Amount$131M
Post-money valuation$1.1B
SeriesSeries E
AnnouncedNov 18, 2020
Revenue multiple31.4×
Time since last round505 mo
SectorEnterprise, Network, Cyber Security, Threat Intelligence, Wide Area Network (WAN), Software Defined (SD)
Sub-sectorMachine Learning, Artificial Intelligence, Deep Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E 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. Series E rounds (478)
Round size distribution51th pct
smaller Series E roundslarger
Post-money valuation26th pct
$103Mthis round: $1.1B$10.2B
vs. Enterprise, Network, Cyber Security, Threat Intelligence, Wide Area Network (WAN), Software Defined (SD) (7)
Round size in sector71th pct
$20Mthis round: $131M$238M
