Amount$32M
SeriesSeries A
AnnouncedSep 13, 2016
SectorEnterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series A round (2.9×).
Syndicate size
Healthy syndicate of 6 investors.
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 distribution85th pct
smaller Series A roundslarger
vs. Enterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT (5)
Round size in sector20th pct
$32Mthis round: $32M$140M
