Amount$70M
Post-money valuation$500M
SeriesSeries B
AnnouncedSep 10, 2019
Time since last round12 mo
SectorEnterprise, Development, Open Source, Cyber Security, DevSecOps
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (2.5×).
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
All-new money — no prior investors re-upped.
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 B rounds (996)
Round size distribution80th pct
smaller Series B roundslarger
Post-money valuation39th pct
$35Mthis round: $500M$2.6B
vs. Enterprise, Development, Open Source, Cyber Security, DevSecOps (10)
Round size in sector40th pct
$3Mthis round: $70M$300M
