-45%

est. 2Y upside i

DevOps & InfraAI & MLSeries A

Deepnote is a notebook that brings teams together to explore, analyze and present data from start to finish. Jupyter-compatible with real-time collaboration, in the cloud.

Rank

#3187

Sector

Developer Tools, Artificial Intelligence

Est. Liquidity

~3Y

Data Quality

Data: Low

Deepnote offers high risk due to severe preference stack, missing current valuation, and intense competition.

Last updated: July 19, 2026

Bull (10%)+110%

AI-driven category leadership and IPO window could expand multiples to 12x, driving exit to $84M and common value to $60.2M, yielding 130% upside before 20% dilution.

Base (45%)-24%

Multiple converges to 7x, exit value ~$49M, just above preference, common value slightly positive before dilution, resulting in net loss after dilution.

Bear (45%)-100%

Multiple compresses to 4x, exit value $28M below $23.8M preference, common stock recovers nothing, total loss of equity value.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

48%

$23.8M in preferred stock equates to 47.6% of estimated $50M valuation, severely diluting common equity.

Dilution Risk

high

Given 4+ years since last raise and only 35 employees, a dilutive round within 2 years is highly probable.

Secondary Liquidity

none

No secondary transactions reported; likely illiquid until eventual exit.

Engineering — 1 role

Growth — 1 role

Marketing — 1 role

View all 5 open roles at Deepnote →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Deepnote differentiate from Databricks' notebook offering given Databricks' scale and integrations?”

  • 2

    “What is the unit economics and revenue growth trajectory, given no disclosed growth rate?”

  • 3

    “Given the 4-year gap since the last funding round, what is the timeline for liquidity events like IPO or acquisition?”

Community

Valuation Sentiment

Our model estimates -45% 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.