Chronosphere Acquires Observability Platform Calyptia
Chronosphere, a Prime Unicorn Index component, has acquired Calyptia, as disclosed in recent filings with the states of California and Delaware. The Prime Unicorn Index is the first to report this acquisition. Chronosphere is an observability platform that provides enterprises with cloud-native monitoring and distributed tracing solutions. The company, founded by Martin Mao, offers open-source […]
Inari Authorizes Series F Flat Round
Inari Agriculture, a Prime Unicorn Index Component, recently filed a Certificate of Incorporation (COI) on December 21, 2023, that authorized a new Series F round at $12.40 PPPS, the same price as its Series E round. Inari Agriculture is a seed technology startup that uses new breeding technology to design seeds for a more sustainable […]
Devoted Health Issues $175 Million Series E Flat Round
Devoted Health, a Prime Unicorn Index component, recently raised a $175 million Series E round. In a December 14, 2023 filing, the company authorized a Series E round at $56.25, the same price as its Series D round. Devoted Health is a tech-enabled Medicare Advantage startup that focuses on improving the health and well-being of […]
Adobe Ditches $20 Billion Figma Acquisition
On Monday, Adobe scrapped its plans to acquire design software company Figma for $20 billion, citing no clear path to regulatory approval. Regulators in the EU and UK expressed concerns that the deal would essentially give Adobe a monopoly in the design software sector, while US regulators were considering similar investigations. As a result of […]
Dutchie Authorizes Flat Round
Courier Plus Inc., also known as Dutchie, is a software company that provides e-commerce solutions for the cannabis industry. Established in 2018, the company’s platform enables cannabis businesses to offer online ordering for pickup or delivery, serving customers in the United States and Canada. With a focus on streamlining the cannabis purchasing experience, Dutchie offers […]
Navan Cuts 5% of Workforce Amid IPO Plans
Travel software company Navan (FKA: Tripactions) has recently announced a reduction of its global workforce by 5%, impacting around 145 employees, as reported last week by The Information. This move comes at a pivotal time as Navan is gearing up for a public offering. Earlier in the year, the company collaborated with Goldman Sachs for […]
Openview Partners Shuts Down
OpenView Venture Partners, a prominent Boston-based venture capital firm known for its support of enterprise software companies, has made headlines with the unexpected decision to wind down its operations. The firm, which had recently secured $570 million for its seventh fund, has laid off most of its staff and suspended new investments, signaling a significant […]
Neuralink Raises Additional Capital
Neuralink, a Prime Unicorn Index component, has raised an additional $43 million in capital, as a recent Form D filing indicates. Form D filings are a type of filing with the Securities and Exchange Commission (SEC) that allows companies to offer securities under a Regulation D exemption or Section 4(6) exemption, providing essential information about […]
Cohesity Prepares (Again) For an IPO
Data management startup and Prime Unicorn Index component Cohesity is preparing to launch its initial public offering (IPO) soon, pending approval from its financial advisors, as stated by CEO Sanjay Poonen in a discussion with Business Insider. Cohesity, known for enabling companies to store backup data on cloud platforms like Microsoft Azure and Amazon Web […]
Ethos Life’s Valuation Marked Down: A Closer Look at the 14.2% Decrease in Share Price
Ethos Technologies, Inc. (DBA: Ethos Life) is a company that provides affordable and accessible life insurance with a focus on ethical practices. Founded in 2016 by Peter Colis and Lingke Wang, the company aims to make the life insurance process straightforward and customer-friendly. Ethos Life has redesigned the application process to prioritize the needs of […]