-21%

est. 2Y upside i

Series C

Rank

#3336

Sector

Autonomous Vehicles

Est. Liquidity

~4Y

Data Quality

Data: Medium

Waabi's equity offers a high-risk, potentially low expected return of -21% over two years due to its steep $3B valuation relative to current $39M ARR and high preference stack.

Last updated: July 3, 2026

Bull (15%)+95%

Exit multiple expands to 50x as Uber partnership drives category leadership and IPO speculation, yielding ~$6B exit. Net of 5% dilution, 95% upside.

Base (50%)-25%

Multiple converges to 20x with moderate revenue growth, exit at $2.4B. Net of 5% dilution, -25% return.

Bear (35%)-65%

Multiple compresses to 10x due to incumbent competition and slow execution, exit at $1.2B. Net of 5% dilution and preference overhang, -65% return.

Est. time to liquidity~4.0 years

Preference Stack Risk

severe

Funding Intensity

264100%

Total preferred stock of $1.03B represents 34% of the $3B valuation, giving preferred investors a large claim.

Dilution Risk

low

With a $750M Series C just raised, near-term dilution from a new equity round is minimal; however, option pool increases are possible.

Secondary Liquidity

none

No secondary market activity observed; liquidity is entirely dependent on IPO or acquisition.

Software — 27 roles

Systems Engineering and Safety — 8 roles

Internships / Co-ops — 5 roles

Operations — 4 roles

Finance — 2 roles

Hardware — 2 roles

Commercial — 1 role

People & Places — 1 role

View all 50 open roles at Waabi →

Last updated: February 22, 2026

Questions to Ask at the Interview

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

  • 1

    “How does Waabi's Physical AI approach differentiate from Waymo's HD map-heavy strategy?”

  • 2

    “What milestones would trigger a step-change in revenue from the Uber partnership?”

  • 3

    “Given the high preference stack, how does the company plan to manage dilution in future rounds?”

Community

Valuation Sentiment

Our model estimates -21% 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.