-10%

est. 2Y upside i

Series A

AI meeting recording and note-taking platform for sales teams

Rank

#3144

Sector

B2B SaaS

Est. Liquidity

~2Y

Data Quality

Data: Low

Equity expected upside is -9.7% over 2 years, reflecting high dilution risk, preference overhang, and critical incumbent competition.

Last updated: July 3, 2026

Bull (10%)+50%

Exit multiple of 8x on $15.65M revenue yields $125.2M exit; after $20M preference, common worth $105.2M vs $62M entry, net of dilution yields 49.7% upside. Possible if IPO market reopens and Grain sustains growth.

Base (50%)+12%

Exit multiple of 6.5x gives $101.7M exit; common $81.7M, net of dilution yields 11.8% upside. Likely path if growth continues but multiples compress toward comp range.

Bear (40%)-51%

Exit multiple of 4x gives $62.6M exit; common $42.6M, net of dilution yields -51.3% downside. Triggered by aggressive incumbents or failed fundraising.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

24%

$20M total funding creates 24.4% preference overhang on estimated $82M valuation

Dilution Risk

high

Likely need to raise within 24 months; estimated 20% dilution from future rounds

Secondary Liquidity

none

No secondary market activity detected

Other — 2 roles

View all 2 open roles at Grain →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Grain plan to differentiate against native AI meeting features from Zoom, Microsoft, and Google?”

  • 2

    “What is the current cash burn rate and when do you anticipate needing to raise the next round?”

  • 3

    “What is the most recent 409A common stock valuation and has it changed since the Series A?”

Community

Valuation Sentiment

Our model estimates -10% 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.