Hiro Systems

hiro.so →

+27%

est. 2Y upside i

DevOps & Infra

Hiro Systems build developer tools for Bitcoin L1 and the Stacks L2

Rank

#1452

Sector

Developer Tools

Est. Liquidity

~3Y

Data Quality

Data: Low

Given the severe preference overhang ($76M vs estimated $150M valuation) and high competitive threat, the expected upside is moderate (~27%) with high risk.

Last updated: July 3, 2026

Bull (10%)+100%

IPO or significant adoption of Stacks driving multiple expansion to 10x forward revenue. After 20% dilution, upside capped at 100% under late-stage constraints.

Base (55%)+47%

Multiple converges to 7x as growth stabilizes. Exit value $250.6M, net of 20% dilution yields 47.1% upside.

Bear (35%)-25%

Multiple compresses to 4x due to competitive pressure from Ethereum/Solana infrastructure. Exit value $143.2M, after dilution -24.5% loss.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

5067%

Total funding of $76M represents 50.7% of estimated $150M entry valuation, meaning preferred holders have a large claim.

Dilution Risk

high

With $17.4M ARR and no profitability, additional funding likely within 2 years, estimated 20% dilution from option pool and new round.

Secondary Liquidity

none

No secondary market activity reported.

Other — 2 roles

  • Sr Software Engineer, Platform Engineering · Our globally distributed team includes ex-founders, computer scientists, self-taught engineers, parents, bakers, musicians and chess players. Ours is a small (but mighty!) team full of passionate and thoughtful individuals from diverse backgrounds. Our daily rituals and meetings are planned to be remote friendly and considerate of different time zones. Our work culture emphasizes flexible working hours and online communication (Discord, GitHub, Zoom).
  • Sr. DevOps Engineer Engineering · We're remote first from
View all 2 open roles at Hiro Systems →

Last updated: July 3, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Hiro plan to differentiate from Alchemy/Infura as they expand into Bitcoin layers?”

  • 2

    “What is the revenue growth trajectory post-SEC resolution?”

  • 3

    “What is the current cash runway and when do you anticipate needing another round?”

Community

Valuation Sentiment

Our model estimates +27% 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.