CallRadius · ClickRadius · Signal

What the technology is worth today

An appraisal of all four products, measured on the production systems and valued the way an independent appraiser would: what it would cost to rebuild, what the business could earn, and what the market pays. One figure, with every step shown.

Valuation date 26 October 2026 · Version 2 (replaces the 22 October figure of $6.4M) · This page is updated in place
$3.86M
Appraised value of the technology and early business today: CallRadius (with its HELM expert layer), ClickRadius, CallRadius Signal and ClickRadius Signal together. Reasonable range $3.2M–$4.6M.
CallRadius, with HELMAutonomous Google Local Services Ads management$1.82M
ClickRadiusAI-search visibility: audit, fix, deploy, monitor$1.88M
CallRadius Signal$29 / $79 read-only Local Services insight, built on CallRadius$0.10M
ClickRadius Signal$29 / $79 AI-visibility reporting and guided repairs; early build$0.06M
Why this figure is lower than the 22 October $6.4M. The first version leaned on venture-capital seed valuations, which an independent appraiser would not accept as fair-market evidence for a company that hasn't raised a round. It also assumed AI tools make a rebuild only 15% cheaper. This version drops that market leg and adds an income approach (what the business could earn, weighted by likelihood). It also prices a rebuild with 2026 AI-assisted methods, deducts for features built but not yet live, and adds ClickRadius Signal. Every change is shown below.
What is being valued

Four products on one platform

All four were designed and built by Doug Brown in 2026. Both main platforms have US provisional patent applications in his name.

CallRadius
$1.82M
Live · early revenue

Runs Google Local Services Ads accounts end to end: syncs every lead, transcribes and grades every recorded call on its own servers, watches verification and serving, re-analyses budget every two hours and finds each account's budget sweet spot.

HELM is its expert layer: a separate AI service bound to a 265-concept Local Services doctrine and a 36-rule list of advice it must never give. Its budget decisions are advisory today; they are not yet written to Google automatically.

Provisional patent 64/063,539, filed 12 May 2026.

ClickRadius
$1.88M
Built · pre-launch, card payments not yet on

Makes a business readable and citable by AI search. It scores the site, generates the fixes and deploys them to Shopify, WordPress or any site by snippet, writes fact-checked content and measures citations across six AI engines.

Closed loop, white-label and priced for small businesses and agencies, where funded competitors mostly sell monitoring to enterprises.

Provisional patent 64/063,349, filed May 2026.

$0.10M
Built · enrollment not yet open

A $29-a-month (Pro $79) read-only view of a business's own Local Services account: leads, calls, rivals, geography and timing, with HELM answering questions. Built for every prospect who doesn't buy full management.

Its technology figure is small because it reuses CallRadius. Its value will come from subscribers.

ClickRadiusSIGNAL
$0.06M
Early build · started 24 October · first paid month planned February 2027

The self-serve companion to ClickRadius: tracks AI mentions, website citations, competitor share of voice, prompts and sources. Pro adds up to five prepared repair cards and one researched article each month.

Today it has its commercial-acceptance and business-profile foundations and an interactive sample workspace. It reuses the ClickRadius engine, so most of its value will come from subscribers.

Evidence

Measured on the production systems

CallRadius, ClickRadius and CallRadius Signal were counted on the live server on 22 October 2026, and ClickRadius Signal on 26 October 2026. The August figures were re-measured the same way from the code as it stood on 9–11 August. "Logical lines" excludes blank lines and comments. Tests are counted separately and are not part of the value of the code.

MeasureAugust 2026TodayGrowth
CallRadius
Production code, same files as August (logical lines)25,441185,0647.3×
Full production code incl. sales flows and HELM (logical lines)–212,873
API endpoints, counted the same way2263551.6×
Database tables361664.6×
Automatic monitoring loops per account17251.5×
Automated tests (lines)–311,882
ClickRadius
Application code, all non-test JavaScript (logical lines)≈34,900212,3616.1×
API endpoints, counted the same way3575931.7×
Database tables762323.1×
Application screens, same 28 pages (lines)31,01742,4501.4×
Automated tests (lines) · last recorded run5,481268,734 · 7,392 of 7,392 passed
CallRadius Signal (built after August)
Production code (logical lines) · endpoints · tables–10,777 · 21 · 9
Automated tests (lines)–6,134
ClickRadius Signal (started 24 October)
Production code incl. schema and workspace view (logical lines) · endpoints · tables–2,452 · 11 · 8
Automated tests (lines)–3,100

Endpoint counts include each route's full path. Counted that way, August had 226 (CallRadius) and 357 (ClickRadius), more than the 218 and 279 the August report printed, which left out each route's prefix. CallRadius also has 74 more routes inside shared application pages, 429 in all. ClickRadius's last recorded full test run was on 17 October 2026. ClickRadius Signal's 2,452 lines are not inside ClickRadius's 212,361, which were counted before it was started.

