Amount$6.5B
Post-money valuation$6.5B
SeriesAcquisition
AnnouncedJul 31, 2023
SectorEnterprise Software
Sub-sectorMachine Learning
RegionUnited States
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Acquisition round (10.4× the median) — an outlier.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
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. Acquisition rounds (118)
Round size distribution92th pct
smaller Acquisition roundslarger
Post-money valuation71th pct
$150Mthis round: $6.5B$14.3B
vs. Enterprise Software (50)
Round size in sector100th pct
$55Kthis round: $6.5B$100M
