Amount$60M
Post-money valuation$240M
SeriesSeries B
AnnouncedJun 11, 2018
SectorEnterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series B round (2.1×).
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
5 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 B rounds (996)
Round size distribution76th pct
smaller Series B roundslarger
Post-money valuation21th pct
$35Mthis round: $240M$2.6B
vs. Enterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT (5)
Round size in sector40th pct
$32Mthis round: $60M$140M
