Cairns Health

cairns.ai

-13%

est. 2Y upside i

HealthcareSeries D+

Your voice. Your health. We care.

Rank

#2631

Sector

Digital Health, AI Healthcare, Remote Patient Monitoring

Est. Liquidity

~4Y

Data Quality

Data: Low

Cairns Health has a compelling product and strong moat, but the lack of disclosed financials and stale 2021 valuation make equity upside highly speculative.

Last updated: July 19, 2026

Bull (15%)+100%

Successful commercial launch of Luna drives rapid adoption, leading to a valuation expansion to $70M+ by 2028, assuming a 4x multiple on modest revenue.

Base (50%)0%

Revenue grows slowly or not at all; valuation remains stagnant near $35M due to lack of traction, resulting in no upside for common equity after dilution.

Bear (35%)-80%

Failure to raise additional funding or a down round wipes out common equity; preference stack of $35M+ leads to near-total loss for employees.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

0%

Total funding of $35.1M is a significant overhang against an unknown but likely modest valuation, creating a high preference risk for common shareholders.

Dilution Risk

high

With no revenue and a 2021 round, the company likely needs to raise capital within 12-24 months, causing meaningful dilution of 20-25%.

Secondary Liquidity

none

No secondary market transactions have been reported; liquidity is dependent on an exit event.

Questions to Ask at the Interview

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

  • 1

    What is the current ARR and month-over-month growth rate since Luna's commercial launch?

  • 2

    How does Cairns plan to address the regulatory pathway (FDA clearance) for its radar device?

  • 3

    What is the expected timeline for the next funding round, and what valuation does the board anticipate?

Community

Valuation Sentiment

Our model estimates -13% 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.