Amount$10M
Post-money valuation$40M
SeriesSeries C
AnnouncedDec 29, 2004
SectorCyber Security, Enterprise
Strong
A strong, well-structured round.
Round size vs peers
Far below the typical Series C round — well under the median.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 distribution8th pct
smaller Series C roundslarger
Post-money valuation1th pct
$29Mthis round: $40M$3B
vs. Cyber Security, Enterprise (31)
Round size in sector45th pct
$200Kthis round: $10M$33M
