Amount$400M
SeriesSeries E
AnnouncedDec 8, 2021
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 E round (3.4×).
Syndicate size
Healthy syndicate of 6 investors.
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 E rounds (478)
Round size distribution88th pct
smaller Series E roundslarger
vs. Enterprise, Cyber Security, IoT, Industrial, Healthcare, IIoT (5)
Round size in sector100th pct
$32Mthis round: $400M$140M
