Introducing Ascend Elements to the Prime Unicorn Index
After the recent reconstitution of the Prime Unicorn Index, five new components were added. Today, we’ll delve into Ascend Elements, one of these fresh additions. Ascend Elements is an independent manufacturer of advanced lithium battery materials. The company uses a patented process called Hydro-to-Cathode™ to transform spent lithium-ion batteries into high-value materials for electric vehicle […]
New Component Highlights: Shield AI
After the recent reconstitution of the Prime Unicorn Index, five new components were added. Today, we’ll delve into Shield AI, one of these fresh additions. Shield AI is a defense technology company that specializes in building intelligent systems to protect service members and civilians. The company’s mission is to revolutionize battlefields and commercial aviation with […]
Introducing our Newest Components- Q4 2023 Reconstitution
Overview Last week was Reconstitution week for the Prime Unicorn Index, meaning we removed companies that no longer met the eligibility criteria and added new companies that were eligible for inclusion. This quarter, we removed three companies while adding five, bringing the total component count to 200. Outgoing Tealium, Alto Pharmacy, and Pacaso were all […]
‘Next’ in Line: Unpacking the Insurtech Giant’s Series G Markdown
Next Insurance is an insurtech company that offers tailored insurance solutions for small businesses and entrepreneurs. Founded in 2016, it seeks to simplify the insurance buying process by providing easy online access to customized policies. By leveraging technology, Next Insurance not only provides more efficient service but also often delivers more competitive rates than traditional […]
Dremio Common Shares Marked Down 41.32%
Dremio is an open-source data-as-a-service platform that facilitates high-speed data querying and exploration across various data sources. Leveraging Apache Arrow as its core execution engine, Dremio optimizes query performance and promotes seamless interaction with diverse data stores. It also provides a self-service interface for data engineers and analysts, allowing them to curate and shape data […]
Divvy Homes Sees 73% Markdown
Divvy Homes, founded in 2017, is a fintech company that aims to simplify the path to homeownership. By offering a lease-to-own model, Divvy enables potential homebuyers to start with renting and incrementally build equity in their homes with each monthly payment. This unique approach provides an alternative to traditional mortgages, making homeownership more accessible to […]
Component Highlights: Brex
Overview Brex is a fintech company that has revolutionized the corporate credit card landscape. Founded in 2017 by Henrique Dubugras and Pedro Franceschi, two young entrepreneurs from Brazil, Brex offers a unique credit card specifically designed for startups, e-commerce brands, and other businesses. Unlike traditional credit cards, Brex determines credit limits based on a company’s […]
Farmer’s Business Network
Introduction Farmer’s Business Network Inc., located in San Carlos, CA, is a pivotal entity in the agritech sector. It is also a component of the Prime Unicorn Index. With its innovative solutions and extensive reach, the company stands out as a significant contributor to advancements in agricultural practices and technologies. It operates in the realm […]
The Landscape of Upcoming Unicorn IPOs
The IPO market is buzzing with anticipation as several unicorn companies, including Discord, ServiceTitan, Astera Labs, and Rubrik, are speculated to be contemplating going public, as reported in The Information. This comes amidst a backdrop of a revitalized tech IPO market, which, despite facing headwinds like high interest rates and macroeconomic ambiguity, has witnessed the […]
Investor Highlights: Sequoia Capital (Part 1)
Sequoia Capital, founded in 1972, is a globally renowned venture capital firm recognized for its significant role in empowering transformative companies across various sectors, including technology, healthcare, and consumer services. With its headquarters in Menlo Park, California, and offices worldwide, Sequoia specializes in investments at every stage and is known for its founder-centric approach, focusing […]