Amount$185M
Post-money valuation$1.4B
SeriesSeries D
AnnouncedJul 27, 2021
Revenue multiple8.4×
Valuation step-up4.2×
Time since last round285 mo
SectorFintech, Cyber Security, Insurance, Cyber Risk, Claims, Underwriting
Sub-sectorArtificial Intelligence, Machine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series D round (2.3×).
Syndicate size
Party round (11 investors) — diffuse ownership and signal.
Insider conviction
7 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
4.2× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution77th pct
smaller Series D roundslarger
Post-money valuation47th pct
$65Mthis round: $1.4B$6B
vs. Fintech, Cyber Security, Insurance, Cyber Risk, Claims, Underwriting (6)
Round size in sector100th pct
$6Mthis round: $185M$34M
