Amount$135M
Post-money valuation$750M
SeriesSeries D
AnnouncedNov 15, 2022
Valuation step-up2.0×
Time since last round462 mo
SectorComputing, Data, Storage, Software Defined (SD), Enterprise
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series D round.
Syndicate size
Party round (16 investors) — diffuse ownership and signal.
Insider conviction
14 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.0× 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 distribution68th pct
smaller Series D roundslarger
Post-money valuation15th pct
$65Mthis round: $750M$6B
vs. Computing, Data, Storage, Software Defined (SD), Enterprise (7)
Round size in sector100th pct
$10Mthis round: $135M$135M
