-92%

est. 2Y upside i

FinTechAI & MLCybersecuritySeries C

Anti-money laundering and fraud detection platform for fintech

Rank

#3723

Sector

Fintech, AI, Cybersecurity

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the stale valuation and extremely high implied multiple of 77.7x on $8M revenue, the equity offers significant downside with a -91.6% expected return over 2 years.

Last updated: July 19, 2026

Bull (25%)-75%

Revenue reaches $18.6M by month 24, and the exit multiple holds at 15x (top of public comps) due to AI leadership and IPO window. Net upside after 20% dilution is -75.2%.

Base (55%)-96%

Revenue grows to $18.6M, multiple converges to 8x (mid of comps), resulting in a $148.5M exit value. After dilution, common stock loses 96% of value.

Bear (20%)-100%

Revenue disappoints, exit multiple compresses to 3x, and implied exit value of $55.7M falls below the $92M preference stack. Common stock receives nothing.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: -93% (raw: -92%, adjustment: -1%)

Preference Stack Risk

moderate

Funding Intensity

15%

Total funding of $92M represents 14.8% of current valuation, a moderate preference overhang.

Dilution Risk

high

With $8M revenue and $92M funding, burn rate suggests a capital raise within 24 months, potentially diluting common shareholders 15-25%.

Secondary Liquidity

none

No secondary market activity detected; staleness of valuation suggests illiquid.

Other — 1 role

View all 1 open roles at Unit21 →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Unit21's data — designed to show you've done your homework.

  • 1

    “How does Unit21's AI agent differentiation create a sustainable moat against incumbents like SAS and NICE Actimize?”

  • 2

    “What is the company's path to $100M ARR and how does the current $8M revenue base align with that?”

  • 3

    “Given the 2023 valuation, has the company considered a down round or secondary sale to reset expectations?”

Community

Valuation Sentiment

Our model estimates -92% 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.