Amount$16M
SeriesSeries B
AnnouncedOct 31, 2016
Time since last round425 mo
SectorEnterprise, Information Technology (IT), DevOps, Logs
Sub-sectorMachine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging 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 distribution25th pct
smaller Series B roundslarger
vs. Enterprise, Information Technology (IT), DevOps, Logs (6)
Round size in sector50th pct
$1Mthis round: $16M$23M
