+107%

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

#357

Sector

AI Agent Development

Est. Liquidity

~4Y

Data Quality

Data: Low

Agno offers a speculative but potentially high-return opportunity: a 2x on common requires ~$27M exit (5x revenue on the projected $5.4M), which is achievable in the base case.

Last updated: August 3, 2026

Bull (20%)+400%

Agno achieves category leadership in open-source agent frameworks; revenue reaches $5.4M and public comp multiple expands to 8x forward revenue, yielding $43.2M exit value. Even after ~20% dilution from a likely raise, common stock upside is capped at +400% for Series A stage.

Base (35%)+205%

Revenue grows to $5.4M and exit multiple converges to 5x forward revenue (low end of public comp range), producing a $27M exit value. After subtracting 20 percentage points for dilution, common stock upside is ~+205%, well above the $10.8M preferred threshold.

Bear (45%)-100%

Exit multiple compresses to 2x forward revenue, yielding a $10.8M exit value exactly equal to total funding. The 1x non-participating liquidation preference consumes the entire exit, leaving common stock with zero recovery (-100% return).

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

13010%

Total funding of $10.8M exceeds the $8.3M valuation; a 1x non-participating liquidation preference leaves nothing for common stock below a $10.8M exit.

Dilution Risk

high

Runway is likely short (last raise Aug-2024); a new round could dilute existing common by 20% or more.

Secondary Liquidity

none

No secondary market transaction has been observed; no recent mark to establish a cash-out price.

Questions to Ask at the Interview

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

  • 1

    “How does Agno plan to defend against Microsoft and OpenAI bundling agent frameworks into their cloud ecosystems?”

  • 2

    “What is the path to $10M ARR, and what is the paid conversion rate / net revenue retention from open-source users?”

  • 3

    “What is the current fully diluted share count, option pool, and post-money valuation; has the 409A common valuation been set relative to the $8.3M preferred mark?”

Community

Valuation Sentiment

Our model estimates +107% 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.