-18%

est. 2Y upside i

Series D+

Rank

#4009

Sector

Data Protection, SaaS

Est. Liquidity

~0Y

Data Quality

Data: High

The equity opportunity in Clumio is effectively non-existent for common shareholders, as the company was acquired by Commvault for $47 million in October 2024.

Last updated: March 10, 2026

Bull (10%)+200%

Clumio hypothetically accelerates its market penetration in cloud data protection for AWS and successfully expands into multi-cloud, reaching ~$128M in revenue within two years. A strong competitive position and sustained high growth could have justified a 15x revenue multiple, leading to a $1.92B valuation, representing a +200% upside from the last private valuation, allowing common shareholders to see a significant return after investor preferences.

Base (20%)+161%

Clumio hypothetically maintains its strong growth in AWS data protection, reaching ~$128M in revenue within two years. Despite intense competition, it secures a solid market position, justifying an 8x revenue multiple and a $1.024B valuation. This would have provided a +161% upside from the last private valuation, offering a moderate return for common shareholders after accounting for investor preferences.

Bear (70%)-100%

Clumio was acquired by Commvault for $47 million in October 2024. Given the total funding of $261 million, this acquisition price was significantly below the capital raised. As a result, common stock holders received no return, effectively wiping out 100% of their equity value due to liquidation preferences.

Est. time to liquidity~0.0 years

Preference Stack Risk

severe

Funding Intensity

67%

Investors contributed $261 million in funding. The company was acquired for $47 million, meaning common shareholders received nothing due to investor liquidation preferences.

Dilution Risk

high

The company raised $261 million across multiple rounds, leading to significant dilution for early common shareholders, which was exacerbated by the low acquisition price.

Secondary Liquidity

none

As Clumio was acquired, there is no longer an independent secondary market for its equity.

Questions to Ask at the Interview

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

  • 1

    “Given Clumio's acquisition by Commvault, how has the product roadmap and strategic focus for the Clumio technology evolved within the larger Commvault portfolio, especially concerning AWS-native data protection and multi-cloud expansion?”

  • 2

    “With Clumio's prior 300% YoY growth and $8M revenue, what are the key performance indicators and growth targets for the integrated Clumio business unit within Commvault, and how will its success be measured?”

  • 3

    “Considering the acquisition price of $47 million against $261 million in funding, how does Commvault structure equity compensation for employees joining the acquired Clumio team, and what is the realistic liquidity timeline for any Commvault equity granted?”

Community

Valuation Sentiment

Our model estimates -18% 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.