+268%

est. 2Y upside i

CybersecurityAI & MLSeries C

Doppel is the leading solution in modern digital risk protection for trusted brands. Our state-of-the-art AI scans over 10 million entities daily across the web, dark web, social media, and app stores, offering unparalleled breadth in detecting digital threats, including piracy, counterfeiting, phishing scams, executive impersonators, and more.

Rank

#45

Sector

Cybersecurity, Artificial Intelligence, Digital Risk Protection

Est. Liquidity

~4Y

Data Quality

Data: Medium

Doppel offers substantial upside (expected ~268% over 2 years) driven by hyper-growth and a large TAM, but carries higher risk due to a rich valuation and dependence on sustaining momentum.

Last updated: July 19, 2026

Bull (30%)+180%

Doppel maintains its AI-native edge, captures category leadership in social engineering defense, and exits via IPO at a 15x forward revenue multiple, yielding $4.44B exit. After 20% dilution, net upside is 180%.

Base (55%)+373%

Growth converges to comp multiples at 10x forward revenue, driving exit to $2.96B as the market recognizes Doppel's specialization. After 20% dilution, net upside is 373%.

Bear (15%)+56%

Multiple compresses to 4x forward revenue due to incumbent pressure or slower growth, yielding $1.18B exit. After preference and 20% dilution, net upside is 56%.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

2150%

Total preferred stock of $129M represents 21.5% of current valuation, so common stock retains significant value unless exit drops below $129M.

Dilution Risk

high

Fast growth may require additional funding within 24 months; we assume 20% dilution from future rounds.

Secondary Liquidity

none

No secondary market or tender offers indicated in recent data; liquidity tied to IPO or acquisition.

View all 23 open roles at Doppel →

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Doppel's AI-native approach create a sustainable moat against broad-platform incumbents like CrowdStrike?”

  • 2

    “What is the unit economics and gross margin trajectory as you scale to serve mid-market clients?”

  • 3

    “Given the 200% growth rate, what is your realistic timeline for an IPO and how does that affect equity liquidity for early employees?”

Community

Valuation Sentiment

Our model estimates +268% 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.