Amount$103M
Post-money valuation$1B
SeriesSeries E
AnnouncedMay 20, 2019
SectorIdentity & Access Management (IAM)
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E round.
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.
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 distribution43th pct
smaller Series E roundslarger
Post-money valuation21th pct
$103Mthis round: $1B$10.2B
vs. Identity & Access Management (IAM) (24)
Round size in sector92th pct
$1Mthis round: $103M$120M
