# Theranos: Dissolution and creditor assignment

Theranos, Inc. · United States · Diagnostics

Evidence reviewed Oct 26, 2026. Historical event record.

Theranos dissolved in September 2018 after achieving a reported $9 billion private funding valuation in 2014. Its assets were assigned for the benefit of creditors.

## Historical private valuation

$9bn · 2014

TIME reported a $9 billion company valuation in a 2014 private funding round. Month and pre-money versus post-money basis are not specified in that report.

[TIME](https://time.com/4298598/theranos-sec-us-attorney-investigation/)

## Documented event

Dissolution and creditor assignment · Sep 2018

No transaction price shown. The District of Arizona’s March 2020 order states that Theranos dissolved in September 2018 and assigned its assets to Theranos, LLC for creditors’ benefit. This was an assignment, not a reported acquisition price.

[U.S. District Court, District of Arizona](https://www.theranoslawsuit.com/admin/api/connectedapps.cms.extensions/asset?amp%3Binline=true&id=457edfd2-8e5a-47fa-9680-b228f6e280a9&languageId=1033)

## What changed

The dissolution and creditor assignment are recorded in a later federal court order. The historical financing value describes what private investors paid, not a validation of the company’s diagnostic technology or a valuation of its remaining assets.

## Timeline

### 2014 — Private funding valuation

Contemporary reporting identifies a $9 billion funding-round valuation during 2014.

[TIME](https://time.com/4298598/theranos-sec-us-attorney-investigation/)

### Sep 2018 — Dissolution

The company dissolved and assigned assets for creditors’ benefit, as recorded in the court order.

[U.S. District Court, District of Arizona](https://www.theranoslawsuit.com/admin/api/connectedapps.cms.extensions/asset?amp%3Binline=true&id=457edfd2-8e5a-47fa-9680-b228f6e280a9&languageId=1033)

## Sources

- [Theranos is under investigation by SEC and U.S. Attorney’s Office](https://time.com/4298598/theranos-sec-us-attorney-investigation/) — TIME; published Apr 18, 2016; accessed Oct 26, 2026; financial reporting.

- [In re Arizona Theranos litigation: order on class certification, page 2](https://www.theranoslawsuit.com/admin/api/connectedapps.cms.extensions/asset?amp%3Binline=true&id=457edfd2-8e5a-47fa-9680-b228f6e280a9&languageId=1033) — U.S. District Court, District of Arizona; published Mar 6, 2020; accessed Oct 26, 2026; primary source.

Logo: [Theranos logo source](https://commons.wikimedia.org/wiki/File:Theranos_Logo.svg). Company trademark rights remain.

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