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Qualtrics

private
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Qualtrics is a privately held company tracked for investment-relevant business and technology developments.

sentiment mix
bull 100%bear 0%neu 0%

funding rounds

private markets
awaiting round data

This slot renders the company's funding history: dates, rounds, amounts, valuations and lead investors once populated in data/funding-rounds.json.

signal summary

latest high-conviction thesis
Ryan Smith details Qualtrics valuation discipline: priced Series A at $2.5B vs $4B offers, IPOed at 30x after SAP acquisition▾

Smith emphasizes pricing rounds below maximum to avoid cap table bombs; Qualtrics raised at 25x, IPOed at 30x while publics traded at 15x, then dropped to $7B market cap despite hitting every quarter — proving valuation discipline matters more than peak pricing.

ryan smithT1Kleiner Perkins2026-06-15
confidence 88 / 100impact High
key themes
  • AI Applications100%
  • AI Bubble / Capex Debate100%
  • Venture Capital100%
  • Enterprise Software100%
  • AI Economics & Business Models100%

bull thesis · 1

95 / 100
  • •Ryan Smith details Qualtrics valuation discipline: priced Series A at $2.5B vs $4B offers, IPOed at 30x after SAP acquisition

bear thesis · 0

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mentions · 1

Kleiner PerkinsThe Startup Advice AI Founders Need Right Now | Qualtrics co-founder Ryan Smith1 mentions · 1▲ 0▼ 0○ · 3 months ago
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