Amount$200M
SeriesConvertible Note
AnnouncedOct 1, 2019
SectorAutonomous Vehicles
Sub-sectorMachine Learning
RegionUSA
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Convertible Note round (66.7× the median) — an outlier.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Convertible Note rounds (55)
Round size distribution91th pct
smaller Convertible Note roundslarger
vs. Autonomous Vehicles (23)
Round size in sector74th pct
$2Mthis round: $200M$475M
