No, but it’s a bit weird.
Your CEO meeting with the CEO of your competitors is not a big deal. In both my start-ups, I met with the CEOs of my competitors a couple of times a year.
There was never an agenda, and relatively little drama. You never know where issues could come up down the round, or what could happen. Zero downside and at least modest upside in knowing the Other CEOs in the space.
My teams did used to get a bit freaked out when the CEOs of our competitors walked through the halls and sat with me in the conference room. I told them it was just to meet-and-greet.
But to have the entire management team go present to your competitor?
That is a bit odd.