-24%

est. 2Y upside i

Series B

Air is a Creative Ops System for creative teams. Our product automates the mindless tasks that creatives and marketers do every day to manage content and unlocks creativity through image recognition, automated versioning, and approval workflows.

Rank

#3380

Sector

B2B SaaS

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the high preference stack and dominant incumbent threat, the expected equity upside is -23.5% over 2 years, making this a risky proposition.

Last updated: July 3, 2026

Bull (20%)+61%

With strong growth and potential IPO, Air maintains a 12x multiple, resulting in a $211M exit; after 20% dilution, upside ~61%.

Base (40%)-10%

Multiple converges to 6x, exit value $106M; after dilution, slight loss.

Bear (40%)-80%

Multiple compresses to 4x, exit value $70M; preference stack leaves common with near-zero recovery; after dilution, loss ~80%.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

58%

Total funding of $70M represents 58% of assumed $120M valuation, meaning common stock is heavily subordinated.

Dilution Risk

high

With $35M Series B and total $70M, further fundraising likely within 2 years, causing 15-25% dilution.

Secondary Liquidity

none

No secondary market data available; liquidity likely only through IPO or acquisition.

Questions to Ask at the Interview

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

  • 1

    “How does Air's AI differentiate from Frame.io's built-in collaboration?”

  • 2

    “What is the revenue growth trajectory and unit economics?”

  • 3

    “What is the expected timeline to an IPO or acquisition?”

Community

Valuation Sentiment

Our model estimates -24% 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.