Subset
-68%
est. 2Y upside i
Rank
#1350
Sector
Fintech, AI, Business Software
Est. Liquidity
~3Y
Data Quality
Data: LowRogo presents a moderate upside opportunity, driven by its position in the rapidly expanding AI for finance market and recent Series C funding at a $750M valuation.
Last updated: March 10, 2026
Rogo successfully integrates Subset's technology, becoming the dominant AI agent for financial workflows, expanding beyond investment banking into private equity and hedge funds. Strong adoption by major financial institutions drives revenue to over $200M ARR by 2028, justifying a $3B+ valuation at a premium multiple in a robust AI market.
Rogo continues to grow its presence within investment banking, with Subset's spreadsheet agent proving valuable for specific tasks. Revenue grows steadily to $50M-$75M ARR by 2028, maintaining its current high valuation multiple and leading to a $1.3B valuation upon a liquidity event, such as a strategic acquisition.
Incumbent financial institutions (e.g., Goldman Sachs, Morgan Stanley) accelerate their in-house AI development, limiting Rogo's market penetration and pricing power. Integration challenges with Subset or slower-than-expected adoption leads to growth stagnation, a down round, or an exit below current valuation, resulting in a $300M valuation and significant loss for common shareholders due to liquidation preferences.
Preference Stack Risk
highInvestors hold $165M in liquidation preferences ahead of common stock, representing 22% of the current $750M valuation.
Dilution Risk
moderateAs a Series C company, Rogo has raised significant capital, but further funding rounds are possible before an exit, which could lead to additional dilution for common shareholders.
Secondary Liquidity
noneThere is no public information indicating active secondary markets or tender offers for Rogo's private shares.
Questions to Ask at the Interview
Strategic questions based on Subset's data — designed to show you've done your homework.
- 1
“Given the recent Series C funding and the acquisition of Subset, how is Rogo prioritizing its product roadmap to integrate Subset's spreadsheet agent and expand its 'agentic end-to-end AI system' for financial workflows?”
- 2
“Rogo's valuation is quite high relative to its estimated current revenue. What are the key metrics (e.g., ARR, customer growth, retention) that the company is focused on to justify this valuation and demonstrate continued rapid growth over the next 12-24 months?”
- 3
“With large financial institutions like Goldman Sachs and Morgan Stanley developing their own AI tools, how does Rogo differentiate its platform and ensure it remains a preferred solution for investment bankers and other financial professionals?”
Community
Valuation Sentiment
Our model estimates -68% 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.