+35%

est. 2Y upside i

CybersecuritySeries C

Rank

#1245

Sector

Cybersecurity

Est. Liquidity

~2Y

Data Quality

Data: Low

Equity upside is estimated at 35% probability-weighted over 2 years, but confidence is low due to missing current valuation and growth data.

Last updated: July 19, 2026

Bull (15%)+112%

Exit multiple expands to 6x revenue ($453.6M) due to IPO window or acquisition premium, netting 112% upside after 20% dilution from a likely future raise.

Base (50%)+48%

Exit multiple converges to 4x revenue ($302.4M) as public comps trade at 5-10x but slower growth warrants discount, yielding 48% upside after dilution.

Bear (35%)-16%

Exit multiple compresses to 2x revenue ($151.2M) due to stagnant business and competitive pressure, resulting in 16% downside after dilution; preference stack not triggered as exit above total funding.

Est. time to liquidity~2.0 years

Preference Stack Risk

low

Funding Intensity

42%

Total funding of $31.5M is small relative to estimated valuation, so preference overhang is minimal.

Dilution Risk

high

Given stale round and no growth, a new funding round is likely, diluting common stock by an estimated 20%.

Secondary Liquidity

none

No secondary market data available.

Questions to Ask at the Interview

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

  • 1

    “What is the current 409A valuation or recent secondary transaction price?”

  • 2

    “What is the revenue growth rate and recurring revenue percentage?”

  • 3

    “What is the expected timeline to liquidity (IPO or acquisition)?”

Community

Valuation Sentiment

Our model estimates +35% 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.