Amount$300M
Post-money valuation$10B
SeriesSeries D
AnnouncedFeb 27, 2023
Revenue multiple100.0×
Valuation step-up1.7×
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 D round (3.8×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 1.7× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution89th pct
smaller Series D roundslarger
Post-money valuation94th pct
$65Mthis round: $10B$6B
vs. Enterprise, Cyber Security, Cloud (13)
Round size in sector100th pct
$4Mthis round: $300M$250M
