Amount$142M
Post-money valuation$950M
SeriesSeries D
AnnouncedJun 1, 2022
Valuation step-up2.7×
Time since last round568 mo
SectorEnterprise, Information Technology (IT), Monitoring, Logs
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
8 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.7× 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 distribution69th pct
smaller Series D roundslarger
Post-money valuation18th pct
$65Mthis round: $950M$6B
vs. Enterprise, Information Technology (IT), Monitoring, Logs (6)
Round size in sector100th pct
$1Mthis round: $142M$55M
