Amount$11M
SeriesSeries B
AnnouncedApr 14, 2003
SectorWide Area Network (WAN), Storage, Enterprise
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series B round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution14th pct
smaller Series B roundslarger
vs. Wide Area Network (WAN), Storage, Enterprise (4)
Round size in sector100th pct
$2Mthis round: $11M$11M
