-54%

est. 2Y upside i

DevOps & InfraCybersecuritySeries B

Rank

#1594

Sector

Developer Tools, Cybersecurity, SaaS

Est. Liquidity

~4Y

Data Quality

Data: Medium

Oso presents a moderate upside opportunity for a job seeker.

Last updated: March 10, 2026

Bull (20%)+214%

Oso rapidly expands its market share in the burgeoning AI agents authorization segment, leveraging its specialized policy-as-code platform (Polar) to become the de-facto standard. Revenue grows 40% YoY to ~$49M by 2028, justifying an 8x revenue multiple and a $392M valuation, significantly increasing common stock value.

Base (50%)+59%

Oso maintains its competitive position in fine-grained authorization for custom applications, growing steadily at ~26% YoY. Revenue reaches ~$39.7M by 2028, leading to a 5x revenue multiple and a ~$198.5M valuation, offering a solid return for common stock holders.

Bear (30%)-35%

Dominant incumbents like Auth0 and Okta enhance their fine-grained authorization offerings, or a well-funded competitor gains significant traction, leading to slower adoption and pricing pressure for Oso. Revenue growth slows to 10% YoY, reaching ~$30.25M by 2028, and a 3x revenue multiple results in a ~$90.75M valuation. Given the $26M liquidation preference, common stock value decreases by approximately 35%.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Investors hold $26M in liquidation preferences, representing 20.8% of the estimated $125M current valuation.

Dilution Risk

moderate

As a Series B company, Oso will likely require 1-2 more funding rounds before a potential IPO or acquisition, leading to further dilution.

Secondary Liquidity

limited

Active secondary markets or tender offers are generally uncommon for Series B stage companies, limiting immediate liquidity options for employees.

Engineering — 3 roles

Marketing — 2 roles

Sales — 2 roles

View all 7 open roles at Oso →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Oso plan to differentiate its authorization-as-a-service offering from the expanding capabilities of larger identity and access management providers like Okta and Auth0, especially as they move into fine-grained authorization?”

  • 2

    “Given the significant growth projected for the AI agents authorization market, what specific product roadmap and go-to-market strategies are in place to capture a leading share, and how will Oso overcome potential challenges in this nascent space?”

  • 3

    “With a Series B funding round completed in mid-2023, what is the company's anticipated timeline and strategy for future funding rounds or a liquidity event for employees, and how does the current preference stack impact common stock value?”

Community

Valuation Sentiment

Our model estimates -54% 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.