Amount$27M
SeriesSeries B
AnnouncedSep 23, 2021
SectorIoT, Cyber Security, Manufacturing, Industrial, Edge Computing
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series B round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
3 existing investors re-upped — insiders doubling down.
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 distribution45th pct
smaller Series B roundslarger
