Amount$116M
Post-money valuation$450M
SeriesSeries C
AnnouncedDec 10, 2020
Time since last round236 mo
SectorData Center, Storage, Semiconductor, Acceleration
Sub-sectorArtificial Intelligence
Strong
A strong, well-structured round.
Round size vs peers
Larger than the typical Series C round (2.6×).
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
6 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 distribution85th pct
smaller Series C roundslarger
Post-money valuation22th pct
$29Mthis round: $450M$3B
