-79%

est. 2Y upside i

CybersecuritySeries A

Koi gives enterprises complete visibility and control over every piece of software - extensions, packages, apps, and AI models. By surfacing blind spots traditional tools miss, Koi helps security teams detect risks early, enforce policy, and protect endpoints without slowing innovation.

Rank

#4083

Sector

Cybersecurity

Est. Liquidity

~0Y

Data Quality

Data: High

Koi was acquired by Palo Alto Networks for an estimated $400M, matching its prior analyst valuation.

Last updated: March 10, 2026

Bull (15%)+15%

The job seeker's equity is fully honored, and they significantly benefit from founders' compensatory bonuses, potentially converting into Palo Alto Networks shares, leading to a 15% gain over their initial Koi grant value through favorable post-acquisition terms.

Base (60%)0%

Koi was acquired by Palo Alto Networks for $400M, matching its prior valuation. Assuming the job seeker's equity was formally granted and vested, they would realize their pro-rata share of the $352M common equity pool after investor preferences, resulting in a 0% return on their initial grant value. Founders' bonuses for ungranted options mitigate broader employee frustration.

Bear (25%)-50%

Despite founders allocating personal proceeds as bonuses, the job seeker's equity value is significantly impaired due to the reported issue of ungranted stock options, resulting in a 50% loss of their expected value from the $400M acquisition.

Est. time to liquidity~0.0 years

Preference Stack Risk

moderate

Funding Intensity

12%

Investors holding $48M in preferred shares would likely receive their capital back first from the $400M acquisition price, leaving $352M for common shareholders.

Dilution Risk

low

No further dilution for Koi equity as the company has been acquired.

Secondary Liquidity

none

No secondary market for Koi equity exists post-acquisition.

Questions to Ask at the Interview

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

  • 1

    “Given the acquisition by Palo Alto Networks, how is the company addressing the reported issue of ungranted stock options for employees, and what specific mechanisms are in place to ensure fair compensation, including potential conversion to Palo Alto Networks shares, for new hires?”

  • 2

    “With Koi's agentless platform now integrated into Palo Alto Networks' Cortex XDR and Prisma AIRS, what are the strategic plans for product development and market expansion, particularly concerning the 'Agentic Endpoint Security' vision?”

  • 3

    “Considering the acquisition has just occurred, what does the equity package for this role consist of (e.g., Palo Alto Networks RSUs, cash bonuses, earn-outs), and what is the expected vesting schedule and liquidity timeline?”

Community

Valuation Sentiment

Our model estimates -79% 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.