Amount$60M
Post-money valuation$1.1B
SeriesSeries D
AnnouncedMar 13, 2025
Valuation step-up1.1×
Time since last round39 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 D round.
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
1.1× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution38th pct
smaller Series D roundslarger
Post-money valuation39th pct
$65Mthis round: $1.1B$6B
vs. Enterprise, Cyber Security, Penetration Testing (5)
Round size in sector80th pct
$5Mthis round: $60M$75M
