-55%

est. 2Y upside i

Series D+

Enterprise automation and integration platform with AI

Rank

#4156

Sector

Enterprise Software / iPaaS

Est. Liquidity

~3Y

Data Quality

Data: Medium

Workato equity has asymmetric downside: 63-70% secondary discount signals sophisticated repricing. $415M preferences mean common only benefits at high exit thresholds.

Last updated: March 20, 2026

Bull (20%)+100%

AI automation adoption, $300M ARR, IPO at 10-12x ($3-3.6B). 1.4-1.7x secondary.

Base (45%)-25%

$200-220M ARR, acquired at 6-8x ($1.2-1.75B). At/below secondary.

Bear (35%)-75%

MS/MuleSoft squeeze. Sub-20% growth. Distressed at 3-4x ($450-600M). Common wiped.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: -28% (raw: -55%, adjustment: -10%)

Preference Stack Risk

high

Funding Intensity

7%

$415M raised; sub-$1B exit = common zeroed.

Dilution Risk

moderate

No new rounds; but down-round ratchets possible.

Secondary Liquidity

limited

63-70% discount; ROFR restricted.

Other — 149 roles

View all 149 open roles at Workato →

Last updated: March 10, 2026

Questions to Ask at the Interview

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

  • 1

    “409A vs Series E strike?”

  • 2

    “Liquidity options explored?”

  • 3

    “Win rate vs MS Power Automate?”

Cluster Peers

Expected Upside

Postman
-25%
SnapLogic
-43%
Postman
-47%
Workato
-55%
Celigo
-67%
Kong
-69%
Tray.io
-78%

Community

Valuation Sentiment

Our model estimates -55% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.