I don't contest the 300M+ pre-money valuation given the enormous potential market and the likelihood of locking in paying users for life, but can someone explai

I don't contest the 300M+ pre-money valuation given the enormous potential market and the likelihood of locking in paying users for life, but can someone explain to me why they need 110M? If they're going to be as profitable as their valuation implies, why give away so much of the company? There's no way they need that many engineers. Is it just for a massive marketing campaign?