Resistant AI

resistant.ai →

+114%

est. 2Y upside i

FinTechCybersecuritySeries B

Rank

#295

Sector

Fintech, Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: Medium

Resistant AI offers compelling upside potential (expected ~114% over two years) driven by strong moats and profitability, but the severe liquidation preference and illiquidity mean high stakes.

Last updated: August 3, 2026

Bull (25%)+256%

If the IPO window opens or Resistant AI establishes category leadership in AI-driven fraud prevention, the market could award a 7x forward revenue multiple on $54.9M projected ARR, implying a $384.3M exit—271% gross upside, 256% net of dilution.

Base (50%)+150%

Revenue grows to $54.9M and the exit multiple converges to 5x, implying a $274.5M exit—165% gross upside, 150% net of dilution.

Bear (25%)-100%

If growth disappoints and the exit multiple compresses to 1x revenue, the $54.9M exit value falls below the $55.4M liquidation preference, leaving common stock worthless (-100%).

Est. time to liquidity~2.5 years

Preference Stack Risk

severe

Funding Intensity

5350%

Preferred liquidation preference of $55.4M equals 53.5% of the current valuation, meaning common shareholders only receive value above $55.4M in an exit.

Dilution Risk

moderate

Given profitability and low capital intensity, no near-term raise is certain, but option pool expansion and potential growth financing could dilute existing holders by ~15% over 2 years.

Secondary Liquidity

none

No secondary trading market exists; liquidity is tied to acquisition or IPO, with an M&A offer of $103.5M in 2025 providing a reference but no liquidity.

Questions to Ask at the Interview

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

  • 1

    “How does Resistant AI's document corpus create a defensible moat against incumbents with larger distribution?”

  • 2

    “What is the dollar-based net revenue retention and how does the subscription model expand with AI agents?”

  • 3

    “What is the current common stock valuation per the 409A, and what is the option pool refresh policy?”

Community

Valuation Sentiment

Our model estimates +114% 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.