Amount$20M
SeriesSeries B
AnnouncedJun 15, 2021
Time since last round5 mo
SectorSmart City, Emergency, Indoor GPS, Homeland Security
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
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 B rounds (996)
Round size distribution36th pct
smaller Series B roundslarger
vs. Smart City, Emergency, Indoor GPS, Homeland Security (6)
Round size in sector67th pct
$2Mthis round: $20M$25M
