-36%

est. 2Y upside i

DevOps & InfraSeries B

Rank

#3053

Sector

Developer Tools

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the high entry valuation (15x revenue), significant incumbent threat, and 30.9% preference overhang, the expected equity upside over 2 years is severely negative (-36%).

Last updated: July 3, 2026

Bull (10%)+62%

Exit multiple holds at 15x due to potential IPO window and strong category leadership, yielding exit value of $346.5M.

Base (45%)-23%

Multiple converges to 8x in line with public comps, but still below entry multiple, resulting in exit of $184.8M.

Bear (45%)-71%

Multiple compresses to 4x due to increased competition from big tech incumbents and slowing growth, yielding exit of $92.4M.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

31%

Total funding of $58.7M represents 30.9% of current valuation, creating a high preference overhang.

Dilution Risk

moderate

No immediate raise required, but further dilution possible in future rounds.

Secondary Liquidity

none

No secondary market activity indicated.

Questions to Ask at the Interview

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

  • 1

    “How does Foxglove differentiate from in-house tooling built by big tech?”

  • 2

    “What is the current ARR and growth rate?”

  • 3

    “What is the expected liquidity timeline and have there been secondary sales?”

Community

Valuation Sentiment

Our model estimates -36% 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.