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Current valuation is less than $4.3B while all of their fundraising rounds since 2019 were well above this. I don’t know the business so am not opining on its quality (although the metrics below are good), but am observing that yet again, 2020-2024 funding rounds in venture were a total aberration and are 50% off from their true mark. The valuation headwinds will only grow as AI scales and many companies have no clear strategy other than to claim they are “AI enabled” vs clean sheet designs that will disrupt their existing traction. More pain coming if you are long traditional software in venture… Series D
Date: June 2019
Amount Raised: $250 million
Valuation: $4 billion (post)
 Series E
Date: January 2021
Amount Raised: $155 million
Valuation: $5 billion (post)
 Series F
Date: October 2021
Amount Raised: $275 million
Valuation: $7.25 billion (post)
 Series G
Date: October 2022
Amount Raised: $300 million
Valuation: $9.2 billion (post)