Amount$400M
Post-money valuation$1.5B
SeriesPrivate Equity
AnnouncedJun 30, 2013
Valuation step-up2.5×
Time since last round1309 mo
SectorAutomotive, Autonomous
Sub-sectorComputer Vision, Deep Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Private Equity round (4.0×).
Syndicate size
Healthy syndicate of 3 investors.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.5× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Private Equity rounds (109)
Round size distribution79th pct
smaller Private Equity roundslarger
Post-money valuation50th pct
$40Mthis round: $1.5B$7B
vs. Automotive, Autonomous (4)
Round size in sector100th pct
$7Mthis round: $400M$400M
