Billion Dollar Unicorns: Competition Heats up for Slack

According to a MarketsandMarkets report, the enterprise collaboration market is expected to grow from $26.68 billion in 2016 to $49.51 billion by 2021 at a CAGR of 13.2% driven by widespread usage of social media and mobile devices. Billion Dollar Unicorn Slack is a leading player in the market that has recently raised funding from

Read Full Article »

Billion Dollar Unicorns: CarGurus Bootstraps its Way to an IPO

It is hard to find a company these days that has stayed away from venture funding. Used car marketplace CarGurus is one such rarity. It recently went public on the NASDAQ under the ticker CARG.

Will Softbank Own Silicon Valley?

The highest valued Billion Dollar Unicorn Uber recently approved SoftBank’s offer to invest $10 billion in a package deal that values it at a tiered valuation of $48 billion and $68.5 billion. SoftBank this year has invested over $25 billion in companies all over the world through its $98 billion Vision Fund, the largest tech fund

Read Full Article »

Billion Dollar Unicorns: Kabbage Mulling Over an IPO

According to FT Partners, the FinTech market saw a record 412 financial deals during the third quarter of 2017. One of the largest deals in the quarter involved a $250 million investment by Softbank in Billion Dollar Unicorn Kabbage.

Billion Dollar Unicorns: 23andMe in High Gear

According to a recent report from Research and Markets, the global genetic testing market is estimated to grow from $4.6 billion in 2017 to $5.8 billion in 2022 at a CAGR of 11.7% driven by aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic

Read Full Article »

Billion Dollar Unicorns: Rong360 Goes Public on NYSE as Jianpu

In the second half of the year, there has been a flurry of Chinese FinTech companies going public in the US. Jianpu Technology, a wholly owned subsidiary of Billion Dollar Unicorn Rong360 is the latest to list on the NYSE under the ticker JT.

Billion Dollar Unicorns: New Relic at a 52-Week High

According to Gartner, the Application Performance Management market grew 13% to $2.93 billion in 2016. With enterprise businesses continuing to rapidly adopt cloud technologies, the APM market is expected to reach $5.6 billion by 2020. The market is led by Dynatrace with 14.2% share followed by IBM with 8% share and New Relic (NYSE: NEWR)

Read Full Article »

Billion Dollar Unicorns: Zscaler Getting Ready for IPO

According to Gartner, cloud-based security web gateways services are showing rapid growth with a five-year historical compound annual growth rate of 32%, compared to just 5% for on-premise appliances. Billion Dollar Unicorn Zscaler has been named as a leader in the Gartner Secure Web Gateway Magic Quadrant for the seventh consecutive year.