-90%

est. 2Y upside i

AI & MLSeries A

Hedra is a pioneering generative media company backed by top investors at Index, A16Z, and Abstract Ventures. We're building Hedra Studio, a multimodal creation platform capable of control, emotion, and creative intelligence.

Rank

#4221

Sector

Generative AI / AI Video

Est. Liquidity

~6Y

Data Quality

Data: Medium

High-variance, negative-expected-value equity bet. $200M at 20x ARR with thin moat against OpenAI/Google/Meta shipping commodity video synthesis. 50% bear probability is not tail risk but likely outcome.

Last updated: March 21, 2026

Bull (10%)+200%

Character-3 establishes durable lead; $80M+ ARR by 2027; acquisition by Adobe/Meta at $600M-1B.

Base (40%)-10%

Grows to $25-35M ARR but in HeyGen's shadow; flat Series B at $250-300M.

Bear (50%)-80%

OpenAI/Google ships free avatar API; growth stalls; down round wipes common.

Est. time to liquidity~6.0 years

Preference Stack Risk

moderate

Funding Intensity

22%

$44M against $200M (22%).

Dilution Risk

high

2-3 more rounds probable at 15-25% dilution each.

Secondary Liquidity

none

Series A companies rarely have tender programs.

Engineering — 7 roles

View all 7 open roles at Hedra →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Hedra close HeyGen's distribution gap with 32 people?”

  • 2

    “Burn rate and Series B milestone?”

  • 3

    “Exit scenarios within 4-year vest window?”

Community

Valuation Sentiment

Our model estimates -90% 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.