Amount$40M
Post-money valuation$150M
SeriesSeries B
AnnouncedMay 13, 2020
SectorEnterprise, Cyber Security
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B 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.
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 valuation14th pct
$35Mthis round: $150M$2.6B
vs. Enterprise, Cyber Security (106)
Round size in sector92th pct
$100Kthis round: $40M$37M
