Amount$150M
Post-money valuation$1B
SeriesSeries C
AnnouncedJan 21, 2020
Time since last round4 mo
SectorEnterprise, Development, Open Source, Cyber Security, DevSecOps
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (3.3×).
Syndicate size
7 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
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 distribution89th pct
smaller Series C roundslarger
Post-money valuation60th pct
$29Mthis round: $1B$3B
vs. Enterprise, Development, Open Source, Cyber Security, DevSecOps (10)
Round size in sector60th pct
$3Mthis round: $150M$300M
