Amount$50M
Post-money valuation$400M
SeriesSeries C
AnnouncedJan 14, 2015
SectorMobility, Navigation
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
7 investors on the cap table.
Insider conviction
6 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution54th pct
smaller Series C roundslarger
Post-money valuation20th pct
$29Mthis round: $400M$3B
vs. Mobility, Navigation (7)
Round size in sector100th pct
$4Mthis round: $50M$50M
