-11%

est. 2Y upside i

AI & MLDevOps & InfraSeries B

Tembo is building AI background agents that monitor, detect, and act without being asked (but we also let you manually trigger work too). we're changing how technical teams operate—delivering autonomous intelligence that makes CTOs rethink their entire stack.

Rank

#2553

Sector

AI-powered Developer Productivity, Database Management

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity offers negative expected value (-11%) based on an $80M entry valuation and estimated $5M revenue (16x multiple).

Last updated: August 21, 2026

Bull (20%)+62%

AI coding agent adoption accelerates, driving Tembo to $9.7M revenue and a 15x forward multiple (top of comp range), yielding a $145M exit. After 20% dilution, equity returns ~62%, assuming a favorable IPO window opens.

Base (40%)+1%

Revenue grows to $9.7M but exit multiple normalizes to 10x, implying a $97M exit and essentially flat returns after dilution. This reflects steady execution offset by intense cloud incumbent competition and lack of distinct exit catalyst.

Bear (40%)-59%

Growth disappoints and multiple compresses to 5x, exit value of $48M remains above the $31.8M liquidation preference but is far below the $80M entry valuation. Net equity return crashes -59% after dilution, likely signaling a down round.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

3975%

Liquidation preference of $31.8M equals 40% of the $80M entry valuation, meaning common shareholders only receive value after preferred is fully covered.

Dilution Risk

high

With the latest round 20 months old and total funding $31.8M, a new raise within 24 months is probable, potentially diluting existing shareholders by 15-25%.

Secondary Liquidity

none

No secondary market evidence; employee equity is likely illiquid until an exit.

Questions to Ask at the Interview

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

  • 1

    “How does Tembo plan to differentiate from Google, AWS, and Microsoft's AI coding tools over the next 24 months?”

  • 2

    “What is the current ARR and burn multiple, and what is the concrete path to $15M+ ARR?”

  • 3

    “What is the current common stock fair value, and what dilution protection or refresh grants are available?”

Community

Valuation Sentiment

Our model estimates -11% 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.