Amount$70M
Post-money valuation$1.4B
SeriesSeries C
AnnouncedNov 26, 2024
Valuation step-up1.9×
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
In line with the typical Series C round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.9× 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 distribution68th pct
smaller Series C roundslarger
Post-money valuation72th pct
$29Mthis round: $1.4B$3B
vs. Enterprise, Cloud, Cloud Backup Posture Management (CBPM), Infrastructure (4)
Round size in sector75th pct
$20Mthis round: $70M$77M
