Amount$12M
Post-money valuation$1.4B
SeriesSeries E
AnnouncedMar 2, 2017
SectorArtificial Intelligence
Sub-sectorEnterprise AI
RegionUnited States
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far below the typical Series E round — well under the median.
Syndicate size
Healthy syndicate of 4 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 E rounds (478)
Round size distribution2th pct
smaller Series E roundslarger
Post-money valuation33th pct
$103Mthis round: $1.4B$10.2B
vs. Artificial Intelligence (650)
Round size in sector51th pct
$20Kthis round: $12M$75M
