Amount$135M
Post-money valuation$1.1B
SeriesSeries E
AnnouncedJan 3, 2024
Valuation step-up1.1×
Time since last round508 mo
SectorEnterprise, Cyber Security, Cloud Native, Container, DevSecOps
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
1.1× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series E rounds (471)
Round size distribution52th pct
smaller Series E roundslarger
Post-money valuation27th pct
$1Kthis round: $1.1B$10.2B
vs. Enterprise, Cyber Security, Cloud Native, Container, DevSecOps (7)
Round size in sector100th pct
$5Mthis round: $135M$135M
