-14%

est. 2Y upside i

AI & MLSeries B

Dust empowers teams to create agents that actually understand your company context,  fully customized to match how you actually work. Deploy everything from simple workflows to complex enterprise integrations. Founded by OpenAI and Stripe alums. Hiring on-site in SF, NYC, and Paris.

Rank

#2652

Sector

Artificial Intelligence

Est. Liquidity

~5Y

Data Quality

Data: Low

Given the lack of precise financial data, the expected value is negative at -14%.

Last updated: July 19, 2026

Bull (30%)+60%

Revenue grows to $18M by year 2, supported by high demand for enterprise AI agents. Exit multiple holds at 15x due to IPO window and category leadership, driving exit value to $270M, net of 20% dilution.

Base (50%)-24%

Revenue grows to $18M, but multiple compresses to 8x in line with public comps, yielding exit value $144M. After 20% dilution, returns are negative.

Bear (20%)-100%

Revenue growth disappoints, exit multiple falls to 4x, exit value $72M. After $61.5M liquidation preference, common stock is nearly worthless. Full loss.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

41%

Total funding of $61.5M represents 41% of estimated $150M valuation, meaning preferred holders have significant liquidation preference.

Dilution Risk

high

With estimated $7.3M ARR and $61.5M raised, the company may require a further raise within 24 months, diluting common by 15-25%.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely only through acquisition or IPO.

GTM — 16 roles

Operations — 4 roles

General — 1 role

View all 24 open roles at Dust →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Dust plan to differentiate from large AI labs like OpenAI that could build similar enterprise features?”

  • 2

    “What is the revenue growth rate and when do you expect to reach cash flow breakeven?”

  • 3

    “How does the employee equity pool compare to the total shares, and is there any secondary sale program?”

Community

Valuation Sentiment

Our model estimates -14% 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.