Amount$23M
SeriesSeries A
AnnouncedMay 26, 2021
Time since last round11 mo
SectorEnterprise, Software Development, Observability, Coding
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series A round (2.1×).
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. Series A rounds (995)
Round size distribution74th pct
smaller Series A roundslarger
vs. Enterprise, Software Development, Observability, Coding (4)
Round size in sector75th pct
$4Mthis round: $23M$23M
