Amount$125M
Post-money valuation$2B
SeriesSeries E
AnnouncedFeb 9, 2021
Revenue multiple66.7×
Valuation step-up1.8×
Time since last round451 mo
SectorEnterprise, IoT, Cyber Security
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.8× 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 (478)
Round size distribution50th pct
smaller Series E roundslarger
Post-money valuation52th pct
$103Mthis round: $2B$10.2B
vs. Enterprise, IoT, Cyber Security (7)
Round size in sector71th pct
$17Mthis round: $125M$300M
