Amount$20M
SeriesSeries E
AnnouncedJul 17, 2024
SectorEnterprise, Information Technology (IT), Storage, Cloud
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far below the typical Series E round — well under the median.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor re-upped — insiders doubling down.
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 E rounds (478)
Round size distribution6th pct
smaller Series E roundslarger
vs. Enterprise, Information Technology (IT), Storage, Cloud (4)
Round size in sector25th pct
$20Mthis round: $20M$30M
