-80%

est. 2Y upside i

Series B

Rank

#3579

Sector

Enterprise Software, Workflow Automation

Est. Liquidity

~5Y

Data Quality

Data: Low

Cutover's common equity is highly risky due to a massive liquidation preference ($62.6M) nearly equal to its stale $63.4M valuation.

Last updated: July 20, 2026

Bull (15%)+35%

Bull case: Cutover achieves 10x forward revenue multiple (from current 9.75x) driven by enterprise adoption of agentic AI and work orchestration, resulting in $97.5M exit. After preference and dilution, common stock returns ~35%.

Base (50%)-100%

Base case: Exit multiple compresses to 6x forward revenue, yielding $58.5M exit below $62.6M liquidation preference. Common stock recovers nothing (-100%).

Bear (35%)-100%

Bear case: Multiple contracts to 3x forward revenue, exit value $29.25M well below preference. Common stock worthless (-100%).

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

99%

Total funding of $62.6M represents 98.7% of the $63.4M valuation, meaning common stock only benefits from equity in excess of that amount.

Dilution Risk

high

With no funding since 2021 and moderate burn, a future raise within 24 months is likely, diluting existing common holders by an estimated 20%.

Secondary Liquidity

none

No secondary market transactions reported; liquidity is limited to an exit event.

Other — 3 roles

View all 3 open roles at Cutover →

Last updated: September 6, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Cutover's work orchestration platform differentiate from ServiceNow's IT automation capabilities?”

  • 2

    “What is the company's path to profitability and how does it plan to reduce its reliance on external funding?”

  • 3

    “Given the preference stack, what is the typical retention and equity value for employees in similar positions?”

Community

Valuation Sentiment

Our model estimates -80% 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.