+145%

est. 2Y upside i

Vertical SaaSSeries A

AI platform for unifying codes, assemblies, products, and specs

Rank

#165

Sector

Construction Technology, SaaS

Est. Liquidity

~3Y

Data Quality

Data: Medium

At a $9.9M entry valuation and 3x ARR multiple, even a modest convergence to public comp multiples implies ~200% base-case upside before dilution.

Last updated: August 3, 2026

Bull (20%)+305%

AI-driven product expansion and a 2025 M&A offer signal could push the multiple to 8x ARR, yielding ~$42M exit value (324.7% gross upside, 304.7% net of 20% dilution).

Base (55%)+199%

Exit at 6x forward ARR on $5.26M revenue gives ~$31.5M enterprise value (218.5% gross upside, 198.5% net of dilution), comfortably above the $11.3M preference threshold.

Bear (25%)-100%

Multiple compression to 2x ARR produces ~$10.5M exit value, below the $11.3M total funding, so preferred liquidation consumes everything and common stock returns -100%.

Est. time to liquidity~2.5 years

Preference Stack Risk

severe

Funding Intensity

11414%

Total funding of $11.3M exceeds the $9.9M valuation; a 1x liquidation preference wipes out common stock below an $11.3M exit.

Dilution Risk

high

Three years since the Series A and likely cash burn suggest a future raise could dilute common stock by 20%+ at current valuation.

Secondary Liquidity

none

No secondary trades; liquidity likely requires an M&A or IPO, currently signaling only a 2025 M&A offer.

Sales — 3 roles

View all 3 open roles at UpCodes →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How does the 2025 M&A offer interact with the Series A preference stack, and what would common stockholders recover in various exit scenarios?”

  • 2

    “What are the current ARR, NRR, logo retention, and growth rate since the December 2023 revenue print?”

  • 3

    “What is the expected runway and potential for a down round or secondary sale before an exit?”

Community

Valuation Sentiment

Our model estimates +145% 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.