-74%

est. 2Y upside i

HardwareSeries D+

Rank

#3867

Sector

Semiconductors

Est. Liquidity

~4Y

Data Quality

Data: Low

Given the stale June 2022 valuation of $1.5B versus $100M revenue (15x multiple), high incumbent threat, and likely need for a dilutive raise, the expected equity upside over 2 years is severely negative at -74%.

Last updated: July 3, 2026

Bull (10%)-15%

If Vayyar maintains growth and an IPO window opens, the revenue multiple could sustain at ~10x, but dilution from a required funding round reduces net upside to -15%.

Base (45%)-62%

Multiple converges to semiconductor comp average of ~4.5x, coupled with 20% dilution from a necessary capital raise, leading to a 62% decline.

Bear (45%)-100%

Revenue falls short, multiple compresses to 2x, and exit value of $318M is below $323M in preferred liquidation preference, wiping out common equity.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

22%

Total funding $323M equals 21.5% of $1.5B valuation, meaning preferred holders would capture all proceeds in bear case up to $323M.

Dilution Risk

high

No funding in 3.5 years and layoffs indicate cash constraints; a 20% dilution from a new round is assumed.

Secondary Liquidity

none

No secondary market data available.

Questions to Ask at the Interview

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

  • 1

    How does Vayyar's single-chip radar compare to incumbents' multi-chip solutions in cost and performance?

  • 2

    What is the unit economics per sensor and how does subscription revenue contribute to margins?

  • 3

    Given the 2024 layoffs and no funding since 2022, what is the runway and path to breakeven?

Community

Valuation Sentiment

Our model estimates -74% 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.