Amount$340M
Post-money valuation$1.8B
SeriesSeries C
AnnouncedOct 5, 2021
Valuation step-up1.5×
Time since last round212 mo
SectorEnterprise, Cyber Security, Cloud, Compliance
Sub-sectorArtificial Intelligence, Machine Learning, Deep Learning, Natural Language Processing
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series C round (7.6× the median) — an outlier.
Syndicate size
Party round (10 investors) — diffuse ownership and signal.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.5× 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 distribution97th pct
smaller Series C roundslarger
Post-money valuation81th pct
$29Mthis round: $1.8B$3B
vs. Enterprise, Cyber Security, Cloud, Compliance (5)
Round size in sector100th pct
$7Mthis round: $340M$340M
