-38%

est. 2Y upside i

CybersecuritySeries C

Infrastructure access platform for secure connectivity to servers and databases

Rank

#1578

Sector

Cybersecurity / Infrastructure IAM

Est. Liquidity

~3Y

Data Quality

Data: Low

Teleport offers moderate upside with open-source flywheel and strong customers, but stalled funding timeline and $1.1B val set high bar.

Last updated: March 20, 2026

Bull (25%)+200%

$100M+ ARR, IPO at 15-20x by 2027-2028. Zero-trust PAM mandate drives adoption.

Base (45%)+60%

$120-150M ARR, acquired at 10-12x by CyberArk/Palo Alto/Cisco.

Bear (30%)-50%

CyberArk dominates cloud PAM, Cloudflare commoditizes, down round.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

15%

$169M raised; manageable at $1.1B+ exit.

Dilution Risk

moderate

15-25% additional dilution expected.

Secondary Liquidity

none

Illiquid until IPO/M&A.

Questions to Ask at the Interview

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

  • 1

    “Current ARR and NDR?”

  • 2

    “Cash runway and profitability path?”

  • 3

    “Exit path: IPO vs acquisition?”

Cluster Peers

Expected Upside

Teleport
-38%
Island
-53%

Community

Valuation Sentiment

Our model estimates -38% upside. What do you think?

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Community Discussion

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.