-78%

est. 2Y upside i

Data & AnalyticsSeries 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

#3310

Sector

Data Science Platform

Est. Liquidity

~3Y

Data Quality

Data: High

Deepnote presents a risky equity opportunity.

Last updated: March 10, 2026

Bull (15%)+300%

Deepnote's AI agents and open-source strategy gain significant traction, attracting a large developer community and enterprise customers seeking collaborative, AI-powered data workspaces. Revenue accelerates to $40M by 2028, justifying an $800M valuation at 20x revenue, despite intense competition.

Base (40%)+25%

Deepnote maintains its niche in collaborative data science, growing steadily but facing strong competition from incumbents and well-funded startups. Revenue reaches $10M by 2028, leading to a modest valuation increase to $250M at 25x revenue, which is a slight multiple compression.

Bear (45%)-80%

Dominant incumbents like Databricks and Google Colab integrate similar AI and collaboration features, commoditizing Deepnote's core offering. Growth stalls, and a down round values the company at $40M, effectively wiping out common stock value due to the $44M in liquidation preferences.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

25%

Investors hold $44M in liquidation preferences, which is 22% of the estimated $200M current valuation.

Dilution Risk

moderate

Given the current revenue scale and funding history, additional funding rounds are likely, posing further dilution risk to common shareholders.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers for Deepnote's equity.

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

    “Given the strong competition from Databricks and Google Colab, how does Deepnote plan to differentiate its open-source and AI-powered offerings to capture significant market share and maintain pricing power?”

  • 2

    “With an estimated annual revenue of ~$4M and $44M in total funding, what is Deepnote's strategic roadmap for accelerating revenue growth and achieving profitability or the next funding round within the next 18-24 months?”

  • 3

    “Considering the Series A round was in early 2022 and the current market conditions, what is the company's projected timeline for a liquidity event (e.g., acquisition, IPO, secondary offering) for employees, and how are potential dilution risks being managed?”

Community

Valuation Sentiment

Our model estimates -78% 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.