Amount$30M
Post-money valuation$120M
SeriesSeries B
AnnouncedMay 31, 2018
Time since last round420 mo
SectorEnterprise, Cyber Security, Personal Identifiable Information, Data Protection, Data Security Posture Management (DSPM), Data Loss Prevention
Sub-sectorMachine Learning, Artificial Intelligence, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
7 investors on the cap table.
Insider conviction
5 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 B rounds (996)
Round size distribution54th pct
smaller Series B roundslarger
Post-money valuation12th pct
$35Mthis round: $120M$2.6B
vs. Enterprise, Cyber Security, Personal Identifiable Information, Data Protection, Data Security Posture Management (DSPM), Data Loss Prevention (8)
Round size in sector50th pct
$2Mthis round: $30M$70M
