Amount$793M
Post-money valuation$2.6B
SeriesConvertible Note
AnnouncedNov 28, 2025
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Convertible Note round (264.3× the median) — an outlier.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Convertible Note rounds (55)
Round size distribution96th pct
smaller Convertible Note roundslarger
