Salt
+13%
est. 2Y upside i
Salt is the definitive contextual AI platform that unpacks the 'black box' of enterprise AI applications for life science and healthcare organizations. Execute complex, multi-model, nested swarms of general and specialized models in a visual-first IDE.
Rank
#1754
Sector
Cybersecurity
Est. Liquidity
~2Y
Data Quality
Data: MediumSalt offers high-risk, moderate-reward equity.
Last updated: July 19, 2026
Bull case: IPO window opens and multiple holds near 20x on $138M revenue, yielding $2.76B exit. After 20% dilution, common returns ~77%.
Base case: Multiple converges to 12.5x on $138M revenue, exit $1.73B. After dilution and preference, common returns ~3%.
Bear case: Multiple compresses to 8x, exit $1.11B. After preference ($281M) and dilution, common loses ~61%.
Preference Stack Risk
highFunding Intensity
20%Total preferred liquidation preference of $281M is 20% of current valuation, meaning common only receives proceeds above $281M.
Dilution Risk
highWith no recent funding since 2022 and high burn, a new round is expected, diluting common by ~20%.
Secondary Liquidity
noneNo secondary transactions reported; liquidity only via IPO or acquisition.
Questions to Ask at the Interview
Strategic questions based on Salt's data — designed to show you've done your homework.
- 1
“How does Salt's agentic security differ from traditional API security, and what is the TAM expansion?”
- 2
“What is the current cash burn and runway, and how does the new Salt Code product affect go-to-market?”
- 3
“Given the stale valuation and no secondary market, what is the expected IPO timeline and lockup period?”
Community
Valuation Sentiment
Our model estimates +13% 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.