Upgrade, Inc. Common Shares Down 33.18%
Components in the News May 9, 2023: DataBricks Acquires Okera, Ripple Spends $200M on Legal Defense, & More
What our Analysts Have Been Reading…. Overview Databricks Acquires Okera Brex Announces New Global Capabilities Ripple CEO Claims Legal Fight with SEC Will Cost Company $200M Juul to Pay $462M to Six States Over Youth Addiction Claim National Resilience Secures $410M Loan for Domestic Biomanufacturing ______________________________________________________________________ Databricks recently acquired Okera, an AI-focused data governance […]
New Components: Q2 2023
Last week was Reconstitution week for the Prime Unicorn Index, meaning companies meeting the eligibility requirements were added as components, while those who have lost their unicorn status were removed, according to the methodology. This quarter, we are excited to introduce two new components, Nova Labs and Cart.com. In addition, Temporal Technologies was removed. Nova […]
Components in the News April 12, 2023: Devoted Health Cuts Losses, Leaked Documents’ Ties to Discord, & More
What our Analysts Have Been Reading…. Overview Devoted Health Narrowed Losses in 2022 Leaked Intelligence Documents May Have Originated on Discord Databricks Launches New Lakehouse for Manufacturing Gopuff Turns to Uber for Delivery Help Montenegro to Develop CBDC Pilot with Ripple ______________________________________________________________________ Devoted Health has been outperforming many rival insurance […]
Prime Unicorn Index Falls 4.31%
Industry Leading Benchmark tracking U.S. Venture Capital-Backed Unicorns has significant downward price movement as companies reprice their private securities to reflect current fair market valuations more accurately.
Components in the News March 28, 2023: Raises, Rockets, and Removals
What our Analysts Have Been Reading…. Overview SpaceX Planning a New Raise Brex Expands into Travel Services Relativity Launches Terran 1 Rocket, But Fails to Make Orbit Carta Removes Public Companies from its Platform EquipmentShare Announces Expansion ______________________________________________________________________ A subsidiary of Saudi Arabia’s investment fund and an Abu Dhabi investment […]
Recent Changes in Talkdesk’s Leadership
Recently, Prime Unicorn Index component Talkdesk has been changing its leadership and hiring many new executives. These hirings include William Welch as President and COO, Shane Evans as CRO, and Andrew Dubrov as CCO. According to Business Wire, Welch will work closely with CEO Tiago Paiva to “accelerate the company’s growth and continue to build […]
Components in the News March 14, 2023: SVB Fallout, Continuing AI Craze, & More
What our Analysts Have Been Reading…. Overview Brex Is Helping Startups Borrow More Than $1 Billion To Meet SVB Payroll Crunch Gopuff Makes Another Round of Layoffs Rippling Struggles to Provide Services to Customers Instacart Implements ChatGPT Chatbot to its App SpaceX to Test Satellite-to-Cellular Service This Year ______________________________________________________________________ Brex […]
AI in the Prime Unicorn Index
Lately, many venture funds’ attention has turned to AI startups. For example, companies such as Salesforce have recently launched AI-specific funds, and VCs have been allocating more funds to generative AI, with as much as $2.1B dedicated to the space in 2022, a 425% jump since 2020. In addition, the launch of products such as […]
Happy Money Down Round = Sad Money
Happy Money provides a peer-to-peer lending platform that offers fixed-rate loans to credit-worthy customers in order to pay off credit card debt. It is also a component in the Prime Unicorn Index benchmark, the standard bearer for private markets benchmarking. In December 2021, Happy Money raised $52.56mm in a Series D Preferred round led by […]