Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

Sublime Security / Private Capital Markets

<ul><li>Sublime Security closed a $150M Series C in October 2025 at a post-money valuation of approximately $926M.</li><li>With the Series C, Sublime has now raised a total of $243.8M in disclosed funding.</li><li>Sublime operates a B2B SaaS model targeting enterprise security teams with subscription pricing based on the number of protected mailboxes.</li></ul>

Sublime Security closed a $150M Series C in October 2025 at a post-money valuation of approximately $926M.With the Series C, Sublime has now raised a total of $243.8M in disclosed funding.Sublime operates a B2B SaaS model targeting enterprise security teams with subscription pricing based on the number of protected mailboxes.

<ul><li>Druva has raised approximately $475 million over multiple funding rounds.</li><li>Druva's core product is the Druva Data Security Cloud, a fully managed SaaS platform providing data protection across cloud, on-premises, and edge environments.</li><li>Druva's cloud-native SaaS architecture positions it uniquely as organizations continue their digital transformation journeys.</li></ul>

Druva has raised approximately $475 million over multiple funding rounds.Druva's core product is the Druva Data Security Cloud, a fully managed SaaS platform providing data protection across cloud, on-premises, and edge environments.Druva's cloud-native SaaS architecture positions it uniquely as organizations continue their digital transformation journeys.

<ul><li>Orca Security found product-market fit as an agentless cloud security platform for enterprises struggling with the complexity of securing their cloud infrastructure.</li><li>The market increasingly favors vendors who can provide comprehensive visibility across multi-cloud environments without requiring agent deployment, while consolidation through acquisitions continues to reshape the competitive landscape.</li><li>The cloud security market represents a massive growth opportunity, expected to reach $77B by 2026.</li></ul>

Orca Security found product-market fit as an agentless cloud security platform for enterprises struggling with the complexity of securing their cloud infrastructure.The market increasingly favors vendors who can provide comprehensive visibility across multi-cloud environments without requiring agent deployment, while consolidation through acquisitions continues to reshape the competitive landscape.The cloud security market represents a massive growth opportunity, expected to reach $77B by 2026.

<ul><li>Wiz (founded January 2020) went from $1M ARR to $100M in 18 months, faster than any software company in history, with their agentless scanner that hooks into your AWS, Azure, and/or Google Cloud and prioritizes the most vulnerable attack surfaces.</li><li>Sacra estimates that Wiz is at $396M ARR as of April 2024, up 128% year-over-year, with about 800 customers for an annual contract value of $495K.</li><li>Wiz is betting that their “suicide plan” for building a cybersecurity giant—raising $900M and hiring 750 employees—can get them into multi-year contracts in the enterprise before incumbents can get traction with their own CNAPPs.</li></ul>

Wiz (founded January 2020) went from $1M ARR to $100M in 18 months, faster than any software company in history, with their agentless scanner that hooks into your AWS, Azure, and/or Google Cloud and prioritizes the most vulnerable attack surfaces.Sacra estimates that Wiz is at $396M ARR as of April 2024, up 128% year-over-year, with about 800 customers for an annual contract value of $495K.Wiz is betting that their “suicide plan” for building a cybersecurity giant—raising $900M and hiring 750 employees—can get them into multi-year contracts in the enterprise before incumbents can get traction with their own CNAPPs.

<ul><li>Rubrik found product-market fit with a combined hardware-and-software appliance you installed next to your on-prem servers to perpetually back them up, simplifying procurement process for IT departments by charging one inclusive price for the whole bundle.</li><li>Rubrik switched focus 100% to the cloud, going after recurring subscription revenue and layering on value-add services around cybersecurity, particularly ransomware prevention, and compliance.</li><li>Rubrik’s current focus of subscription revenue grew 40% from $385M to $538M to become 86% of all TTM revenue, up from 39% in 2020.</li></ul>

Rubrik found product-market fit with a combined hardware-and-software appliance you installed next to your on-prem servers to perpetually back them up, simplifying procurement process for IT departments by charging one inclusive price for the whole bundle.Rubrik switched focus 100% to the cloud, going after recurring subscription revenue and layering on value-add services around cybersecurity, particularly ransomware prevention, and compliance.Rubrik’s current focus of subscription revenue grew 40% from $385M to $538M to become 86% of all TTM revenue, up from 39% in 2020.

United States

Security tool for cloud environments to detect threats and misconfigurations across workloads

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