Funding round
SoterAI Series A
SoterAI, which works in AI-Powered workplace safety platform development in United States, raised $12M in a Series A round announced on 19 Apr 2022, led by AV8 Ventures. 5 firms took part.
$12M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
SoterAI did not disclose a valuation in this round. It is SoterAI's first venture round on record, 5 years after it was founded in 2017. No later venture round is on record for SoterAI.
SoterAI's funding rounds
This is the only venture round on record for SoterAI.
- Series A this round 19 Apr 2022, led by AV8 Ventures $12M
Investors
Who put money in
AV8 Ventures led the round with 4 other firms.
Lead investor
- backs 28 venture-backed companies new investor
Also in the round
- OTB Ventures backs 27 venture-backed companies new investor
- backs 80 venture-backed companies new investor
- backs 86 venture-backed companies new investor
- backs 20 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
1,917 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Apr 2022 | $120M | not disclosed | Dream Capital |
| Adept Tech Companies | 1 Apr 2022 | $65M | not disclosed | not named |
| Tech Companies | 21 Apr 2022 | $50M | not disclosed | Sprints |
| Tech Companies | 5 Apr 2022 | $46M | not disclosed | PayU and Prosus |
| d-Matrix Tech Companies | 1 Apr 2022 | $44M | not disclosed | Playground and M12 |
| Tech Companies | 20 Apr 2022 | $40M | not disclosed | QED Investors |
| Tech Companies | 26 Apr 2022 | $35M | not disclosed | GV |
| Tech Companies | 20 Apr 2022 | $34M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did SoterAI raise in its Series A round?
SoterAI raised $12M in its Series A round, announced in Apr 2022.
Who led SoterAI's Series A round?
AV8 Ventures led it, with OTB Ventures, Verve Ventures, b2venture and Matterwave Ventures.
What was SoterAI's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,917 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was close to the median.