Amount$80M
Post-money valuation$1B
SeriesSeries B
AnnouncedJun 1, 2022
SectorArtificial Intelligence
Sub-sectorFederated Learning
RegionUSA
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Larger than the typical Series B round (2.9×).
Syndicate size
Single investor — limited external validation.
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. Series B rounds (996)
Round size distribution83th pct
smaller Series B roundslarger
Post-money valuation67th pct
$35Mthis round: $1B$2.6B
vs. Artificial Intelligence (650)
Round size in sector86th pct
$20Kthis round: $80M$75M
