-81%

est. 2Y upside i

DevOps & InfraSeries A

Infrastructure as code automation and management platform

Rank

#3609

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the company's low revenue growth (5% YoY), high preference overhang ($41.9M liquidation preference on ~$60M estimated valuation), and critical competition from HashiCorp and cloud giants, equity upside is highly negative across all scenarios.

Last updated: July 3, 2026

Bull (15%)-47%

CloudQuery merger could expand platform value, pushing multiple to 7x, but low growth and dilution still yield negative return of -46.6%.

Base (35%)-68%

Multiple converges to 5x with minimal growth, resulting in -67.6% after dilution.

Bear (50%)-100%

Preference stack of $41.9M consumes all equity as exit value remains low; common stock worthless.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: -83% (raw: -81%, adjustment: -2%)

Preference Stack Risk

severe

Funding Intensity

6983%

Total funding of $41.9M represents 70% of estimated entry valuation ($60M), creating severe downside for common stock.

Dilution Risk

high

Given low revenue and old round, future raise likely within 24 months, diluting common by ~20%.

Secondary Liquidity

none

No secondary market activity reported.

Other 2 roles

View all 2 open roles at Env0

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Env0's data — designed to show you've done your homework.

  • 1

    How does the CloudQuery merger improve revenue growth trajectory beyond the current 5%?

  • 2

    What is the company's current cash runway and fundraising plans?

  • 3

    What is the current 409A valuation and any recent secondary market activity?

Community

Valuation Sentiment

Our model estimates -81% 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.