Amount$40M
Post-money valuation$400M
SeriesSeries B
AnnouncedFeb 26, 2019
Time since last round583 mo
SectorStorage, Computing, Data Center, Infrastructure, Data, Enterprise
Sub-sectorArtificial Intelligence
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
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 B rounds (996)
Round size distribution63th pct
smaller Series B roundslarger
Post-money valuation30th pct
$35Mthis round: $400M$2.6B
vs. Storage, Computing, Data Center, Infrastructure, Data, Enterprise (5)
Round size in sector40th pct
$40Mthis round: $40M$118M
