Amount$16M
SeriesSeries B
AnnouncedJul 1, 2021
SectorIoT, Connected Device, 5G, Network, Data, Software Defined (SD)
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 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 distribution24th pct
smaller Series B roundslarger
vs. IoT, Connected Device, 5G, Network, Data, Software Defined (SD) (4)
Round size in sector50th pct
$4Mthis round: $16M$47M
