4 stories for “valuation”
According to reports, the round values the company at about $1.2 billion, with participants including Bill Ackman and Eric Schmidt. Critics point to a high valuation relative to revenue.
According to an FT report, the company now seeks to raise about $20 billion at a $1.25 trillion valuation, instead of the $30 billion at $1.4 trillion discussed in September. The backdrop: the selloff in AI stocks.
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
The valuation of the cloud security company founded by Israeli entrepreneur Amiram Shachar more than doubled in nine months. The round comes days after the disputed report of a Datadog takeover offer.
