-12%

est. 2Y upside i

CybersecuritySeries A

Cogent is building an "AI Taskforce" for Vulnerability Management that drives efficiency in enterprise VM programs and accelerates risk reduction with AI agents that supercharge in-house security teams. The product autonomously executes time-intensive tasks across the VM lifecycle, such as data correlation across sources, contextualization of assets and vulnerabilities, risk prioritization, and remediation planning and execution.

Rank

#2601

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity upside is highly uncertain due to lack of revenue data and critical competition from big tech.

Last updated: July 3, 2026

Bull (20%)+140%

Cogent achieves product-market fit and gains traction against incumbents, driving a 3x valuation to ~$885M within 2 years, boosted by partnership with Bain Capital and strong TAM tailwinds.

Base (35%)-20%

Valuation stagnates at ~$295M due to competitive pressure and slower revenue growth; 20% dilution from a future funding round erodes equity value.

Bear (45%)-74%

Downround to ~$100M as big tech/incumbents dominate; after 1x preference ($53M), common stock recovers only $47M, and dilution pushes net return to -74%.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

1800%

Total funding $53M vs. valuation $295M gives an 18% overhang, typical for Series A.

Dilution Risk

high

Likely 1-2 more rounds before liquidity; assumed 20% dilution within 2 years.

Secondary Liquidity

limited

Secondary implied valuation exists ($310M) but no active market; limited liquidity for employees.

Other — 2 roles

View all 2 open roles at Cogent →

Last updated: March 8, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Cogent's Agent Lake architecture defend against incumbents like Tenable and Google DeepMind?”

  • 2

    “What is the current ARR and net dollar retention?”

  • 3

    “What is the estimated liquidity timeline and has secondary trading been facilitated?”

Community

Valuation Sentiment

Our model estimates -12% 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.