Amount$110M
Post-money valuation$1B
AnnouncedJul 22, 2025
Valuation step-up3333333.3×
Time since last round252 mo
Mixed
A mixed round — some signals are off the norm.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Aggressive 3333333.3× valuation step-up — hard to grow into.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
