-56%

est. 2Y upside i

HealthcareSeries A

New Lantern accelerates radiology with cloud & AI powered medical image analysis. We're in stealth, and we are actively hiring software engineers. If you're curious and interested in architecting the future of medical imaging & disease diagnosis, we're hiring.

Rank

#3347

Sector

Healthcare AI, Medical Imaging, SaaS

Est. Liquidity

~7Y

Data Quality

Data: Low

Equity upside is highly uncertain and likely negative given the steep entry multiple (54.5x revenue) vs. public comps.

Last updated: July 19, 2026

Bull (20%)+20%

Multiple holds at 30x revenue (AI hype sustained; IPO window opens). Exit value $84M, but 20pp dilution and 38% preference overhang limit net upside to ~20%.

Base (55%)-64%

Multiple converges to public comp range of 10-15x forward revenue. Exit value ~$33.6M, common stock faces ~64% loss after dilution and preference.

Bear (25%)-100%

Multiple compresses to 5x, exit value $14M below $23M liquidation preference; common stock worthless, -100% loss.

Est. time to liquidity~7.0 years

Preference Stack Risk

severe

Funding Intensity

38%

Total preferred stock liquidation preference of $23M represents 38% of the assumed $60M entry valuation, significantly diluting common stock value.

Dilution Risk

moderate

With $23M funding and $1.1M revenue, runway is ~4.5 years; a future raise is possible but not imminent within 24 months.

Secondary Liquidity

none

No secondary market activity detected; equity is illiquid until a liquidity event.

Engineering — 4 roles

Operations — 4 roles

Sales — 1 role

View all 9 open roles at New Lantern →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does your platform differentiate from PACS-integrated AI solutions offered by large EHR vendors?”

  • 2

    “What is the current annual recurring revenue (ARR) growth rate and churn?”

  • 3

    “What is the company's strategy to achieve liquidity (IPO or acquisition) given the $23M preference stack?”

Community

Valuation Sentiment

Our model estimates -56% 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.