Amount$1B
Post-money valuation$12B
SeriesSeries E
AnnouncedMay 7, 2024
SectorEnterprise
Sub-sectorMachine Learning
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series E round (8.6× the median) — an outlier.
Syndicate size
Party round (11 investors) — diffuse ownership and signal.
Insider conviction
7 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 E rounds (478)
Round size distribution95th pct
smaller Series E roundslarger
Post-money valuation95th pct
$103Mthis round: $12B$10.2B
