Amount$60M
Post-money valuation$600M
SeriesSeries B
AnnouncedFeb 29, 2020
Time since last round391 mo
SectorEdge Computing, Acceleration, Artificial Intelligence, Semiconductor
Sub-sectorMachine Learning, Deep Learning, AI-Optimized Hardware, Computer Vision
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series B round (2.1×).
Syndicate size
8 investors on the cap table.
Insider conviction
8 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 distribution76th pct
smaller Series B roundslarger
Post-money valuation43th pct
$35Mthis round: $600M$2.6B
vs. Edge Computing, Acceleration, Artificial Intelligence, Semiconductor (7)
Round size in sector71th pct
$4Mthis round: $60M$120M
