+86%

est. 2Y upside i

Series A

GreaseBoss verifes industrial machinery is greased correctly

Rank

#821

Sector

Industrial IoT

Est. Liquidity

~7Y

Data Quality

Data: Low

GreaseBoss has genuine strategic credibility — marquee mining customers (Rio Tinto, Glencore, Newmont) and a defensible industrial IoT niche with 60% gross margins — but the equity mechanics are severely unfavorable for employees: $4.55M in total liquidation preferences exceeds the $2.9M current valuation, meaning common stock is worth $0 in any exit at today's price.

Last updated: May 14, 2026

Bull (18%)+350%

Revenue scales to $3M+ ARR via land-and-expand within Glencore and Rio Tinto accounts, supporting a Series B at ~$24M (8x ARR). After clearing $4.55M in preferences and absorbing ~25% dilution, a grant at today's $2.9M valuation returns approximately 3.5x.

Base (50%)+100%

Revenue grows to $1.5–2M ARR within two years, supporting a raise at $10–12M valuation. After $4.55M in liquidation preferences and ~20% dilution, employee common stock roughly doubles versus the grant price.

Bear (32%)-85%

Growth stalls below $1.2M ARR, the next funding round fails or prices at a distressed $4–5M valuation. With $4.55M in senior preferences absorbing nearly all proceeds, common stockholders receive a near-zero payout.

Est. time to liquidity~7.0 years

Preference Stack Risk

severe

Funding Intensity

157%

Total liquidation preferences of $4.55M exceed the $2.9M current valuation by 57%, meaning employees receive $0 in any exit at or below today's implied company value.

Dilution Risk

high

A 10-person team at $900K ARR will require multiple future capital raises, with each round expected to dilute existing common stockholders by 20–30%.

Secondary Liquidity

none

No secondary market activity is expected for a 10-person Australian industrial IoT startup at this stage of development.

Questions to Ask at the Interview

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

  • 1

    “Given Rio Tinto and Glencore are already customers, what does the land-and-expand playbook look like — how many active grease points are under contract per account today, and what is the internal path to $10M ARR?”

  • 2

    “What is the current ARR and YoY growth rate, and how does revenue split between hardware (sensors and gateways) and recurring software subscriptions per grease point?”

  • 3

    “With $4.55M in total funding against a $2.9M valuation, at what exit price does the cap table show common stockholders receiving their first dollar of proceeds, and has the board modeled a realistic acquisition scenario?”

Community

Valuation Sentiment

Our model estimates +86% 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.