Amount$120M
Post-money valuation$2B
SeriesSeries C
AnnouncedMay 25, 2021
Revenue multiple2000.0×
Valuation step-up1.2×
Time since last round238 mo
SectorEnterprise, Cyber Security, Cloud
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (2.7×).
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
1.2× valuation step-up.
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 distribution86th pct
smaller Series C roundslarger
Post-money valuation86th pct
$29Mthis round: $2B$3B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector77th pct
$4Mthis round: $120M$250M