Data the products have already gathered

26,673Local Services leads synced, across 46 accounts, with history back to 2021
8,557consumer calls transcribed on our own servers and graded by AI
23,668budget and performance optimizer runs on record
5,971LSA Scores calculated for prospects and clients
6,999AI citation checks across six engines (ChatGPT, Claude, Gemini, Perplexity, Grok, Copilot)
11,163web pages analysed in 455 ClickRadius site scans
265expert doctrine concepts in HELM, plus a 36-rule "never recommend" register
2US provisional patent applications, both filed May 2026

A competitor can buy developers. It can't buy this operating history, which is why it is priced separately below.

Method

How the figure is reached

Three standard approaches. The cost approach asks what it would cost to rebuild what exists today with 2026 methods, less anything not yet working. The income approach asks what the business could earn, weighted by how likely each outcome is. The market approach asks what comparable businesses sell for. Each adjustment is shown, including those that lower the figure.

StepBasisEffectRunning total
1 · Cost approach: rebuild cost, less obsolescence
CallRadius coreAugust's measured rebuild cost (centre $1.30M) × 1.52 growth in what the system does$1.98M$1.98M
ClickRadiusAugust's measured rebuild cost (centre $1.50M) × 1.51 growth in what the system does$2.26M$4.24M
HELM expert serviceSeparate 12,900-line AI service plus the curated 265-concept doctrine; not in August$0.30M$4.54M
CallRadius Signal21 endpoints, subscriptions with trial, Google connect, 10-view portal; reuses CallRadius$0.15M$4.69M
ClickRadius Signal11 endpoints and 8 tables so far, sample workspace; scaled against CallRadius Signal by endpoints and code$0.07M$4.76M
Rebuilding with 2026 methodsA rebuild today would use AI coding agents. Studies of enterprise teams find 0–26% gains; this build itself (one founder directing AI agents over about six months) points to far more for new code. 35% sits between.−35%$3.09M
Built but not yet liveClickRadius card payments, both Signal enrollments and HELM's automatic budget writes are not yet on for customers−10%$2.78M
Google's Local Services changeGoogle is moving LSA into Performance Max; some CallRadius controls lose their surface−10% on CallRadius, HELM, CallRadius Signal$2.64M
Product directionThe Local Services and AI-search knowledge that decided what to build (August: $200K–350K, midpoint)+$0.28M$2.92M
Assets money can't buyOperating data above, two May 2026 patent priority dates, months of live calibration, time to market+15%$3.36M
Cost approach$3.36M
2 · Income approach: outcomes weighted by likelihood
PlanThe partnership briefing's planning case: $3.75M monthly revenue by month 60. Valued today at $46.9M; likelihood 4%$1.88M$1.88M
Half planHalf the planned subscribers: $1.88M monthly revenue by month 60. Valued today at $22.8M; likelihood 8%$1.82M$3.70M
Slow growthGrows steadily from today's early base to $150K monthly revenue over five years. Valued today at $1.3M; likelihood 33%$0.42M$4.11M
StallDoesn't scale; the technology is sold for about $0.75M in year 2. Valued today at $0.44M; likelihood 55%$0.24M$4.36M
Income approach$4.36M
3 · Market approach
Revenue multipleSmall software businesses under $1M of annual revenue sell for about 2.5–4× revenue. Applied to today's early CallRadius revenue it gives a small floor that credits nothing for ClickRadius, the patents or the platform.floor only0% weight
4 · Conclusion
Appraised value50% cost approach + 50% income approach$3.86M
Growth in what the system does is measured by function, not lines of code or tables. For each product it is the average growth of two counts: API endpoints and, for CallRadius, its automatic monitoring loops; for ClickRadius, its application screens. CallRadius's growth is 1.52× and ClickRadius's 1.51×, against line growth of 7.3× and 6.1×. Table count is left out because most new tables are records, audit and safety tables rather than features.
Income approach assumptions. Founder pay normalized at $250,000 a year; profits taxed at 25%; a sale at 3× annual revenue at the end of year 5; a 30% discount rate, the usual rate when risk is already in the scenario likelihoods. The likelihoods reflect the stage: early revenue, ClickRadius and both Signal products not yet selling, and a plan that needs tens of thousands of subscriptions within five years. With likelihoods of 3/7/30/60 the income approach is $3.6M; with 5/10/35/50 it is $5.3M.

Sensitivity of the cost approach to the AI-era rebuild discount: −15% gives $4.29M, −25% $3.82M, −35% $3.36M (used), −50% $2.65M, −60% $2.19M. The reasonable range of $3.2M–$4.6M combines the −50% and −25% cases with the cautious and generous likelihoods above.

