Amount$100M
Post-money valuation$550M
SeriesSeries B
AnnouncedNov 3, 2022
Time since last round751 mo
SectorEnterprise, Risk Management, Cyber Security, Information Technology (IT), Development, DevOps, DevSecOps
Sub-sectorMachine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (3.6×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
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 distribution89th pct
smaller Series B roundslarger
Post-money valuation39th pct
$35Mthis round: $550M$2.6B
