Amount$30M
Post-money valuation$140M
SeriesSeries B
AnnouncedFeb 3, 2021
Valuation step-up2.8×
Time since last round361 mo
SectorDevOps, Cloud, Optimization, Cost Reduction
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging 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 B rounds (996)
Round size distribution54th pct
smaller Series B roundslarger
Post-money valuation14th pct
$35Mthis round: $140M$2.6B