Being conservative

Why the figure doesn't follow the line count

Measured the August way, both codebases are 6–7 times larger than in August. Scaling the August value up by that would give a much larger number. It would not survive a buyer's review, for three reasons:

  1. Much of the new code is protection, not features. Safety checks, verified writes to Google, audit records and release gates make the system trustworthy with live budgets. They are worth having, but they do not multiply what a customer can do.
  2. Code written with AI help runs longer than the hand-written code the cost benchmarks were based on.
  3. A buyer's expert would argue it, so this appraisal applies the reduction itself, at a rate the evidence supports.

For the same reason, the nearly 590,000 lines of automated tests are not counted as value, though they make the products far cheaper to keep improving.

Market evidence

What buyers and investors are paying in 2026

These are not like-for-like comparisons, which is why they carry no weight in the figure. Each company had a team, paying customers or venture funding. They show that both categories are attracting serious money, and what proven traction is worth.

CompanyCategoryEventValue
ProfoundAI-search visibilitySeries D, 15 Sep 2026, Sequoia and Kleiner Perkins$1.8B
ProfoundAI-search visibilitySeries C, 24 Feb 2026, Lightspeed$1.0B
ScrunchAI-search visibilityAcquired by Sitecore, Jun 2026, about $19M raised (price reported by Bloomberg)≈$225M
Peec AIAI-search visibilityIn talks to raise, Jun 2026; reported ARR above $10M≈$200M pre-money
XFunnelAI-search visibilityAcquired by HubSpot, Oct 2025 (reported price)≈$30M
AvocaAI for home-service contractors$125M+ raised, Apr 2026; calls, booking, marketing for HVAC and plumbing$1.0B
ServiceTitanContractor software (public)Market value, 22 Oct 2026≈7.4× sales
SemrushSearch marketing (public)Adobe acquisition, announced Nov 2025$1.9B, ≈4× ARR
Demand is moving to AI. 45% of US consumers used AI tools for local business recommendations in the past year, up from 6% the year before (BrightLocal, Mar 2026). Google reports over 1 billion monthly users of AI Mode (Jul 2026). No acquisition or funding of a Local Services Ads management tool was found, so CallRadius's category has no priced competitor.

Version 1 used the 2026 median AI seed pre-money valuation ($21.0M, PitchBook-NVCA) as a market approach. It is not used here: seed valuations are prices for preferred stock in companies that raised money with teams and usually traction, and there is no round here to calibrate against.

Next

What moves the figure up

The biggest increases come from proof that customers pay, because that raises the likelihoods in the income approach and brings revenue multiples into play.

Paying customers

Turn on card payments for ClickRadius and open enrollment for both Signal products. Removing the "not yet live" deduction alone adds about $0.3M; paying customers move the income approach far more.

Full patent applications

Both provisionals must be converted by May 2027. A filed full application, and later a grant, turns 67 unexamined claims each into examinable IP.

Agency channel at work

Signed agencies reselling CallRadius and ClickRadius prove distribution, the single biggest lever on the income approach.

History

Earlier valuations

DateCoveredResultStatus
1 May 2026ClickRadius only$3.2M fair value (range $1.8M–5.5M)Superseded
10 Aug 2026CallRadius and ClickRadius$4.5M–9M fair value; $3.0M–3.5M rebuild basisSuperseded
22 Oct 2026 (v1)CallRadius with HELM, ClickRadius, CallRadius Signal$6.4MSuperseded: too high
26 Oct 2026 (v2)CallRadius with HELM, ClickRadius, CallRadius Signal, ClickRadius Signal$3.86M (range $3.2M–4.6M)Current

Version 1 was re-reviewed to come as close as possible to what an independent appraiser would conclude. Its market leg ($6.83M, 40% weight) rested on venture seed valuations; its 15% AI-era rebuild discount was too small for a build of this kind; it counted database tables as growth in function; and it made no deduction for features not yet live. Version 2 corrects each of these, adds an income approach, and adds ClickRadius Signal. The August "$4.5M–9M fair value" relied on similar market and scenario evidence and is superseded for the same reasons.

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Limitations

  • Internal appraisal, not certified. It is built to approximate what an independent credentialed appraiser (ABV, ASA or CVA) would conclude. A certified (USPAP) valuation for a transaction, tax or litigation needs that appraiser, and theirs governs.
  • No vendor bids. The rebuild cost is modelled from the August bottom-up pricing and measured growth, not from quotes against a written specification.
  • Judgment calls are visible. The 35% AI-era discount, the 10% not-yet-live deduction, the 10% Google adjustment, the 15% premium, the income likelihoods, the 30% rate, the 3× exit multiple and the 50/50 weighting are reasoned choices, each shown above with sensitivities.
  • Platform dependency. CallRadius and CallRadius Signal depend on Google's Ads API and policies; ClickRadius and ClickRadius Signal depend on how AI engines choose sources.
  • Key person. One founder designed and built all four products.
  • Ownership of the IP must be confirmed and assigned to the company before any certified appraisal or transaction.
Sources

Sources