Amount$101M
Post-money valuation$2.6B
SeriesSecondary Transaction
AnnouncedMar 13, 2024
SectorCyber Security, Policy Management, Enterprise, Information Technology (IT)
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Secondary Transaction round.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Secondary Transaction rounds (26)
Round size distribution65th pct
smaller Secondary Transaction roundslarger
Post-money valuation88th pct
$33Mthis round: $2.6B$2.6B
vs. Cyber Security, Policy Management, Enterprise, Information Technology (IT) (8)
Round size in sector88th pct
$4Mthis round: $101M$200M
