Amount$95M
Post-money valuation$1.6B
SeriesSeries C
AnnouncedOct 3, 2017
Valuation step-up1.3×
Time since last round936 mo
SectorStorage, Enterprise, Data, Cloud, Software Defined (SD)
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (2.1×).
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 1.3× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution75th pct
smaller Series C roundslarger
Post-money valuation80th pct
$29Mthis round: $1.6B$3B
