Amount$140M
Post-money valuation$2B
SeriesSeries D
AnnouncedJun 17, 2021
SectorEnterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
8 investors on the cap table.
Insider conviction
4 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 D rounds (1,000)
Round size distribution69th pct
smaller Series D roundslarger
Post-money valuation64th pct
$65Mthis round: $2B$6B
vs. Enterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT (5)
Round size in sector80th pct
$32Mthis round: $140M$140M
