If accurate, the ~$1.077B Series D mark represents a ~33% markdown from the $1.6B Series C, plausible given the broad 2023-24 repricing of 2021-22-vintage AI/SaaS unicorns, but not confirmed by Cresta and contradicted by some aggregators. Business momentum looks healthy despite the apparent down-round: ARR crossed $100M by April 2026 (up from ~$52M in 2025), headcount nearly doubled (285->508) over 2024-2026, with marquee customers (United Airlines, Cox Communications, Marriott). CEO is Ping Wu (since May 2023) -- founder Zayd Enam stepped down to an advisory role and is no longer CEO, though some trackers still list him incorrectly. Doug Leone (Sequoia) was named Board Chair and Carl Eschenbach (ex-Workday CEO) rejoined the board in April 2026, alongside the ARR milestone -- a governance upgrade, not itself evidence of a new round.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series C | 2022-03-01 | $1.6B | Tiger Global (Genesys, Five9, J.P. Morgan, and CarMax joined as new strategic investors; Sequoia, Greylock, a16z, and Porsche SE returned) |
| Series D | 2024-11-19 | $1.1B-33% | Co-led by World Innovation Lab (WiL) and Qatar Investment Authority (QIA) -- the lead was explicitly disclosed even though the valuation was not |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Notes | No CEO statement on IPO timing found. Secondary-market platforms list generic pre-IPO pages, standard boilerplate for any late-stage private company. |
| Source | Forge Global / Nasdaq Private Market / Hiive listings, 2026 (generic, not company-specific) |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.