Amount$300M
SeriesSeries E
AnnouncedSep 10, 2019
SectorInternet of Things (IoT)
Sub-sectorMachine Learning
RegionUSA
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series E round (2.6×).
Syndicate size
Healthy syndicate of 4 investors.
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 E rounds (478)
Round size distribution82th pct
smaller Series E roundslarger
vs. Internet of Things (IoT) (7)
Round size in sector86th pct
$10Mthis round: $300M$400M
