Amount$200M
Post-money valuation$4.2B
SeriesSeries G
AnnouncedOct 28, 2024
Revenue multiple21.0×
Valuation step-up1.2×
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 G 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 1.2× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series G rounds (105)
Round size distribution54th pct
smaller Series G roundslarger
Post-money valuation39th pct
$160Mthis round: $4.2B$25B
vs. Enterprise, IoT, Cyber Security (7)
Round size in sector86th pct
$17Mthis round: $200M$300M
