Amount$75M
Post-money valuation$1B
SeriesSecondary Transaction
AnnouncedJan 11, 2022
Valuation step-up5.0×
Time since last round16 mo
SectorEnterprise, Cyber Security, Penetration Testing
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Secondary Transaction round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
5.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Secondary Transaction rounds (26)
Round size distribution46th pct
smaller Secondary Transaction roundslarger
Post-money valuation18th pct
$33Mthis round: $1B$2.6B
vs. Enterprise, Cyber Security, Penetration Testing (5)
Round size in sector100th pct
$5Mthis round: $75M$75M
