Amount$232M
Post-money valuation$1.9B
SeriesSeries C
AnnouncedFeb 6, 2024
SectorSoftware
Sub-sectorMachine Learning
RegionUSA
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series C round (5.1× the median) — an outlier.
Syndicate size
Single investor — limited external validation.
Insider conviction
1 existing investor 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 distribution95th pct
smaller Series C roundslarger
Post-money valuation83th pct
$29Mthis round: $1.9B$3B
