Amount$40M
SeriesSeed
AnnouncedJul 1, 2015
SectorAutonomous Vehicles
Sub-sectorMachine Learning
RegionUSA
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Seed round (14.4× the median) — an outlier.
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. Autonomous Vehicles (23)
Round size in sector30th pct
$2Mthis round: $40M$475M
