-24%

est. 2Y upside i

Data & AnalyticsCybersecuritySeries B

Rank

#2825

Sector

Data Governance, Cybersecurity

Est. Liquidity

~2Y

Data Quality

Data: Low

Okera's equity is now effectively Databricks equity following the May 2023 acquisition.

Last updated: July 19, 2026

Bull (20%)+57%

Data governance tailwinds from regulatory demands and Databricks integration drive multiple expansion to 12x. Revenue reaches $5.14M, exit value $61.7M, common holders recover $32.1M after preference, yielding 57% upside.

Base (55%)-18%

Multiple converges to public comp median of 9x. Revenue $5.14M, exit $46.3M, common gets $16.7M, a 18% loss relative to common's initial $20.4M stake.

Bear (25%)-100%

Multiple compresses to 5x due to competitive pressure from larger platforms. Exit value $25.7M below $29.6M preference, common stock recovers zero.

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

59%

Total funding $29.6M represents 59% of estimated entry valuation $50M, meaning common stock's initial intrinsic value is only $20.4M.

Dilution Risk

low

Acquisition by Databricks eliminates need for further fundraising, so no dilution expected.

Secondary Liquidity

limited

Databricks has occasional secondary sales, but liquidity for employees depends on company policy and IPO window.

Questions to Ask at the Interview

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

  • 1

    “How does Okera's technology differentiate from native governance features in Snowflake or Databricks?”

  • 2

    “What is the current revenue split between subscription and professional services?”

  • 3

    “What is Databricks' expected IPO timeline and how does that affect equity vesting and liquidity for employees?”

Community

Valuation Sentiment

Our model estimates -24% 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.