-78%

est. 2Y upside i

AI & MLSeries A

Agno (fka Phidata) is a high-performance runtime for multi-agent systems. Use it to build, run and manage secure multi-agent systems in your cloud. Agno gives you the fastest framework for building agents with session management, memory, knowledge, human in the loop and MCP support.

Rank

#3265

Sector

Artificial Intelligence & Machine Learning

Est. Liquidity

~5Y

Data Quality

Data: Medium

Agno operates in a massive and fast-growing AI agent market with a promising open-source framework and high-performance runtime.

Last updated: March 10, 2026

Bull (13%)+300%

Agno's high-performance runtime (Agentos) and model-agnostic framework gain significant traction in the rapidly expanding AI agent market, securing key enterprise partnerships. They demonstrate superior speed and ease of use over incumbent offerings, pushing revenue to $20M-$30M ARR within 2 years and justifying a Series B/C valuation of $100M-$120M at a 4-5x multiple.

Base (48%)+30%

Agno maintains its niche in the open-source AI agent framework market, attracting a developer community but facing challenges in converting this into substantial commercial revenue due to intense competition from Google and OpenAI. Growth is modest, reaching $5M-$8M ARR, leading to a flat or slightly up Series B round at a $35M-$40M valuation.

Bear (39%)-85%

Dominant incumbents like Google (Vertex AI, ADK) and OpenAI integrate more robust and user-friendly agent development tools directly into their platforms, commoditizing Agno's core offering. Agno struggles to differentiate, leading to slow adoption and limited commercial success. A down round or acquisition at a distressed valuation of $5M-$10M wipes out most common stock value, given the preference stack.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Investors hold $5.4M in liquidation preferences, which is 18% of the estimated current $30M valuation. In an exit at or below $5.4M, common shareholders would receive nothing.

Dilution Risk

high

As an early-stage company, Agno will likely require several more funding rounds to scale, which will dilute existing equity holders significantly.

Secondary Liquidity

none

There is currently no active secondary market for Agno shares, meaning equity is illiquid until a major liquidity event.

Questions to Ask at the Interview

Strategic questions based on Agno's data — designed to show you've done your homework.

  • 1

    “Given the strong push by Google (Vertex AI, ADK) and OpenAI into AI agent development, how does Agno plan to differentiate and maintain its competitive edge against these well-resourced incumbents in the next 12-24 months?”

  • 2

    “With an open-source framework and a commercial runtime (Agentos), what is Agno's strategy for converting open-source adoption into a sustainable and rapidly growing revenue stream, particularly as the market matures and incumbents offer similar tools?”

  • 3

    “As an early-stage company with $5.4M in funding, what is the expected timeline for the next funding round or a potential liquidity event, and how does the company plan to manage dilution for early employees given the competitive landscape?”

Community

Valuation Sentiment

Our model estimates -78% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.