Amount$64M
Post-money valuation$664M
SeriesSeries B
AnnouncedJul 13, 2022
Valuation step-up1.7×
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
Larger than the typical Series B round (2.3×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.7× valuation step-up.
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 distribution76th pct
smaller Series B roundslarger
Post-money valuation45th pct
$35Mthis round: $664M$2.6B
vs. Writing, Text, Generative AI, Artificial Intelligence, Content Creation, Large Language Models (LLMs), Foundational Models (6)
Round size in sector83th pct
$10Mthis round: $64M$64M
