Amount$118M
Post-money valuation$9.1B
SeriesSeries E
AnnouncedDec 6, 2023
Revenue multiple60666666.7×
Valuation step-up2.5×
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 E round.
Syndicate size
Healthy syndicate of 4 investors.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.5× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series E rounds (478)
Round size distribution46th pct
smaller Series E roundslarger
Post-money valuation90th pct
$103Mthis round: $9.1B$10.2B
vs. Storage, Computing, Data Center, Infrastructure, Data, Enterprise (5)
Round size in sector100th pct
$40Mthis round: $118M$118M
