The private investment market is warm right now, but I think we all know things will cool off eventually. It's better to raise money when you can (if you can us

The private investment market is warm right now, but I think we all know things will cool off eventually. It's better to raise money when you can (if you can use it), then wait and watch the market go cold. Especially when your valuations are rising the way theirs is. I'm not aware of their financials, but I would imagine a good portion of that 80M is still left from their last round. So with this additional 70M they buy themselves some time with their current burn rate, and more cash on hand for things like acquisitions.