Amount$47M
SeriesSeries C
AnnouncedSep 12, 2023
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 C round.
Syndicate size
Healthy syndicate of 6 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 C rounds (999)
Round size distribution47th pct
smaller Series C roundslarger
vs. IoT, Connected Device, 5G, Network, Data, Software Defined (SD) (4)
Round size in sector100th pct
$4Mthis round: $47M$47M
