Index Update: Latest News on Top 30 Companies
SpaceX’s Fourth Starship Launch is a Success (June 6th, 2024) SpaceX launched their Starship rocket out of southern Texas on Thursday, marking the first successful launch and reentry for the reusable rocket. The previous three flight tests had ended in explosions, but this time the booster landed safely in the Gulf of Mexico while the […]
Roofstock Merges With Mynd, Offers Steep Discount On Series MM Round
On May 31st, 2024, Roofstock, a Prime Unicorn Index Component last valued at $1.8 billion, authorized a new Series MM round at $9.12 PPPS, which marks a 69.07% decrease from the Series E price of $29.49. This comes along with a June 3rd announcement of a merger with Mynd, another tech-enabled company in the real […]
Databricks, Anthropic Make Big Moves
Over the past few weeks, Prime Unicorn Index component Anthropic has made multiple significant moves, hiring former Airbnb and Fanatic executive Krishna Rao as CFO and Mike Krieger, co-founder of Instagram, as Chief Product Officer. As previously reported, Anthropic has closed funding deals worth about $7.3 billion in the past year, and its recent deal […]
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 […]