Amount$7M
SeriesSeries A
AnnouncedJul 17, 2012
SectorCloud Computing, Edge Computing, SaaS, Storage Solutions, Managed Services, Enterprise, Cloud, Storage
Sub-sectorArtificial Intelligence
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Series A round.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
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 A rounds (995)
Round size distribution23th pct
smaller Series A roundslarger
vs. Cloud Computing, Edge Computing, SaaS, Storage Solutions, Managed Services, Enterprise, Cloud, Storage (4)
Round size in sector75th pct
$3Mthis round: $7M$7M
