Amount$45M
Post-money valuation$600M
SeriesSeries D
AnnouncedApr 19, 2023
Valuation step-up1.2×
Time since last round241 mo
SectorEnterprise, Cyber Security, Malware, Data Leakage Prevention
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging 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 D rounds (1,000)
Round size distribution24th pct
smaller Series D roundslarger
Post-money valuation12th pct
$65Mthis round: $600M$6B
vs. Enterprise, Cyber Security, Malware, Data Leakage Prevention (4)
Round size in sector50th pct
$30Mthis round: $45M$100M
