Amount$155M
Post-money valuation$1.4B
SeriesSeries C
AnnouncedAug 31, 2023
Valuation step-up1000000.0×
Time since last round339 mo
SectorWriting, Text, Generative AI, Artificial Intelligence, Content Creation, Large Language Models (LLMs), Foundational Models
Sub-sectorMachine Learning, Natural Language Processing, Natural Language Generation
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (3.4×).
Syndicate size
Party round (10 investors) — diffuse ownership and signal.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Aggressive 1000000.0× valuation step-up — hard to grow into.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution90th pct
smaller Series C roundslarger
Post-money valuation72th pct
$29Mthis round: $1.4B$3B
vs. Writing, Text, Generative AI, Artificial Intelligence, Content Creation, Large Language Models (LLMs), Foundational Models (6)
Round size in sector100th pct
$10Mthis round: $155M$64M
