Amount$40M
SeriesFunding Round
AnnouncedOct 25, 2017
SectorInfrastructure as Code
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Funding Round round (2.7×).
Syndicate size
2 investors on the cap table.
Insider conviction
2 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. Funding Round rounds (421)
Round size distribution60th pct
smaller Funding Round roundslarger
vs. Infrastructure as Code (7)
Round size in sector43th pct
$5Mthis round: $40M$175M
