Amount$100M
Post-money valuation$1.5B
SeriesSeries C
AnnouncedOct 23, 2023
Time since last round12 mo
SectorEnterprise, Cyber Security, Web Browser, Web Security
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (2.2×).
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
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 distribution82th pct
smaller Series C roundslarger
Post-money valuation79th pct
$29Mthis round: $1.5B$3B
vs. Enterprise, Cyber Security, Web Browser, Web Security (6)
Round size in sector50th pct
$60Mthis round: $100M$250M
