Developer of an end-to-end omnichannel identity platform designed to offer a frictionless customer experience at every p
Developer of an end-to-end omnichannel identity platform designed to offer a frictionless customer experience at every point of contact with a consistent level of security across multiple channels.
Network Management Software📍 San Francisco, CAFounded 2015
Current Valuation
$1.1B
as of 2021-Q4
UNICORN
QL Price
$3.0B
0% vs last round
QuantLogix's current estimate for Incode, published 2026-09-27 — in line with the last disclosed round of $3.0B (2025-11).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round
$3.0B
2025-11
weight 0.53
How this price has held up
No round has priced for Incode since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-27 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Incode, 2026-09-27 (ef29db203c79aed7).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Incode going public?
No. Incode is private and has not filed to go public. There is no S-1 on file.
What is Incode's valuation in 2026?
Incode is valued at $1.1B as of 2021-Q4, set by its Series B1 ($77M, Dec 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Incode filed an S-1?
No public S-1 is on file for Incode.
How much has Incode raised?
Incode has raised $336.98M in total, most recently a Series B1 of $77M in Dec 2021.
Is Incode publicly traded — can you buy Incode stock?
No. Incode is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Incode on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
Founded
2015
HQ
San Francisco, CA
Employees
600
Total Raised
$336.98M
Last Round
Series B1 — $77M (Dec 2021)
IPO Status
private
Fundraising Status
Series B1 · $77M · 4y 9mo ago
privateTotal raised $336.98M
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series B1
$77M
Dec 2021
—
$1.1B
Talent Signal
Hiring trend
▼ Hiring downtrend
-54% vs 2026-08
Open roles
6
via greenhouse
Product-build share
50%
engineering, research, product, design
Trajectory
tightening
product-led hiring — 50% of open roles build product; the rest are go-to-market and G&A.
Open roles trending down; no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
DevOps EngineerSenior Backend EngineerSite Reliability EngineerBusiness Development Representative (EMEA)Business Development Representative - NAMData Analytics Team Lead
Counted from Incode's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q4. Refreshed quarterly.