Amount$77M
Post-money valuation$750M
SeriesSeries B
AnnouncedOct 1, 2024
Valuation step-up3.5×
Time since last round93 mo
SectorEnterprise, Cloud, Cloud Backup Posture Management (CBPM), Infrastructure
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (2.8×).
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 3.5× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution82th pct
smaller Series B roundslarger
Post-money valuation50th pct
$35Mthis round: $750M$2.6B
vs. Enterprise, Cloud, Cloud Backup Posture Management (CBPM), Infrastructure (4)
Round size in sector100th pct
$20Mthis round: $77M$77M
