-66%

est. 2Y upside i

CybersecuritySeries A

Rank

#1034

Sector

Cybersecurity

Est. Liquidity

~6Y

Data Quality

Data: Low

Venice operates in a rapidly growing $5B+ PAM market, projected to reach over $28B by 2034, with a compelling agentless, AI-driven platform that has already secured Fortune 500 customers.

Last updated: March 10, 2026

Bull (20%)+400%

Venice rapidly gains market share by displacing legacy PAM solutions with its agentless, real-time, AI-driven platform. ARR grows to $25M-$35M within two years, justifying a 5-7x multiple on next-year's revenue, leading to a $165M valuation and a 4x return from the current valuation.

Base (45%)+75%

Venice achieves solid but not explosive growth, securing more Fortune 500 customers but facing strong competition from incumbents. ARR reaches $10M-$15M in two years, leading to a $58M valuation, representing a 75% upside.

Bear (35%)-80%

Incumbents like CyberArk and Delinea successfully counter Venice's offerings, or market adoption is slower than expected. Venice struggles to scale, leading to a down round or a low-value acquisition at $6.6M, effectively wiping out most common stock value due to liquidation preferences.

Est. time to liquidity~6.0 years

Preference Stack Risk

severe

Total funding of $33M on a $33M valuation means investors hold 100% of the company's value at the current valuation, implying common stock is worth $0 at this valuation.

Dilution Risk

high

As a Series A company, Venice will likely need multiple additional funding rounds (Series B, C, etc.) to scale, which will significantly dilute existing common stock holders.

Secondary Liquidity

none

As an early-stage, recently emerged from stealth company, there is no active secondary market or tender offers for employee equity.

View all 2 open roles at Venice →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “Given CyberArk's $20B+ market cap and Delinea's $400M+ ARR, how does Venice plan to differentiate and capture significant market share beyond its initial Fortune 500 wins, especially as incumbents are likely to adapt to the 'AI era' PAM needs?”

  • 2

    “With $33M in total funding and a Series A valuation of $33M, what is the company's current ARR, and what are the key milestones for revenue growth and profitability over the next 24 months to justify a significant step-up in valuation for future rounds?”

  • 3

    “Considering the early stage and the current funding structure, how does the company plan to ensure that employee common stock or options will yield meaningful returns in various exit scenarios, particularly given the potential for further dilution in subsequent funding rounds and the current liquidation preferences?”

Community

Valuation Sentiment

Our model estimates -66% 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.