Amount$10M
SeriesSeries C
AnnouncedSep 18, 2002
SectorEnterprise, Cyber Security, IoT, Industrial
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far below the typical Series C round — well under the median.
Syndicate size
Healthy syndicate of 4 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 distribution8th pct
smaller Series C roundslarger
vs. Enterprise, Cyber Security, IoT, Industrial (7)
Round size in sector71th pct
$2Mthis round: $10M$12M
