Amount$4B
SeriesSeries C
AnnouncedMar 7, 2024
SectorBiotechnology
Sub-sectorMachine Learning
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series C round (88.9× the median) — an outlier.
Syndicate size
Party round (13 investors) — diffuse ownership and signal.
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 C rounds (999)
Round size distribution100th pct
smaller Series C roundslarger
