-31%

est. 2Y upside i

AI & MLSeries A

Kaedim's machine learning and in-house art team combine to deliver production-quality assets in minutes. Kaedim specialises in developing cutting-edge Machine Learning algorithms for transforming images into digital 3D models. Our primary focus is serving game developers, offering a 10x speedup in their 3D asset production pipelines.

Rank

#2974

Sector

Generative AI, 3D Modeling

Est. Liquidity

~5Y

Data Quality

Data: Low

Given the stale $50M valuation, low revenue growth visibility, and high preference stack ($15.2M on $50M), the expected equity value is negative (-31.3% over 2 years).

Last updated: July 19, 2026

Bull (10%)+28%

Kaedim achieves category leadership in AI 3D modeling, exits at 10x forward revenue ($80.2M) on projected $8M revenue, driven by IPO window and strong adoption by game developers. After 20% dilution, upside 28.3%.

Base (55%)-23%

Revenue grows modestly to $8M, exit multiple converges to 6x (~$48M), below entry valuation. After 20% dilution, downside -23.0%.

Bear (35%)-62%

Intense competition from incumbents and startups, revenue growth stalls, exit at 3x revenue ($24M). Preference stack overhang and dilution result in -61.5% return.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

30%

Total funding of $15.2M represents 30.4% of the $50M valuation, meaning preferred shares have a significant liquidation preference over common.

Dilution Risk

high

With ~18 months since Series A and likely burn rate, a down round or additional financing could dilute common equity by 20% or more.

Secondary Liquidity

none

No secondary trading reported; liquidity will require an IPO or acquisition which may be years away.

Questions to Ask at the Interview

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

  • 1

    “How does Kaedim's AI differentiate from capabilities that Autodesk or Unity could integrate? (strategic)”

  • 2

    “What is the unit economics of your AI + human review model, and how scalable is the art team? (business model)”

  • 3

    “With a Series A round 18 months ago and growing headcount, what is the current cash runway and future fundraising plans? (equity/career)”

Community

Valuation Sentiment

Our model estimates -31% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.