Funding round
Silent Eight Series A
Silent Eight, which works in AI-Driven financial crime compliance solutions in Singapore, raised $6.2M in a Series A round announced on 14 Nov 2019, led by Wavemaker Partners. 3 firms took part. It is Silent Eight's second venture round on record; the one before was a Seed in Sep 2015.
$6.2M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Silent Eight did not disclose a valuation in this round. It came 50 months after Silent Eight's Seed. It is 13% of the $46M Silent Eight has raised in the venture rounds on record. Silent Eight raised again 28 months later: a Series B round of $40M in Mar 2022.
Silent Eight's funding rounds
Silent Eight has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Wavemaker Partners led the round with 2 other firms.
Lead investor
- backs 91 venture-backed companies new investor
Also in the round
- backs 15 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 73% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 1Password Tech Companies | 14 Nov 2019 | $200M | not disclosed | Accel |
| Tech Companies | 5 Nov 2019 | $45M | not disclosed | Insight Partners |
| Tech Companies | 12 Nov 2019 | $40M | not disclosed | Fonds de solidarité FTQ and Investissement Québec |
| Tech Companies | 6 Nov 2019 | $40M | not disclosed | Goldman Sachs |
| Tech Companies | 20 Nov 2019 | $25M | not disclosed | Kleiner Perkins |
| Abnormal AI Tech Companies | 19 Nov 2019 | $24M | not disclosed | Greylock Partners |
| Tech Companies | 13 Nov 2019 | $24M | not disclosed | Accelmed and Mivtach Shamir Holdings Ltd. |
| Starburst Tech Companies | 20 Nov 2019 | $22M | not disclosed | Index Ventures |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Silent Eight raise in its Series A round?
Silent Eight raised $6.2M in its Series A round, announced in Nov 2019.
Who led Silent Eight's Series A round?
Wavemaker Partners led it, with SC Ventures and OTB Ventures.
What was Silent Eight's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 73% of the median.
Did Silent Eight raise again after this round?
Yes: a Series B round in Mar 2022 of $40M.