-10%

est. 2Y upside i

CybersecuritySeries B

Vega offers a lightweight Security Analytics fabric that introduces a new, AI-native, approach to interacting with security data wherever it sits, giving analysts complete visibility and detection coverage, without a single migration, replacement or compromise.

Rank

#2520

Sector

Cybersecurity

Est. Liquidity

~5Y

Data Quality

Data: Low

Vega's equity is highly speculative due to missing revenue and growth data; the $800M valuation and $185M preference stack create a ~23% overhang, and dominant incumbents pose serious risks.

Last updated: July 21, 2026

Bull (10%)+150%

Strong product adoption and AI-native differentiation drive rapid growth; exit multiple expands to 20x on $85M ARR within 24 months, yielding a $1.7B valuation. IPO window opens or strategic acquisition occurs.

Base (50%)+30%

Steady growth to ~$50M ARR with multiple compressing to 15x, resulting in a $750M valuation; further dilution from a Series C reduces net common upside to ~30%.

Bear (40%)-100%

Incumbents (Splunk, Palo Alto) dominate, slowing adoption; revenue stalls below expectations, forcing a down round or exit below $200M, leaving common stock worthless after preference liquidation.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

23%

Total funding of $185M on an $800M valuation implies a 23.1% liquidation preference overhang; common equity will only participate above $185M exit.

Dilution Risk

moderate

With $185M raised and 100 employees, a Series C within 12-24 months is likely, potentially diluting common shareholders by 15-25%.

Secondary Liquidity

none

No secondary market transactions or employee tender offers have been reported; liquidity is locked until an exit event.

Other — 1 role

View all 1 open roles at Vega →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “How do you plan to sustain competitive advantage against incumbents like Splunk and Palo Alto Networks as they add AI features?”

  • 2

    “What is the current annualized revenue run-rate and the primary unit economics (e.g., contract value, retention)?”

  • 3

    “Given the preference overhang and likely dilution from future rounds, what is your realistic ownership percentage projection over 5 years?”

Community

Valuation Sentiment

Our model estimates -10% 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.