-62%

est. 2Y upside i

AI & MLSeries B

Rank

#1660

Sector

Artificial Intelligence Software

Est. Liquidity

~4Y

Data Quality

Data: Medium

Voxel51 operates in a massive and growing AI market with a differentiated open-source offering.

Last updated: March 10, 2026

Bull (15%)+300%

Voxel51's open-source FiftyOne achieves widespread developer adoption, driving significant enterprise conversions for FiftyOne Teams. Strategic partnerships and continued innovation in visual AI lead to accelerated revenue growth, reaching $50M+ by 2028 and justifying a $540M valuation (4x current) as a leader in data-centric visual AI.

Base (50%)+75%

Voxel51 maintains its niche in data-centric visual AI, growing steadily by converting open-source users to enterprise customers. Revenue reaches ~$25M by 2028, leading to an acquisition or later-stage funding round at a ~$236M valuation (1.75x current), reflecting solid execution despite incumbent competition.

Bear (35%)-65%

Intense competition from well-funded incumbents and other startups, coupled with slower-than-expected enterprise adoption, limits Voxel51's growth. Revenue stalls at ~$15M by 2028, leading to a down round or acquisition at a significantly reduced valuation of ~$47M, resulting in minimal or no returns for common stock holders due to the $46M preference stack.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Investors hold $46M in liquidation preferences ahead of common stock. In an exit at or below the estimated $135M valuation, common stock holders would see significantly reduced or no returns after investors are paid back their $46M.

Dilution Risk

high

As a Series B company, Voxel51 will likely require 1-2 more funding rounds, which will lead to further dilution for existing equity holders.

Secondary Liquidity

none

At the Series B stage, secondary liquidity for employee equity is typically non-existent or very limited.

View all 8 open roles at Voxel51

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Voxel51's data — designed to show you've done your homework.

  • 1

    Given the strong presence of incumbents like Google Cloud Vision AI and Scale AI in adjacent or overlapping areas, how does Voxel51 plan to maintain and expand its competitive moat, particularly for its enterprise offering, FiftyOne Teams?

  • 2

    With ~$9M in revenue and a rapidly growing TAM, what are the key strategic initiatives to accelerate revenue growth beyond the current trajectory, and how do recent product launches like FiftyOne Open Source 1.0 contribute to that plan?

  • 3

    Considering the Series B funding round and the current market conditions, what is the company's anticipated timeline for a liquidity event, and how does the preference stack impact the potential returns for common stock holders?

Community

Valuation Sentiment

Our model estimates -62% 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.