Amount$22M
SeriesSeries B
AnnouncedFeb 4, 2020
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 4 investors.
Insider conviction
4 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 B rounds (996)
Round size distribution37th pct
smaller Series B roundslarger
vs. IoT, Connected Device, 5G, Network, Data, Software Defined (SD) (4)
Round size in sector75th pct
$4Mthis round: $22M$47M
