Amount$120M
Post-money valuation$500M
SeriesSeries D
AnnouncedMay 31, 2019
Revenue multiple10.8×
Valuation step-up2.4×
Time since last round365 mo
SectorEnterprise, Cyber Security, Endpoint Security, Malware
Sub-sectorComputer Vision, Machine Learning, Deep Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 2.4× 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 distribution65th pct
smaller Series D roundslarger
Post-money valuation11th pct
$65Mthis round: $500M$6B
vs. Enterprise, Cyber Security, Endpoint Security, Malware (8)
Round size in sector75th pct
$3Mthis round: $120M$267M
