+65%

est. 2Y upside i

CybersecurityAI & MLSeries A

Irregular (formerly Pattern Labs) is the first frontier security lab, building defenses that uncover vulnerabilities and secure advanced AI before release.

Rank

#769

Sector

Cybersecurity, Artificial Intelligence

Est. Liquidity

~5Y

Data Quality

Data: Low

Irregular offers high risk and high potential reward.

Last updated: July 19, 2026

Bull (30%)+241%

Explosive growth from AI lab partnerships drives revenue to $80M in 2 years; exit multiple expands to 20x due to IPO window and category leadership, yielding 255.6% pre-dilution upside (240.6% after 15% dilution).

Base (45%)+18%

Revenue grows to $50M, multiple converges to 12x (in line with cybersecurity comps), resulting in 33.3% pre-dilution upside (18.3% after 15% dilution).

Bear (25%)-62%

Slower adoption and increased competition limit revenue to $30M; multiple compresses to 8x, leading to -46.7% pre-dilution downside (-61.7% after 15% dilution). Preference stack of $80M is covered.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

18%

Total preferred stock of $80M represents 17.8% of current valuation, creating a high preference overhang.

Dilution Risk

moderate

With $80M raised and 35 employees, runway likely exceeds 2 years, but future rounds may dilute by 15-25%.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely 5+ years away.

R&D — 7 roles

Strategy and Support — 1 role

View all 8 open roles at Irregular →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Irregular plan to defend its position against incumbents like CrowdStrike entering the AI security space?”

  • 2

    “What are the typical contract sizes and renewal rates with AI labs like OpenAI and Anthropic?”

  • 3

    “Given the early stage and high valuation, what is the expected timeline to liquidity and how does the company think about secondary sales?”

Community

Valuation Sentiment

Our model estimates +65% 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.