Amount$100M
Post-money valuation$1.6B
SeriesSeries C
AnnouncedOct 30, 2024
Valuation step-up1.1×
Time since last round842 mo
SectorComputing, VLSI, Semiconductor
Sub-sectorArtificial Intelligence
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series C round (2.2×).
Syndicate size
Party round (9 investors) — diffuse ownership and signal.
Insider conviction
7 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
1.1× valuation step-up.
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 distribution82th pct
smaller Series C roundslarger
Post-money valuation80th pct
$29Mthis round: $1.6B$3B
