Funding round
Conigital Series A
Conigital, which works in AI-Driven vehicle automation solutions in Barangaroo, raised $634M in a Series A round announced on 1 Sep 2023.
$634M
Amount raised
500,000,000 GBP converted
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Conigital did not disclose a valuation in this round. It is Conigital's first venture round on record, 8 years after it was founded in 2015. No later venture round is on record for Conigital.
Conigital's funding rounds
This is the only venture round on record for Conigital.
- Series A this round 1 Sep 2023 $634M
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
1,445 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 60 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Sep 2023 | $120M | not disclosed | 645 Ventures and 3VC |
| Tech Companies | 20 Sep 2023 | $50M | not disclosed | not named |
| Tech Companies | 19 Sep 2023 | $50M | not disclosed | M12 and Moore Strategic Ventures |
| Tech Companies | 18 Sep 2023 | $30M | not disclosed | Redpoint Ventures |
| Tech Companies | 5 Sep 2023 | $20M | not disclosed | Bright Pixel Capital |
| Tech Companies | 12 Sep 2023 | $20M | not disclosed | Galvanize |
| Tech Companies | 12 Sep 2023 | $20M | not disclosed | WestCap |
| Tech Companies | 12 Sep 2023 | $19M | not disclosed | Molten Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Conigital raise in its Series A round?
Conigital raised $634M in its Series A round, announced in Sep 2023.
What was Conigital's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,445 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 60 times the median.