Amount$120M
Post-money valuation$1.2B
SeriesSeries D
AnnouncedApr 2, 2024
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
In line with the typical Series D round.
Syndicate size
8 investors on the cap table.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution65th pct
smaller Series D roundslarger
Post-money valuation44th pct
$65Mthis round: $1.2B$6B
vs. Edge Computing, Acceleration, Artificial Intelligence, Semiconductor (7)
Round size in sector100th pct
$4Mthis round: $120M$120M
