Amount$300M
Post-money valuation$1.4B
SeriesSeries C
AnnouncedApr 9, 2024
Revenue multiple82.4×
Valuation step-up2.8×
Time since last round335 mo
SectorCyber Security, Data, Enterprise, Generative AI, Data Loss Prevention, Data Security Posture Management (DSPM)
Sub-sectorArtificial Intelligence, Machine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series C round (6.7× the median) — an outlier.
Syndicate size
8 investors on the cap table.
Insider conviction
6 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 2.8× 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 distribution97th pct
smaller Series C roundslarger
Post-money valuation72th pct
$29Mthis round: $1.4B$3B
vs. Cyber Security, Data, Enterprise, Generative AI, Data Loss Prevention, Data Security Posture Management (DSPM) (4)
Round size in sector100th pct
$56Mthis round: $300M$300M
