+69%

est. 2Y upside i

AI & MLSeries A

Automating non-emergency calls for 911 centers

Rank

#1249

Sector

GovTech, AI, Public Safety Software

Est. Liquidity

~5Y

Data Quality

Data: Low

Aurelian is a genuine but highly illiquid early-stage bet: with $2.1M in revenue, 29 employees, and a valuation that was not disclosed (estimated ~$65M post-Series A), a 2x equity outcome requires the company to reach roughly $130M in valuation — demanding strong ARR growth in one of the slowest-moving procurement markets in tech.

Last updated: May 5, 2026

Bull (18%)+250%

AI for public safety achieves broad PSAP adoption, driving revenue to $10M+ ARR by 2028 with NEA supporting a Series B/C at $200–250M valuation. Deep 911 system integrations and regulatory moat create durable competitive position, delivering ~250% paper gains on an estimated $65M post-money baseline.

Base (55%)+80%

Government procurement cycles constrain growth to $4–6M ARR by 2028, with a Series B in the $120–130M range representing roughly 2x the estimated $65M Series A post-money. Traction with PSAPs is real but secondary liquidity remains nonexistent within the 2-year horizon.

Bear (27%)-75%

Slow municipal budget cycles, extended sales timelines, or intensified competition stall revenue below $3M ARR, forcing a flat or down round that devastates common stock value. The $17M preference stack leaves common holders near zero in any distressed or low-multiple outcome.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

26%

$17M in total liquidation preferences sit ahead of common stock; at an estimated ~$65M Series A post-money valuation, this stack represents ~26% of current enterprise value — firmly in the high-risk band.

Dilution Risk

high

As a Series A company likely requiring 2–3 additional funding rounds before any liquidity event, employees should model 35–55% cumulative dilution before an exit.

Secondary Liquidity

none

No secondary market activity is expected for a 29-person Series A GovTech startup; all equity is fully illiquid for the foreseeable future.

Engineering — 4 roles

Sales — 3 roles

Customer Experience — 2 roles

Operations — 2 roles

View all 11 open roles at Aurelian →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “What is the average end-to-end sales cycle for a new PSAP contract, and what does net revenue retention look like across existing customers like Snohomish County 911 and Chattanooga?”

  • 2

    “How is revenue structured — per-PSAP subscription, per-call volume, or seat-based — and what is the typical ACV on a new county or city contract?”

  • 3

    “What was the post-money valuation on the Series A, what equity percentage would this role receive, and what ARR or customer milestones is the team targeting before pursuing a Series B?”

Community

Valuation Sentiment

Our model estimates +69% 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.