+152%

est. 2Y upside i

Series B

Transcend is a data privacy infrastructure that makes it simple for companies to give their users control over their personal data. Personal data is disorganized, hard to spot, and stored across many systems. That makes offering data rights like deleting data. Transcend automatically fulfills data subject requests inside companies, across all of their data systems and vendors

Rank

#114

Sector

Data Privacy

Est. Liquidity

~4Y

Data Quality

Data: Low

High risk, high potential: The severe preference overhang ($90M vs $48M valuation) makes common equity nearly worthless in a downside exit, but the large TAM and regulatory tailwinds could drive a 2-4x return if the company executes and exits above $90M.

Last updated: July 19, 2026

Bull (20%)+300%

Revenue reaches $30M with AI governance tailwinds; IPO window allows multiple expansion to 10x, implying $300M exit. Net of 20pp dilution, upside capped at 300% per Series B constraint.

Base (50%)+243%

Revenue grows to $25M via steady enterprise adoption; exit multiple converges to 7x (comp midpoint), yielding $175M exit. After 20pp dilution, net upside 243%.

Bear (30%)-100%

Growth stalls below 15%, revenue under $20M; multiple compresses to 2x, exit value below $40M. Preference stack of $90M wipes out common equity, resulting in 100% loss.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

187%

Total funding of $90M exceeds current valuation of $48M, meaning common stock is effectively worthless in any exit below $90M.

Dilution Risk

high

With only $48M valuation and $90M raised, the company likely needs additional capital, potentially causing 15-25% dilution for existing holders.

Secondary Liquidity

none

No secondary market activity detected; no secondary implied valuation available.

View all 21 open roles at Transcend →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does the preference stack affect the effective value of common stock grants?”

  • 2

    “What is the current net revenue retention and customer concentration?”

  • 3

    “What is the expected timeline to liquidity and how does the board view a potential down round?”

Community

Valuation Sentiment

Our model estimates +152% 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.