovation and excellence and impact on the security technology landscape. Rhombus is proud to continue pushing boundaries and setting new standards for safety and surveillance.
PR Newswire 02/27/2024

Rhombus Secures $26M+ in funding to Propel Cloud-Managed Physical Security Innovation

Rhombus, a leader in cloud-managed physical security, is excited to announce securing $26M+ in equity investments co-led by Tru Arrow and Cota Capital, and $17M in debt financing from Silicon Valley Bank, with existing investors Caden Capital and Uncorrelated Capital participating. With over 100,000 cameras, sensors, and access control devices deployed, Rhombus is proud to protect over 30,000 locations across the globe.
PR Newswire 05/18/2023

Rhombus Launches B10 Smart Button with Panic and All-Purpose Modes for Enhanced Physical Security

Rhombus, a leader in cloud-managed physical security solutions, has announced the release of its latest product, the B10 Smart Button, at the Cota Connect summit in San Francisco, hosted by Rhombus investor Cota Capital. The B10 is a discreet and programmable button that comes with two modes: Panic and All-Purpose, making it a versatile solution for enhancing physical security in both emergency situations and on a day-to-day basis.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Technology Hardware
Subsector: Computing Hardware
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
CerebrasCerebras$104.32 -$0.68 (0.65%)$ xx.xxSeries H$23B$89.02$1.01B
QuantinuumQuantinuumNot available$ xx.xxNot available------
See Tech IPO Calendar

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

Actively traded

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
SpaceX SpaceX $550.00 +$102.77 (22.98%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
See All Actively Traded Companies

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
Figure AI Figure AI $174.00 -$20.00 (10.31%)Limited $xxx.xx
See All AI Companies

Forge, your trusted partner for pre-IPO insights and Rhombus Systems data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Register

Updated on: Jul 16, 2025

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

  1. Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company. The dollar-figure and percentage displayed indicates the per share change in dollar amount and percentage since the most recent Forge Price change. Percentages are rounded to the nearest whole number.
  2. Market activity indicates the level of activity for a company based on recent IOIs, secondary transactions, and pending transactions on Forge.
  3. Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
  4. Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.
  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.

The news articles displayed on this page may be curated using artificial intelligence (AI) technology, which selects relevant content from a list of trusted web sources. While we strive for accuracy and reliability, the inclusion of an article does not imply endorsement or verification of its content. This communication is for informational purposes only. Investors should conduct their own research and consult a financial professional before making investment decisions.

Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.