+291%

est. 2Y upside i

CybersecuritySeries B

Bureau is a no-code, identity decisioning platform that offers businesses the complete range of risk, compliance and ongoing fraud monitoring solutions innovated with AI. Using next-generation orchestration, Bureau provides businesses contextualized insights that lead to absolute decisions about digital identity trustworthiness.

Rank

#20

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Medium

Bureau offers exceptional growth (200% YoY) and a massive TAM, with an expected 2-year equity upside of 291%.

Last updated: July 3, 2026

Bull (20%)+280%

IPO window or category leadership sustains an 8x exit multiple, but return capped at +300% per Series B constraint. After 20% dilution, net upside 280%.

Base (35%)+563%

Revenue grows 5.3x to $205M, exit multiple converges to 5x, yielding 583% raw upside. After 20% dilution, net upside 563%.

Bear (45%)+85%

Multiple compresses to 1.5x due to incumbent competition, yielding 105% raw upside. After 20% dilution, net upside 85%. Exit value above $50.7M preference stack.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

3380%

Total funding of $50.7M (33.8% of valuation) creates a 1x non-participating preference that could wipe out common in a distressed exit.

Dilution Risk

high

With $38.6M ARR and $50.7M raised, additional capital likely within 24 months; 15-25% dilution assumed.

Secondary Liquidity

none

No secondary market indicated; liquidity uncertain until an exit event.

Engineering — 4 roles

Founder's Office — 2 roles

Product — 2 roles

Solutioning — 2 roles

Customer Success — 1 role

Information Security — 1 role

Marketing — 1 role

View all 17 open roles at Bureau →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Bureau's identity network effect compare to incumbent data advantages?”

  • 2

    “What is the unit economics and path to profitability given the consumption-based pricing?”

  • 3

    “Considering the Series B stage and M&A signals, what is the likely timeline to liquidity and how does equity fit into your career plan?”

Community

Valuation Sentiment

Our model estimates +291% 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.