ADASTEC Corp.
PrivateLast Round
VC Round
Jul 11, 2025
Est. Valuation
$152.8M
Total Funding Raised
$1.35M
Momentum
Top 10%
of companies Caplight tracks
Company Overview
ADASTEC Corp. is a software company that provides flowride.ai, a SAE Level-4 automated driving software platform for full-sized public transit buses and commercial vehicles.
Sector
Mobility, Transportation & Logistics
Verticals
Autonomous Vehicles, Public Transit, Computer Vision
Business Model
B2B
Customer Profile
Hardware Sales, Subscription SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
ADASTEC Corp. Comps
Public and private peers based on sector, stage, and business model.
| Company | Status | Est. Valuation | Rev Multiple |
|---|---|---|---|
| OpenAI | Private | $86.0B | ~40x |
| Cohere | Private | $5.0B | -- |
| Competitor 1 | Public | $XX.XB | XXx |
| Competitor 2 | Public | $XX.XB | XXx |
ADASTEC Corp. Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| VC Round | Jul 11, 2025 | ||||
| Grant | Jul 29, 2024 | ||||
| Seed | Mar 19, 2024 | ||||
| Debt | Jun 22, 2023 | ||||
| Grant | May 7, 2020 |
Key People
Founding team and executive leadership
ADASTEC Corp. Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| National Park Service | Grant |
| Michigan Department of Transportation | Grant |
| SeedBlink | Debt |
| APY Ventures | Seed |
| Michigan Economic Development Corporation | Grant |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 28, 2026
Partnered with MAN Truck & Bus for autonomous electric bus trials in Germany.
- Apr 8, 2026
Completed a six-month project with RATP Group for autonomous vehicle technology.
ADASTEC Corp. Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about ADASTEC Corp.'s valuation, stock price, and market status.