-84%

est. 2Y upside i

DevOps & InfraSeed

Open-source data observability for data teams

Rank

#410

Sector

Data Observability

Est. Liquidity

~4Y

Data Quality

Data: Medium

Elementary Data operates in the high-growth data observability and AI in data quality markets, which are projected to expand significantly.

Last updated: March 10, 2026

Bull (20%)+400%

Elementary Data successfully leverages its open-source core and AI capabilities to capture significant market share in the rapidly growing data observability and AI in data quality sectors, expanding beyond dbt-centric solutions. This drives revenue growth to over $50M within two years, justifying a Series B or C valuation of $300M, representing a 400% upside from the current estimated $60M valuation.

Base (45%)+150%

Elementary Data maintains steady growth by focusing on its niche within the data observability market, securing a Series A round and expanding its customer base. Despite ongoing competitive pressure from incumbents, the company grows its revenue to approximately $25M within two years, leading to an acquisition or Series B valuation of $150M, a 150% upside from the current estimated $60M valuation.

Bear (35%)-70%

Elementary Data struggles to differentiate against well-funded incumbents and direct competitors, leading to slower-than-expected customer acquisition and revenue growth. The company faces challenges in securing a follow-on funding round at a favorable valuation, potentially resulting in a down round or an exit at a valuation of $18M, representing a 70% downside from the current estimated $60M valuation, significantly impacting common stock value.

Est. time to liquidity~3.5 years

Preference Stack Risk

moderate

Based on an estimated current valuation of $60M and $8M in total funding, investors hold approximately $8M in liquidation preferences ahead of common shareholders. In an exit at or below $8M, common shareholders would receive little to nothing.

Dilution Risk

high

As an early-stage company that has only completed a Seed round, Elementary Data will likely undergo several more funding rounds (e.g., Series A, B, C) to fuel its growth, which will dilute existing common stock holders.

Secondary Liquidity

none

There is no active secondary market for Elementary Data shares at this early stage of the company's lifecycle.

View all 2 open roles at Elementary →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “Given the strong competitive landscape with players like Monte Carlo, Datadog, and Databricks, how does Elementary Data plan to differentiate and expand its market share beyond its current dbt-centric approach, especially considering the noted limitations in enterprise features and scalability?”

  • 2

    “With the total funding at $8M from a Seed round in late 2022, what is the company's strategy for its next funding round (e.g., Series A), and what key milestones (e.g., revenue targets, customer growth) are critical to achieving a favorable valuation?”

  • 3

    “The data observability market is seeing increasing integration of AI. How is Elementary Data leveraging its 'AI in Data Quality' segment to build a sustainable competitive advantage and address the evolving needs for autonomous data quality and root cause analysis?”

Community

Valuation Sentiment

Our model estimates -84% 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.