Amount$175M
Post-money valuation$5.1B
SeriesSeries E
AnnouncedMar 16, 2020
SectorInfrastructure as Code
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E round.
Syndicate size
8 investors on the cap table.
Insider conviction
5 existing investors re-upped — insiders doubling down.
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 E rounds (478)
Round size distribution65th pct
smaller Series E roundslarger
Post-money valuation78th pct
$103Mthis round: $5.1B$10.2B
vs. Infrastructure as Code (7)
Round size in sector100th pct
$5Mthis round: $175M$175M
