Amount$42M
SeriesSeries B
AnnouncedJan 23, 2024
SectorEnterprise, Development, Cyber Security, Automation
Sub-sectorNatural Language Processing, 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 5 investors.
Insider conviction
5 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 B rounds (996)
Round size distribution64th pct
smaller Series B roundslarger
vs. Enterprise, Development, Cyber Security, Automation (5)
Round size in sector60th pct
$8Mthis round: $42M$70M
