Amount$12M
SeriesSeries B
AnnouncedAug 22, 2001
SectorEnterprise, Cyber Security, IoT, Industrial
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series B round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 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 distribution16th pct
smaller Series B roundslarger
vs. Enterprise, Cyber Security, IoT, Industrial (7)
Round size in sector86th pct
$2Mthis round: $12M$12M
