+295%

est. 2Y upside i

AI & MLSeries B

Enable creators and developers to generate realistic AI personas

Rank

#18

Sector

Generative AI

Est. Liquidity

~3Y

Data Quality

Data: Low

Opportunity is compelling: base-case net upside ~378% (or 300% capped bull) driven by hypergrowth, though entry valuation is uncertain due to the absence of a current mark and a stale 2022 Series B.

Last updated: August 25, 2026

Bull (30%)+300%

If D-ID capitalizes on its visual AI agent momentum and enters a strong IPO window, the exit multiple could expand to 10x forward revenue, implying a market cap over $2.3B. With a $350M entry, that's ~5.6x upside before dilution; capped at 300% per Series B stage.

Base (50%)+378%

Revenue projected to reach $232M by month 24; at a 7.5x forward revenue multiple (comp range), exit value is ~$1.7B, giving 398% raw upside. After 20% dilution haircut, net upside is 378%.

Bear (20%)+79%

If market multiple compresses to 3x and growth slows, exit value ~$697M, still above entry, yielding 99% raw upside; after dilution, 79%. Preference stack of $65M does not threaten common stock here.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

1860%

$65.1M total preferred liquidation preference represents ~19% of our estimated $350M entry valuation, so common stock only recovers after that in a downside exit.

Dilution Risk

high

Given 2022 round and acquisition spend, a new capital raise within 24 months is likely; we haircut all scenarios by 20%.

Secondary Liquidity

none

No secondary market activity reported; equity likely illiquid until liquidity event.

View all 6 open roles at D-ID →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does D-ID's partnership with Microsoft and other big tech affect its long-term competitive positioning?”

  • 2

    “What are the unit economics of the avatar video API, and how does the simpleshow acquisition expand the addressable market?”

  • 3

    “What is the current 409A valuation and what are the liquidity plans (IPO or acquisition)?”

Community

Valuation Sentiment

Our model estimates +295% 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.