Amount$200M
Post-money valuation$2.6B
SeriesSeries D
AnnouncedSep 9, 2020
Time since last round8 mo
SectorEnterprise, Development, Open Source, Cyber Security, DevSecOps
Sub-sectorMachine Learning
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series D round (2.5×).
Syndicate size
Single investor — limited external validation.
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 D rounds (1,000)
Round size distribution81th pct
smaller Series D roundslarger
Post-money valuation70th pct
$65Mthis round: $2.6B$6B
vs. Enterprise, Development, Open Source, Cyber Security, DevSecOps (10)
Round size in sector90th pct
$3Mthis round: $200M$300M
