Amount$30M
Post-money valuation$110M
SeriesSeries B
AnnouncedMar 31, 2015
Revenue multiple24.4×
Valuation step-up1.5×
Time since last round426 mo
SectorEnterprise, Cyber Security, Information Technology (IT), Logs
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.5× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution54th pct
smaller Series B roundslarger
Post-money valuation10th pct
$35Mthis round: $110M$2.6B
