Amount$20M
Post-money valuation$400M
SeriesSeries B
AnnouncedNov 1, 2021
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
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
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 distribution36th pct
smaller Series B roundslarger
Post-money valuation30th pct
$35Mthis round: $400M$2.6B
vs. Writing, Text, Generative AI, Artificial Intelligence, Content Creation, Large Language Models (LLMs), Foundational Models (6)
Round size in sector33th pct
$10Mthis round: $20M$64M
