Amount$110M
Post-money valuation$440M
SeriesSeries C
AnnouncedJun 17, 2020
SectorMobile, Cyber Security, Enterprise
Sub-sectorArtificial Intelligence, Machine Learning, Deep Learning, Natural Language Processing
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (2.4×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Backed by established, high-track-record investors.
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 distribution84th pct
smaller Series C roundslarger
Post-money valuation21th pct
$29Mthis round: $440M$3B
