+500%

est. 2Y upside i

AI & MLSeries A

Never take notes again with the #1 AI Meeting Assistant

Rank

#19

Sector

AI Meeting Intelligence

Est. Liquidity

~2Y

Data Quality

Data: Medium

Fathom offers exceptional equity upside potential (600%+ expected) due to its low stale valuation ($73M) vs. high revenue ($30M ARR growing 200% YoY).

Last updated: July 19, 2026

Bull (20%)+380%

Exit multiple expands to 10x (IPO window) on projected $159.4M ARR. Gross upside ~1647% capped at +400% per Series A constraint, net of 20pp dilution yields +380%.

Base (35%)+972%

Exit multiple converges to 6.5x (middle of public-comp range). Projected exit value $1.04B, gross upside 1319% net of 20pp dilution gives 972%.

Bear (45%)+535%

Exit multiple compresses to 3x (below comps) due to incumbent competition. Exit value $478M, gross upside 555% net of 20pp dilution yields 535%.

Est. time to liquidity~2.0 years

Preference Stack Risk

severe

Funding Intensity

41%

$30M total funding vs $73M entry valuation (41% ratio) gives preferred holders significant liquidation preference.

Dilution Risk

high

Company is likely to raise additional capital within 2 years, expecting ~20% dilution from option pools and future rounds.

Secondary Liquidity

none

No secondary market trades reported; shares are completely illiquid until exit.

Coding Quality — 1 role

View all 1 open roles at Fathom →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Fathom plan to differentiate its AI meeting intelligence against native offerings from Zoom, Google, and Microsoft?”

  • 2

    “What is the path to profitability given the generous free tier and high customer acquisition costs?”

  • 3

    “What is the expected timeline for a liquidity event (IPO or acquisition) and what are the key milestones?”

Community

Valuation Sentiment

Our model estimates +500% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.