Amount$65M
Post-money valuation$500M
SeriesSeries A
AnnouncedSep 5, 2024
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series A round (5.9× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Backed by established, high-track-record 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 distribution93th pct
smaller Series A roundslarger
Post-money valuation79th pct
$12Mthis round: $500M$1B
