Amount$55M
Post-money valuation$450M
SeriesSeries A
AnnouncedAug 15, 2024
Time since last round541 mo
SectorBlockchain, Cloud, DevTools, Infrastructure, Development, DeFi
Sub-sectorArtificial Intelligence
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series A round (5.0× the median) — an outlier.
Syndicate size
Party round (15 investors) — diffuse ownership and signal.
Insider conviction
3 existing investors re-upped — insiders doubling down.
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. Series A rounds (995)
Round size distribution92th pct
smaller Series A roundslarger
Post-money valuation73th pct
$12Mthis round: $450M$1B
