-59%

est. 2Y upside i

AI & MLVertical SaaSSeries A

Auger is a pioneering venture to build the world's first true end-to-end supply chain operating system. Founded and led by Dave Clark, former CEO of the Amazon Consumer Business and backed by an initial $100M from Oak HC/FT, Auger is building a future where global supply chains operate with the simplicity of today’s most intuitive consumer technologies.

Rank

#1229

Sector

Supply Chain Technology, Artificial Intelligence, Logistics

Est. Liquidity

~5Y

Data Quality

Data: Medium

Auger presents a moderate upside opportunity driven by its experienced founding team and an AI-native approach in a large supply chain technology market.

Last updated: March 10, 2026

Bull (25%)+300%

Auger's AI-native autonomous operating system achieves significant market penetration by successfully integrating with complex enterprise systems and demonstrating clear ROI, attracting large customers beyond Meta Reality Labs. This drives revenue to over $150M by 2028, justifying a $1.6B valuation at a 10x revenue multiple, representing a 300% upside from the current valuation.

Base (45%)+50%

Auger continues to grow steadily, securing additional mid-market and some enterprise customers, but faces strong competition from incumbents like Google Cloud and Oracle. Revenue reaches approximately $75M by 2028, leading to an acquisition or next funding round at a $600M valuation, a 50% increase from the current valuation.

Bear (30%)-70%

Auger struggles to overcome skepticism regarding its product maturity and faces intense pressure from well-resourced incumbents offering similar AI-powered supply chain solutions. Customer acquisition slows, and integration challenges with legacy systems prove more difficult than anticipated. This results in a down round or acquisition at a significantly lower valuation of $120M, wiping out most common stock value due to the existing liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

The $100M total funding on an estimated $400M valuation means investors hold liquidation preferences equal to 25% of the company's current value, ahead of common stock holders.

Dilution Risk

high

As a Series A company, Auger will likely raise at least 1-2 more significant funding rounds (Series B, C) before an exit, leading to substantial dilution for early common stock holders.

Secondary Liquidity

none

Given Auger's early stage (Series A), there is currently no active secondary market or tender offers for employee equity.

Questions to Ask at the Interview

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

  • 1

    “Given the strong presence of major tech players like Google Cloud and Oracle in supply chain AI, how does Auger plan to differentiate its 'autonomous operating system' beyond its current 'strong moat' to capture and retain market share?”

  • 2

    “With $36M in revenue and a Series A funding, what are the key milestones and growth metrics Auger is targeting over the next 18-24 months to justify future funding rounds and a potential liquidity event?”

  • 3

    “As an early-stage employee, how should I think about the potential for future dilution, especially given the current preference stack, and what is the company's strategy for providing liquidity to employees prior to an IPO?”

Community

Valuation Sentiment

Our model estimates -59% 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.