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Data. Insights. Reports. New Funding. Oh my.

Vercel Raises $250 Million Series E

Vercel, a developer-first platform that focuses on increasing developer productivity and satisfaction, raised $250 million in a Series E round, putting its valuation at $3 billion, as calculated by the Prime Unicorn Index. Accel led the Series E round, which included participation from CRV, GV, Notable Capital, Bedrock, Geodesic Capital,

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‘CNBC Disruptor 50’ and the Prime Unicorn Index

Today, CNBC published its annual ‘CNBC Disruptor 50’ list, which “highlights private companies upending the classic definition of disruption as AI leads new business models beyond the era of better, faster, and cheaper innovation.” How does this list overlap with the Prime Unicorn Index? Let’s find out. Components in the

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Introducing our Newest Components for Q2 2024

Just a few weeks ago, the Prime Unicorn Index underwent its quarterly reconstitution, which saw the addition of five new components and the removal of one component in the composite index. This quarter’s new additions include Supplying Demand (DBA: Liquid Death), GoForward (DBA: Forward), Zum Services, Gradiant, and Commerce Fabric

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Rubrik: Another Successful IPO?

Rubrik, a Prime Unicorn Index component, made its public market debut last Thursday, April 25, priced at $32 per share, above its expected range of $28 to $31. The company closed its first day of trading at $37 and is trading near $35 at the time of writing. This marks

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Lacework in Talks to be Acquired by Wiz at a Steep Discount

Lacework, a company once valued at $6.6 billion by the Prime Unicorn Index, is in talks to be acquired by Wiz for $150-200 million, according to The Information. Both companies are startups offering cloud security software. Lacework has raised over $1.85 billion, most recently raising a massive $1.3 billion Series

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Phenom’s Share Price Drops 20%

**Correction: After further review and consulting with Phenom, the company has maintained a valuation of over $1 billion, and the article has been updated to reflect this. The title was changed from “Phenomenal Drop: Phenom Falls Out of the Prime Unicorn Index.”** Last week, the Prime Unicorn Index underwent its

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The Critical Role of Secondary Markets in the Prime Unicorn Index

Introduction Recent trends in venture capital reveal a stark transformation in exit strategies. The dramatic reduction of US venture IPOs, coupled with the decrease in M&A activity, underscores a growing reliance on alternative routes for liquidity, such as the secondary market. These markets are emerging as crucial alternatives for firms

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Sentry: Another Fallen Unicorn?

Functional Software (DBA: Sentry) risks losing its eligibility as a Prime Unicorn Index component after its valuation slipped below $1 billion. Once worth $2.5 billion, the company saw its share price slide 67.7% in recent weeks in the secondary market, reducing its valuation to nearly $806 million. Sentry provides application

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