Amount$23M
Post-money valuation$100M
SeriesSeries A
AnnouncedMay 31, 2019
Time since last round18 mo
SectorSemiconductor, Hardware, Software, Data Analytics, Data Center, Acceleration
Sub-sectorArtificial Intelligence, Machine Learning, Deep Learning
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series A round (2.1×).
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
4 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 A rounds (995)
Round size distribution74th pct
smaller Series A roundslarger
Post-money valuation36th pct
$12Mthis round: $100M$1B
