Amount$300M
Post-money valuation$3.4B
SeriesSeries F
AnnouncedNov 29, 2021
Revenue multiple68.0×
Valuation step-up1.7×
Time since last round451 mo
SectorEnterprise, IoT, Cyber Security
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series F round (2.3×).
Syndicate size
Healthy syndicate of 5 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 1.7× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series F rounds (255)
Round size distribution76th pct
smaller Series F roundslarger
Post-money valuation51th pct
$200Mthis round: $3.4B$15B
vs. Enterprise, IoT, Cyber Security (7)
Round size in sector100th pct
$17Mthis round: $300M$300M
