Workato vs Tray.io

Side-by-side comparison of model-estimated upside.

Workato

-55%

est. 2Y upside i

Series D+

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

Tray.io

-78%

est. 2Y upside i

Series D+

Rank

#4328

Sector

Enterprise SaaS / iPaaS

Est. Liquidity

~4Y

Data Quality

Data: High

Three compounding problems: 7-year stale $600M valuation, 10% growth vs 3-5x faster competitors, and MuleSoft/Salesforce bundling threat. $164M preferences mean common near-zero in realistic exits.

Last updated: March 22, 2026

Upside Comparison

Expected Upside

Workato

-55%

Tray.io

-78%

Disclaimer: These rankings are AI-generated estimates and do not constitute financial or career advice. Always conduct your own due diligence.