Amount$70M
SeriesFunding Round
AnnouncedFeb 23, 2023
SectorCryptographic, Acceleration, Blockchain, Semiconductor, Encryption, Privacy
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Funding Round round (4.7× the median) — an outlier.
Syndicate size
7 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Funding Round rounds (421)
Round size distribution70th pct
smaller Funding Round roundslarger
