+46%

est. 2Y upside i

AI & MLSeries A

LlamaIndex enables enterprises to build reliable, secure and scalable AI agents that can find information, synthesize insights, generate reports, and take actions over the most complex enterprise data.

Rank

#1066

Sector

Artificial Intelligence, Enterprise Software

Est. Liquidity

~4Y

Data Quality

Data: Medium

LlamaIndex offers a potential ~46% expected 2-year upside, but with high risk from incumbent clouds and likely dilution.

Last updated: August 3, 2026

Bull (20%)+179%

LlamaIndex rides the agentic AI wave, landing large enterprise deals via Microsoft/Elastic partnerships and sustaining a 12x forward multiple. Projected revenue of $23M leads to a ~$278M market cap, a ~199% pre-dilution gain; after a 20% dilution raise, upside is ~179%.

Base (35%)+54%

Revenue grows to $23M and the exit multiple settles at 7x, implying a $162M market cap — a ~74% pre-dilution gain. A likely capital raise reduces that to ~54%.

Bear (45%)-20%

Incumbent tooling from hyperscalers/OpenAI compresses the multiple to 4x and growth decelerates faster than expected. Exit value of ~$93M is just above the $27.5M liquidation preference, but the 20% dilution leaves common with ~-20% returns under these assumptions.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

25230%

Total funding of $27.5M equals ~30% of the $93M valuation, so a sub-$27.5M exit would leave common stock worth $0.

Dilution Risk

high

The Series A was raised in March 2025 and runway is likely limited, so a dilutive capital raise within 24 months is probable; assume ~20% dilution.

Secondary Liquidity

none

No secondary market activity or share buyback indicated; liquidity only emerges from a future financing, M&A, or IPO.

Engineering — 6 roles

Marketing — 1 role

People — 1 role

View all 8 open roles at LlamaIndex →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does LlamaIndex plan to defend against native AI and data tools from Microsoft, AWS, and OpenAI?”

  • 2

    “What are the top 3 metrics that dictate expansion beyond initial LlamaCloud pilots?”

  • 3

    “What is the expected dilution from the next round, and has there been any secondary liquidity for employees to date?”

Community

Valuation Sentiment

Our model estimates +46% 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.