Amount$100M
Post-money valuation$900M
SeriesSeries B
AnnouncedDec 3, 2024
Valuation step-up3.0×
Time since last round410 mo
SectorEnterprise, Cyber Security
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (3.6×).
Syndicate size
7 investors on the cap table.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 3.0× valuation step-up.
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 distribution89th pct
smaller Series B roundslarger
Post-money valuation54th pct
$35Mthis round: $900M$2.6B
vs. Enterprise, Cyber Security (106)
Round size in sector97th pct
$100Kthis round: $100M$37M
