Amount$32M
Post-money valuation$1.1B
SeriesSecondary Transaction
AnnouncedFeb 13, 2024
Revenue multiple10.5×
Valuation step-up1.0×
Time since last round624 mo
SectorEnterprise, Cyber Security, Fraud, Transactions
Sub-sectorMachine Learning, Deep Learning
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Smaller than the typical Secondary Transaction round.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Down round (1.0× prior valuation).
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 distribution15th pct
smaller Secondary Transaction roundslarger
Post-money valuation24th pct
$33Mthis round: $1.1B$2.6B
vs. Enterprise, Cyber Security, Fraud, Transactions (8)
Round size in sector63th pct
$600Kthis round: $32M$70M
