-6%

est. 2Y upside i

CybersecuritySeries C

Infrastructure access management platform for databases servers and clusters

Rank

#2663

Sector

Cybersecurity

Est. Liquidity

~1Y

Data Quality

Data: Low

StrongDM was acquired in March 2026 at an undisclosed price.

Last updated: July 3, 2026

Bull (10%)+20%

Acquisition at 20% premium to secondary valuation yields 20% upside for common equity. Drivers: Delinea's strategic interest and IPO window.

Base (50%)0%

Acquisition at secondary valuation of $335.5M results in no upside. Liquidity is achieved but no value creation.

Bear (40%)-20%

Adverse scenario with acquisition at 20% discount to secondary valuation yields -20% company-level return. Common still recovers above preference stack.

Est. time to liquidity~1.0 years
Adjusted for competitive dynamics: -15% (raw: -6%, adjustment: -9%)

Preference Stack Risk

moderate

Funding Intensity

29%

Total preferred funding of $96M represents 28.6% of entry valuation

Dilution Risk

low

Post-acquisition, no further dilution expected

Secondary Liquidity

active

Secondary market valuation of $335.5M in May 2025 and subsequent acquisition

Engineering — 1 role

View all 1 open roles at StrongDM →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does StrongDM differentiate from CyberArk and Okta in the mid-market?”

  • 2

    “What is the revenue growth trajectory post-acquisition?”

  • 3

    “What is the equity structure and vesting schedule now that the company is part of Delinea?”

Community

Valuation Sentiment

Our model estimates -6% 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.