+221%

est. 2Y upside i

AI & MLSeries A

Paperspace is a cloud computing and machine learning development platform for building, training, and deploying machine learning models.

Rank

#38

Sector

AI Infrastructure

Est. Liquidity

~1Y

Data Quality

Data: Low

Given the product sunset and low growth, equity upside is limited with high uncertainty.

Last updated: July 3, 2026

Bull (10%)+400%

DigitalOcean integration provides resources and scale, but product sunset limits upside. Exit multiple expands to 4x on projected revenue of $177.6M, yielding $710M valuation. Common upside capped at 400% per Series A constraint.

Base (35%)+348%

Organic growth continues at 2.21% and multiple converges to 3x. Exit valuation of $533M yields common upside of 348% after $35M preference.

Bear (55%)+108%

Product sunset causes revenue decline, multiple compresses to 1.5x. Exit valuation of $266M yields common upside of 108%, but risk of further contraction is high.

Est. time to liquidity~0.5 years

Preference Stack Risk

severe

Funding Intensity

3150%

Total funding of $35M represents 31.5% of entry valuation, so preferred stock has a significant preference that could dilute common stock in a downside scenario.

Dilution Risk

low

No anticipated future funding rounds due to acquisition; dilution from option pool is uncertain but likely minimal.

Secondary Liquidity

moderate

Acquisition by DigitalOcean provides potential for public stock liquidity, but lockups may apply.

Other — 1 role

View all 1 open roles at Paperspace →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does the product sunset affect the growth trajectory and your role?”

  • 2

    “What is the business model post-integration? Will it be sold as a separate product?”

  • 3

    “What is the equity package - is it Paperspace equity or DigitalOcean RSUs? How is liquidity treated?”

Community

Valuation Sentiment

Our model estimates +221% 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.