Amount$40M
Post-money valuation$200M
SeriesSeries B
AnnouncedAug 11, 2020
SectorEnterprise, Cyber Security, Network
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
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 distribution63th pct
smaller Series B roundslarger
Post-money valuation18th pct
$35Mthis round: $200M$2.6B
vs. Enterprise, Cyber Security, Network (4)
Round size in sector75th pct
$5Mthis round: $40M$100M
