Amount$10M
Post-money valuation$200M
SeriesSeries A
AnnouncedJul 23, 2020
Valuation step-up1.3×
Time since last round438 mo
SectorEnterprise, Information Technology (IT), Serverless, Microservices, Observability
Sub-sectorArtificial Intelligence
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series A round.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.3× valuation step-up.
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 distribution43th pct
smaller Series A roundslarger
Post-money valuation54th pct
$12Mthis round: $200M$1B
