Buying Signals

• Raised $120M Series H in March 2025 from SoftBank, Google Cloud, and Liberty Strategic Capital — demonstrating continued institutional confidence and capital for product investment
• Acquired by LevelBlue in November 2025, creating the world's largest pure-play MSSP — signals platform expansion, customer base integration, and significant go-to-market investment
• Newly launched Vulnerability Management capability for endpoint application and OS weakness assessment and patch recommendation — active product roadmap execution
• Achieved 100% detection, visibility, accuracy, and SOC efficiency in MITRE ATT&CK adversary emulation evaluation — strong third-party validation driving enterprise pipeline
• Infrastructure spans 7 GCP regions globally handling 2M events/second, signaling ongoing cloud investment and international expansion capacity

Account Scoring

Pain Signals

• Valuation collapsed from ~$3 billion in July 2021 to ~$300 million by 2022, indicating severe competitive pressure from CrowdStrike and SentinelOne in the mid-market and enterprise segments
• Three rounds of significant layoffs (June 2022 ~10%, October 2022 ~17%, March 2024) reduced headcount from peak levels to ~548 employees as of early 2026, suggesting organizational contraction and customer growth challenges
• No public pricing page visible — lack of transparent pricing may disadvantage competitive evaluations against vendors with clearer packaging and self-service purchasing paths

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