Salt Security

salt.security →

+33%

est. 2Y upside i

Cybersecurity

Protects organizations from getting breached through their APIs.

Rank

#1308

Sector

Cybersecurity

Est. Liquidity

~3Y

Data Quality

Data: High

Salt Security offers significant upside potential given its 55% ARR growth and strong competitive position in API security.

Last updated: July 3, 2026

Bull (20%)+100%

IPO catalyst and category leadership sustain expansion multiple at 12x; exit ~$1.66B, net of 20% dilution, capped at 100% upside due to late-stage constraint.

Base (30%)+104%

Multiple converges to 8x on $138M revenue, yielding $1.1B exit; after 20% dilution, return ~104%.

Bear (50%)-37%

Multiple compresses to 5x, $690M exit; after $281M 1x preference and 20% dilution, common recovery ~$327M, a 34% loss.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

57%

Total preferred stock of $281M represents 57% of current valuation, significantly diluting common stock in downside scenarios.

Dilution Risk

high

With $75M ARR and significant funding, a future raise within 24 months is likely, causing approximately 20% dilution to existing common shareholders.

Secondary Liquidity

moderate

Secondary transactions have occurred (Feb 2026) providing some liquidity, but volume may be limited.

View all 7 open roles at Salt Security →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Salt's agentic security platform differ from Akamai's API Gateway offerings, and what is its competitive moat?”

  • 2

    “What is the path to profitability given $75M ARR and $281M raised?”

  • 3

    “Given the preference stack and potential dilutive raise, how would you assess the expected value of your equity grant?”

Community

Valuation Sentiment

Our model estimates +33% 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.