Amount$60M
Post-money valuation$1.3B
SeriesSeries E
AnnouncedMar 18, 2024
Revenue multiple13.9×
Valuation step-up1.0×
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 E round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
1.0× valuation step-up.
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 distribution24th pct
smaller Series E roundslarger
Post-money valuation30th pct
$103Mthis round: $1.3B$10.2B
vs. Enterprise, Cyber Security, Personal Identifiable Information, Data Protection, Data Security Posture Management (DSPM), Data Loss Prevention (8)
Round size in sector88th pct
$2Mthis round: $60M$70M
