Amount$25M
Post-money valuation$200M
SeriesSeries B
AnnouncedSep 9, 2020
Time since last round10 mo
SectorEnterprise, Cyber Security, Penetration Testing
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 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 distribution43th pct
smaller Series B roundslarger
Post-money valuation18th pct
$35Mthis round: $200M$2.6B
vs. Enterprise, Cyber Security, Penetration Testing (5)
Round size in sector60th pct
$5Mthis round: $25M$75M
