Private Market View

Phase Change

Lakewood, CO · Founded 2005 · Privately Held (backing)

Last price · $/share
Implied valuation
Total raised
$42.0M
Last round

Key facts

  • It has raised $42.0M; the latest was Later Stage VC ($10K) in Jan 2026.
  • Notable investors include Tandem Global Partners, U.S. Department of Health and Human Services.
  • Status: Privately Held (backing).
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Funding rounds

No rounds on record

No funding rounds for Phase Change are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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About Phase Change

Developer of a symbolic artificial intelligence platform designed to interpret and analyze legacy enterprise systems. The company's platform offers deterministic reasoning, knowledge graph mapping, and traceable code analysis, enabling enterprises operating legacy systems to understand business logic and manage system changes.

Sector
Information Technology
HQ
Lakewood, CO, United States
Founded
2005
Employees
34
Ownership
Privately Held (backing)
PA Mark — not yet priced

Phase Change doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.

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Recorded secondary trades

No prints on record

No secondary trades in Phase Change shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.

Pro members can request priority coverage with a 48-hour turnaround.

Institutional fund marks

No fund marks yet

No SEC-registered fund has reported a fair-value mark on Phase Change in its N-PORT filings yet. We sweep new filings monthly.

Pro members can request priority coverage with a 48-hour turnaround.