Amount$200M
Post-money valuation$1.1B
SeriesSeries C
AnnouncedJul 27, 2021
Time since last round341 mo
SectorIoT, Energy, Radio Frequency, Semiconductor, Bluetooth, Edge
Sub-sectorArtificial Intelligence, Machine Learning
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series C round (4.4× the median) — an outlier.
Syndicate size
Party round (13 investors) — diffuse ownership and signal.
Insider conviction
12 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution94th pct
smaller Series C roundslarger
Post-money valuation62th pct
$29Mthis round: $1.1B$3B
vs. IoT, Energy, Radio Frequency, Semiconductor, Bluetooth, Edge (5)
Round size in sector100th pct
$5Mthis round: $200M$30M
