Amount$100M
Post-money valuation$1.2B
SeriesSeries C
AnnouncedApr 17, 2020
Revenue multiple1200.0×
Valuation step-up3.0×
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
Larger than the typical Series C round (2.2×).
Syndicate size
8 investors on the cap table.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 3.0× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution82th pct
smaller Series C roundslarger
Post-money valuation66th pct
$29Mthis round: $1.2B$3B
vs. Storage, Computing, Data Center, Infrastructure, Data, Enterprise (5)
Round size in sector80th pct
$40Mthis round: $100M$118M
