Amount$30M
Post-money valuation$1.3B
SeriesSeries D
AnnouncedApr 22, 2021
Valuation step-up1.3×
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
Solid
A solid round with healthy fundamentals.
Round size vs peers
Smaller than the typical Series D round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.3× 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 distribution16th pct
smaller Series D roundslarger
Post-money valuation44th pct
$65Mthis round: $1.3B$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
