Amount$35M
SeriesSeries B
AnnouncedMay 31, 2016
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 B round.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution58th pct
smaller Series B roundslarger
vs. Computing, Data, Storage, Software Defined (SD), Enterprise (7)
Round size in sector43th pct
$10Mthis round: $35M$135M
