Billion Dollar Unicorns: TransferWise Turns Profitable

According to a World Bank report, an estimated $582 billion was sent by migrants to relatives in their home countries in 2015. The remittance market is dominated by Western Union, MoneyGram, and Ria, but there is increasing competition from startups like Billion Dollar Unicorn TransferWise. 

Billion Dollar Unicorns: CrowdStrike Joins the Club

According to a report by Markets and Markets, the global endpoint security industry is estimated to grow from $11.62 billion in 2015 to $17.38 billion by 2020. That translates to an 8% annualized growth rate for the next three years. Recent hacking reports, especially concerning the US Presidential election, have revived the interest in the

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Billion Dollar Unicorns: Valuation for WeWork Continues to Soar

According to a report by Emergent Research, the global number of co-working members are projected to grow 41% annually over the next four years through 2020. Co-working company and Billion Dollar Unicorn club member WeWork is riding high on this growth and its valuation continues to skyrocket.

Billion Dollar Unicorns: Ele.me Consolidates Market, but Profits Elusive

Analysts estimate that the number of people in China who use online food ordering services will grow from 256 million people in 2016 to 346 million this year. Food delivery companies currently cover 1,300 cities in the country. Analysts estimate that the market will be worth 240 billion yuan (~$37 billion) next year. Billion Dollar Unicorn

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Billion Dollar Unicorns: AppDirect Cashes in on Cloud

According to Gartner, the worldwide public cloud services market is projected to grow 18% in 2017 to $246.8 billion, up from $209.2 billion in 2016, driven by 37% growth in cloud system infrastructure services and 20% growth in cloud application services. At the center of this growing market is Billion Dollar Unicorn AppDirect.

Billion Dollar Unicorns: AvidXchange Eyeing IPO

According to a Business Insider report, the automation of B2B payments and accounts payable is continuing to grow. Many businesses still make more than half of their B2B payments by check and are now looking to increase their spending on electronic and card-based solutions. Billion Dollar Unicorn AvidXchange is helping businesses unlock this automation opportunity.

Adobe Moves Closer to Microsoft

Unsurprisingly, Adobe (NASDAQ: ADBE) continued to outpace market expectations. Adobe has had a strong run this year. Its stock has climbed more than 50% since the start of the year. But analysts suspect that it may be time for a slowdown. After the recent result announcement, the stock fell because its forecast was in line

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2017 IPO Prospects: Switch Files to go Public

According to a report by TechNavio, the global data center market is projected to grow 11% annually over the next three year period. The growth is attributed to rising digitization and cloud computing among organizations, which is driving the need for higher computational power. Switch is a technology infrastructure company powering the sustainable growth of the

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