Amount$59M
Post-money valuation$220M
SeriesSeries C
AnnouncedSep 30, 2015
Valuation step-up2.0×
Time since last round507 mo
SectorEnterprise, Cyber Security, Incident Response, Forensics, Endpoint Security
Sub-sectorMachine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 2.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution58th pct
smaller Series C roundslarger
Post-money valuation8th pct
$29Mthis round: $220M$3B
vs. Enterprise, Cyber Security, Incident Response, Forensics, Endpoint Security (9)
Round size in sector44th pct
$5Mthis round: $59M$200M
