Amount$100M
Post-money valuation$500M
SeriesSeries A
AnnouncedDec 9, 2020
Revenue multiple500.0×
Valuation step-up3.3×
Time since last round238 mo
SectorEnterprise, Cyber Security, Cloud
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Far above the typical Series A round (9.1× the median) — an outlier.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 3.3× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series A rounds (995)
Round size distribution96th pct
smaller Series A roundslarger
Post-money valuation79th pct
$12Mthis round: $500M$1B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector69th pct
$4Mthis round: $100M$250M
