Amount$56M
Post-money valuation$400M
SeriesSeries C
AnnouncedSep 7, 2022
Time since last round15 mo
SectorSmart City, Emergency, Indoor GPS, Homeland Security
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series C round.
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
6 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 C rounds (999)
Round size distribution57th pct
smaller Series C roundslarger
Post-money valuation20th pct
$29Mthis round: $400M$3B
vs. Smart City, Emergency, Indoor GPS, Homeland Security (6)
Round size in sector100th pct
$2Mthis round: $56M$25M
