Amount$115M
Post-money valuation$1.3B
SeriesSeries B
AnnouncedMar 23, 2022
Time since last round2 mo
SectorEnterprise, Cyber Security, Web Browser, Web Security
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series B round (4.1× the median) — an outlier.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
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 distribution90th pct
smaller Series B roundslarger
Post-money valuation76th pct
$35Mthis round: $1.3B$2.6B
vs. Enterprise, Cyber Security, Web Browser, Web Security (6)
Round size in sector67th pct
$60Mthis round: $115M$250M
