Abnormal Security Authorizes Series D Up Round
Abnormal Security, a Prime Unicorn Index component, recently authorized a new Series D round on May 23, 2024. Abnormal is a cybersecurity company specializing in protecting organizations from advanced email-based threats using artificial intelligence and machine learning. Its last round was a $210 million Series C round priced at $19.62 per preferred share in March […]
Coreweave Secures Billions in Funding During May
On May 1st, 2024, Coreweave, a Prime Unicorn Index component and leading AI cloud provider, announced that it had raised $1.1 billion in equity funding during its Series C round. The funds were raised at $779.05 PPPS, which was disclosed in the Certificate of Incorporation filed May 16th, 2024. This marks a massive 598% increase […]
FloQast Raises Series E Round
FloQast, a provider of cloud-based accounting workflow automation software designed to streamline and improve the efficiency of common accounting processes, recently closed its Series E round, covered in March by the Prime Unicorn Index, raising $100.25 million. This information was disclosed through a Limited Offering Exemption Notice (LOEN) filed with California in April 2024. This […]
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, Tiger Global, 8VC, and SV […]
‘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 Disruptor 50: 2. Anduril 4. […]
GoPuff Marked Down Significantly in the Prime Unicorn Index
GoBrands (DBA: GoPuff), once valued at $13.84 billion by the Prime Unicorn Index, has seen its share price slide nearly 85% in the Index over the past year. GoPuff last raised a $1 billion Series H round in July 2021 at $388.49 per share, which gave the company a $13.84 billion post-money valuation. Later, in […]
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 (DBA: Fabric). Liquid Death sells […]
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 the third Prime Unicorn Index […]
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 D in November 2021. Its […]
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 quarterly reconstitution, where new companies […]