Isn't it a bit of small round for a hardware startup? It's basically the amount of money put in a single 10000 units batch of the latest framework 16. Multiply that by ~3 to account for lower effective BOM, and I still find this low for a capital-intensive business, that still needs to pay its employees.
We're generating substantial revenue on our product sales, and we sell our products with positive unit economics. Basically, we don't need new funding to operate the business, we need it to scale into new areas of business that we aren't in today.
