-5%

est. 2Y upside i

AI & MLSeries A

Rank

#3051

Sector

Generative AI

Est. Liquidity

~5Y

Data Quality

Data: Low

Splash offers a high-risk equity opportunity with no recent financials or revenue data.

Last updated: July 3, 2026

Bull (10%)+200%

Generative AI music market explodes on Roblox; Splash becomes dominant platform for user-generated music, leading to acquisition at 4x current valuation. Potential 200% net upside after 20% dilution.

Base (50%)+30%

Gradual growth in creator subscriptions and Roblox monetization; valuation modestly increases to $104M, yielding 30% net upside after dilution.

Bear (40%)-100%

Competition from Suno and Big Tech erodes market share; Roblox game under review limits distribution; cash burn forces down round wiping out common equity. Common stock recovers -100% as exit below $23M funding.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

2875%

With $23M total funding on $80M valuation (28.75% ratio), common stock recovery is heavily subordinated in a downside exit.

Dilution Risk

high

Likely requires a new round within 2 years due to 176 employees and no revenue disclosed; assume 20% dilution.

Secondary Liquidity

none

No secondary market activity detected.

Questions to Ask at the Interview

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

  • 1

    “How do you plan to differentiate Splash's music AI from Suno and Udio given their rapid growth?”

  • 2

    “What is the revenue split between Roblox in-game purchases and Splash Pro subscriptions, and what are growth trends?”

  • 3

    “Given the CEO change and lack of recent funding, what is the board's plan for liquidity and capital strategy?”

Community

Valuation Sentiment

Our model estimates -5% 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.