Amount$150M
Post-money valuation$1.2B
SeriesSeries B
AnnouncedApr 29, 2015
Time since last round936 mo
SectorStorage, Enterprise, Data, Cloud, Software Defined (SD)
Sub-sectorMachine Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series B round (5.4× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor 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 distribution95th pct
smaller Series B roundslarger
Post-money valuation74th pct
$35Mthis round: $1.2B$2.6B
