Amount$178M
Post-money valuation$3.7B
SeriesSeries D
AnnouncedMar 1, 2023
SectorStorage
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series D round (2.3×).
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 D rounds (1,000)
Round size distribution76th pct
smaller Series D roundslarger
Post-money valuation80th pct
$65Mthis round: $3.7B$6B
