Amount$28M
SeriesSeries B
AnnouncedDec 18, 2013
SectorMobility, Navigation
Sub-sectorArtificial Intelligence
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 distribution46th pct
smaller Series B roundslarger
vs. Mobility, Navigation (7)
Round size in sector57th pct
$4Mthis round: $28M$50M
