+157%

est. 2Y upside i

Data & AnalyticsAI & MLSeries B

Prefect is a new workflow management system, designed for modern infrastructure and powered by the open-source Prefect Core workflow engine.

Rank

#136

Sector

Data Orchestration, MLOps, AI Automation

Est. Liquidity

~5Y

Data Quality

Data: Medium

Prefect's equity offers a probability-weighted 2-year upside of ~157%, but the significant liquidation preference and expected dilution from a new funding round add risk.

Last updated: July 19, 2026

Bull (25%)+280%

Revenue reaches $22.5M with 10x multiple, yielding $224M exit. Enabled by IPO market reopening and category leadership from Dagster acquisition. After 20% dilution, upside 280%.

Base (50%)+223%

Revenue grows to $22.5M, multiple stabilizes at 6x for $135M exit. After dilution, upside 223%.

Bear (25%)-100%

Multiple compresses to 2x on $22.5M revenue, exit $45M below preference. Common stock wiped out, -100%.

Est. time to liquidity~5.0 years

Preference Stack Risk

severe

Funding Intensity

119%

Total liquidation preference of $46.7M exceeds current $39.3M valuation, putting common stock underwater on a liquidation basis.

Dilution Risk

high

Last raise was 4+ years ago; a new round is likely within 12-24 months, potentially diluting existing holders by ~20%.

Secondary Liquidity

none

No secondary market activity observed.

Engineering — 1 role

Go To Market — 1 role

Product — 1 role

View all 3 open roles at Prefect →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does the Dagster acquisition accelerate the path to $100M ARR?”

  • 2

    “What is the company's strategy to differentiate from Databricks' orchestration capabilities?”

  • 3

    “What is the expected timeline and vehicle for employee liquidity (IPO, secondary, M&A)?”

Community

Valuation Sentiment

Our model estimates +157% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.