+73%

est. 2Y upside i

CybersecuritySeries D+

Rank

#697

Sector

Cybersecurity

Est. Liquidity

~2Y

Data Quality

Data: High

Claroty offers compelling upside for a job candidate with expected 73% return over 2 years, driven by 100% growth and imminent IPO.

Last updated: July 19, 2026

Bull (30%)+100%

IPO in 2027 at $6B+ valuation justifies 11x multiple on $547M revenue. Category leadership and strong growth sustain premium, but cap at 100% per late-stage rule.

Base (50%)+82%

Exit multiple converges to 10x (mid of comp range) on $547M revenue, yielding $5.47B exit. Growth normalizes but OT security demand remains robust.

Bear (20%)+9%

Multiple compresses to 6x due to incumbents like Microsoft expanding into OT, yielding $3.28B exit. Still above preference stack, so common stock positive.

Est. time to liquidity~1.5 years

Preference Stack Risk

high

Funding Intensity

30%

Total preferred funding of $900M represents 30% of current valuation, creating significant overhang that dilutes common stock in downside scenarios.

Dilution Risk

low

Given $200M raised in Jan 2026 and IPO plans for 2027, no additional dilutive round is expected within the 2-year horizon.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely only through IPO or acquisition.

Questions to Ask at the Interview

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

  • 1

    “How does Claroty's platform differentiate from incumbents like Microsoft and Google in securing cyber-physical systems?”

  • 2

    “What is the company's go-to-market strategy for expanding beyond critical infrastructure into commercial sectors?”

  • 3

    “Given the pre-IPO stage, what is the expected timeline for liquidity and how are equity grants structured for new hires?”

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.