-86%

est. 2Y upside i

CybersecuritySeries A

Rank

#4219

Sector

Cybersecurity / Identity

Est. Liquidity

~5Y

Data Quality

Data: Low

15-year-old startup with 9 years since last funding is a major red flag. $35M revenue with $121M preferences.

Last updated: March 22, 2026

Bull (20%)+80%

PSD3 tailwinds; acquired by IAM/fraud platform at 6-8x rev.

Base (40%)-20%

Modest growth; acqui-hire at 2-3x; limited common value.

Bear (40%)-80%

9 years without round; BioCatch wins; distressed exit.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

$121M raised; valuation unknown.

Dilution Risk

moderate

9 years without dilution is positive if self-funding.

Secondary Liquidity

none

No secondary.

Other — 2 roles

View all 2 open roles at Callsign →

Last updated: February 18, 2026

Questions to Ask at the Interview

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

  • 1

    “Why no funding since 2017?”

  • 2

    “Full cap table and preference structure?”

  • 3

    “Growth rate?”

Community

Valuation Sentiment

Our model estimates -86% 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.