Amount$250M
Post-money valuation$6B
SeriesSeries C
AnnouncedOct 11, 2021
Revenue multiple150.0×
Valuation step-up3.0×
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 C round (5.6× the median) — an outlier.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
6 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record 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 C rounds (999)
Round size distribution96th pct
smaller Series C roundslarger
Post-money valuation97th pct
$29Mthis round: $6B$3B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector92th pct
$4Mthis round: $250M$250M
