Amount$30M
Post-money valuation$215M
SeriesSeries A
AnnouncedMar 20, 2024
Time since last round93 mo
SectorEnterprise, Cloud, Cloud Backup Posture Management (CBPM), Infrastructure
Sub-sectorArtificial Intelligence
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series A round (2.7×).
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series A rounds (995)
Round size distribution85th pct
smaller Series A roundslarger
Post-money valuation55th pct
$12Mthis round: $215M$1B
vs. Enterprise, Cloud, Cloud Backup Posture Management (CBPM), Infrastructure (4)
Round size in sector50th pct
$20Mthis round: $30M$77M
