Amount$400M
SeriesSeries F
AnnouncedMay 21, 2020
SectorInternet of Things (IoT)
Sub-sectorMachine Learning
RegionUSA
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Series F round (3.1×).
Syndicate size
Healthy syndicate of 5 investors.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series F rounds (255)
Round size distribution81th pct
smaller Series F roundslarger
vs. Internet of Things (IoT) (7)
Round size in sector100th pct
$10Mthis round: $400M$400M
