+141%

est. 2Y upside i

DevOps & InfraSeries C

Anaconda is built to advance AI with open source at scale, giving builders and organizations the confidence to increase productivity, and save time, spend and risk associated with open source.

Rank

#166

Sector

Developer Tools

Est. Liquidity

~2Y

Data Quality

Data: High

Anaconda offers a compelling equity opportunity with a strong moat and high growth (127% YoY), projecting ~141% expected upside over 2 years under cautious probability weights.

Last updated: July 3, 2026

Bull (35%)+200%

Revenue grows to $502M with 15x multiple, yielding $7.5B exit. Capped at +200% per stage constraints, driven by IPO window and category leadership.

Base (20%)+178%

Revenue reaches $502M with 12.5x multiple (in-line with public comps), resulting in $6.3B exit and 178% upside.

Bear (45%)+78%

Multiple compresses to 8x on $502M revenue due to Big Tech competition, yielding $4.0B exit. Preference stack modest, common stock fully recovered.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

1450%

Total preferred stock of $327M represents 14.5% of valuation, a moderate overhang.

Dilution Risk

low

Given profitability and recent $30M raise, no additional dilution expected within 2 years.

Secondary Liquidity

limited

Secondary market implied valuation matches last round, but no active trading volumes observed.

View all 41 open roles at Anaconda →

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    “How would you evaluate Anaconda's competitive positioning against cloud ML platforms like Databricks and Sagemaker?”

  • 2

    “What drives ARR growth and retention for the enterprise subscription business?”

  • 3

    “What is your outlook on liquidity horizon and potential dilution from future funding rounds?”

Community

Valuation Sentiment

Our model estimates +141% 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.