Seurat Technologies, Inc. announced that it has issued 7,217,761 series A preferred stock at a price of $1.9695 per share for gross proceeds of $14,215,380.2895 on January 17, 2018. The series A round of funding led by returning investor True Venture Management, LLC. The transaction also included participation from General Motors Ventures, LLC, Porsche Automobil Holding SE, Next47 GmbH, Maniv Mobility; a fund managed by Maniv Bioventures LLC. The shares are convertible, and non-redeemable. The shares carry non-cumulative, and participating fixed dividend rate of 8% per share per annum. The shares will be convertible into common shares at a fixed conversion price of $1.9695 per share. The round was raised at a post-money valuation of $40,319,334.