Amount$130M
Post-money valuation$1.7B
SeriesSeries B
AnnouncedMar 17, 2021
Revenue multiple1700.0×
Valuation step-up3.4×
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 B round (4.6× the median) — an outlier.
Syndicate size
Healthy syndicate of 4 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 3.4× 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 distribution93th pct
smaller Series B roundslarger
Post-money valuation84th pct
$35Mthis round: $1.7B$2.6B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector85th pct
$4Mthis round: $130M$250M
