-75%

est. 2Y upside i

DevOps & InfraSeries A

Develop your CI/CD pipelines as code and run them anywhere

Rank

#2443

Sector

Developer Tools, DevOps

Est. Liquidity

~4Y

Data Quality

Data: Medium

Dagger operates in a high-growth developer tools market with a unique CI/CD approach and promising expansion into AI agents.

Last updated: March 10, 2026

Bull (10%)+400%

Dagger's unique 'CI/CD as code' approach gains significant enterprise adoption, and its expansion into AI agent platforms establishes it as a critical runtime. By 2028, it achieves $60M-$80M ARR, leading to a Series C or acquisition at a $800M-$900M valuation, providing substantial returns.

Base (45%)+75%

Dagger secures a solid foothold in the mid-market for programmable CI/CD, growing steadily despite intense competition. It reaches $25M-$35M ARR by 2028, leading to a Series B round at a $300M-$350M valuation, offering moderate returns for early equity holders.

Bear (45%)-80%

Dominant incumbents like GitHub and GitLab effectively integrate similar 'CI/CD as code' features, and the AI agent market becomes highly fragmented and competitive. Dagger struggles to differentiate, leading to stalled growth and a down round or acquisition at $30M-$50M, resulting in significant loss of common stock value due to liquidation preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Investors hold $30M in liquidation preferences ahead of common stock, representing 16.67% of the estimated current valuation.

Dilution Risk

high

As a Series A company, Dagger will likely require several more funding rounds, leading to significant future dilution for existing equity holders.

Secondary Liquidity

none

Given its early stage, there is currently no active secondary market for Dagger's equity.

Questions to Ask at the Interview

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

  • 1

    “Given the strong presence of incumbents like GitHub Actions and GitLab CI/CD, how does Dagger plan to maintain its competitive edge and capture significant market share in the programmable CI/CD space over the next 2-3 years?”

  • 2

    “With Dagger expanding into AI Agent Development Platforms, how will the company navigate the intense competition from major players like Google, Microsoft, and OpenAI, and what is the strategy to monetize this new offering?”

  • 3

    “Considering the Series A funding in 2022 and the current market conditions, what is the company's projected timeline for its next funding round or a potential liquidity event for employees, and how is dilution being managed?”

Community

Valuation Sentiment

Our model estimates -75% 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.