Amount$40M
Post-money valuation$530M
SeriesSeries C
AnnouncedJun 15, 2017
SectorInternet of Things (IoT)
Sub-sectorMachine Learning
RegionUSA
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series C round.
Syndicate size
2 investors on the cap table.
Insider conviction
2 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
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 distribution43th pct
smaller Series C roundslarger
Post-money valuation29th pct
$29Mthis round: $530M$3B
vs. Internet of Things (IoT) (7)
Round size in sector43th pct
$10Mthis round: $40M$400M
