Amount$83M
Post-money valuation$3.7B
SeriesSeries D
AnnouncedMay 4, 2021
Revenue multiple3700.0×
Valuation step-up3.1×
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 D round.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
5 existing investors re-upped — insiders doubling down.
Investor track record
Backed by established, high-track-record investors.
Valuation step-up
Healthy 3.1× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series D rounds (1,000)
Round size distribution47th pct
smaller Series D roundslarger
Post-money valuation80th pct
$65Mthis round: $3.7B$6B
vs. Storage, Computing, Data Center, Infrastructure, Data, Enterprise (5)
Round size in sector60th pct
$40Mthis round: $83M$118M
