Amount$200M
Post-money valuation$1.1B
SeriesSeries C
AnnouncedMay 24, 2022
SectorEnterprise, Cyber Security
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series C round (4.4× the median) — an outlier.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors 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 C rounds (999)
Round size distribution94th pct
smaller Series C roundslarger
Post-money valuation62th pct
$29Mthis round: $1.1B$3B
vs. Enterprise, Cyber Security (106)
Round size in sector99th pct
$100Kthis round: $200M$37M
