Amount$300M
Post-money valuation$3B
SeriesSeries D
AnnouncedNov 20, 2024
Revenue multiple176.5×
Valuation step-up2.1×
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
Larger than the typical Series D round (3.8×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 2.1× 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 distribution89th pct
smaller Series D roundslarger
Post-money valuation77th pct
$65Mthis round: $3B$6B
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
