Amount$40M
Post-money valuation$1B
SeriesSeries G
AnnouncedAug 31, 2018
Valuation step-up1.1×
Time since last round350 mo
SectorEnterprise, Enterprise Support, Digital Adoption
Sub-sectorMachine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
Smaller than the typical Series G round.
Syndicate size
7 investors on the cap table.
Insider conviction
7 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
1.1× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series G rounds (105)
Round size distribution9th pct
smaller Series G roundslarger
Post-money valuation11th pct
$160Mthis round: $1B$25B
vs. Enterprise, Enterprise Support, Digital Adoption (9)
Round size in sector67th pct
$1Mthis round: $40M$90M
