Amount$165M
Post-money valuation$1.1B
SeriesSeries D
AnnouncedOct 4, 2018
SectorDevOps, Enterprise, Development
Sub-sectorMachine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series D round (2.1×).
Syndicate size
7 investors on the cap table.
Insider conviction
3 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. Series D rounds (1,000)
Round size distribution74th pct
smaller Series D roundslarger
Post-money valuation39th pct
$65Mthis round: $1.1B$6B
vs. DevOps, Enterprise, Development (5)
Round size in sector100th pct
$1Mthis round: $165M$50M
