-73%

est. 2Y upside i

Media & CommsAI & MLSeries A

Cartwheel is a powerful new way to animate characters for games, films, ads, or social. Our tool suite lets artists create editable animation for any character, seamlessly integrating into existing production workflows. Led By OpenAI And Google veterans.

Rank

#2189

Sector

Multimedia and Design Software, Artificial Intelligence & Machine Learning

Est. Liquidity

~6Y

Data Quality

Data: Medium

Cartwheel presents a moderate upside opportunity for a job seeker, driven by its innovative AI animation technology in a growing market and a strong founding team.

Last updated: March 10, 2026

Bull (15%)+400%

Cartwheel's AI platform achieves significant market penetration by enabling rapid 3D animation for a broad user base, including game developers and film studios, and successfully expands its API offerings. This drives substantial revenue growth, potentially reaching a $200M valuation (5x current) as it becomes an indispensable tool in the creative workflow.

Base (40%)+50%

Cartwheel establishes a niche in the AI animation market, attracting a solid customer base with its user-friendly platform and ethical AI. While facing strong competition from incumbents, it achieves steady growth, leading to a modest valuation increase to $60M (1.5x current) through continued product development and customer acquisition.

Bear (45%)-80%

Dominant incumbents like Adobe and Autodesk rapidly integrate advanced AI animation features, commoditizing Cartwheel's core offerings. This, combined with a challenging funding environment for early-stage AI companies, leads to slower-than-expected growth and a down round, reducing the valuation to $8M, significantly impacting common stock value due to liquidation preferences.

Est. time to liquidity~6.0 years

Preference Stack Risk

severe

Funding Intensity

39%

Investors hold $15.6M in liquidation preferences, meaning common stock holders would only see returns after this amount is paid out in an exit.

Dilution Risk

high

As a Series A company, Cartwheel will likely require multiple additional funding rounds, leading to further dilution for current equity holders.

Secondary Liquidity

none

There is low market activity for secondary market stock, with no reported buyers or sellers, indicating no current liquidity options.

Questions to Ask at the Interview

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

  • 1

    “Given the significant resources and market presence of incumbents like Adobe and Autodesk, how does Cartwheel plan to differentiate and sustain its competitive moat beyond its current AI models?”

  • 2

    “With the recent Series A funding, what are the key milestones and growth metrics the company aims to achieve in the next 12-18 months, particularly concerning revenue generation and API adoption?”

  • 3

    “Considering the current funding intensity and the early stage of the company, what is the anticipated timeline for future funding rounds, and how does Cartwheel plan to manage potential dilution for common stock holders leading up to a liquidity event?”

Community

Valuation Sentiment

Our model estimates -73% 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.