Amount$238M
Post-money valuation$3B
SeriesSeries G
AnnouncedSep 19, 2023
Revenue multiple19.6×
Valuation step-up1.2×
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 G round.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 1.2× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series G rounds (105)
Round size distribution59th pct
smaller Series G roundslarger
Post-money valuation30th pct
$160Mthis round: $3B$25B
vs. Enterprise, Network, Cyber Security, Threat Intelligence, Wide Area Network (WAN), Software Defined (SD) (7)
Round size in sector100th pct
$20Mthis round: $238M$238M
