Amount$16M
Post-money valuation$150M
SeriesSeries A
AnnouncedDec 31, 2019
Time since last round438 mo
SectorEnterprise, Information Technology (IT), Serverless, Microservices, Observability
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series A round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
2 existing investors 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 A rounds (995)
Round size distribution61th pct
smaller Series A roundslarger
Post-money valuation43th pct
$12Mthis round: $150M$1B
