Amount$208M
Post-money valuation$1.1B
SeriesSeries B
AnnouncedJan 27, 2021
SectorTelecommunications, Network, Cloud
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series B round (7.4× the median) — an outlier.
Syndicate size
Healthy syndicate of 4 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 B rounds (996)
Round size distribution96th pct
smaller Series B roundslarger
Post-money valuation69th pct
$35Mthis round: $1.1B$2.6B
vs. Telecommunications, Network, Cloud (4)
Round size in sector75th pct
$7Mthis round: $208M$262M
