Introducing Coalition to the Prime Unicorn Index
Coalition, a recent addition to the Prime Unicorn Index, focuses on cybersecurity and cyber insurance. The company offers cyber insurance coverage and proactive cybersecurity tools to help businesses manage and mitigate cyber risks. Coalition’s approach integrates insurance and technology, offering a comprehensive solution to protect businesses from cyber threats. The company’s platform provides real-time threat […]
Falling Back to Earth?: Relativity Space Authorizes Series F Down Round
Relativity Space, a rapidly growing aerospace company, is revolutionizing the rocket industry with its innovative approach to designing, building, and launching rockets. Founded in 2015 by engineers Tim Ellis and Jordan Noone, the company’s mission is to leverage 3D printing technology to manufacture rockets faster, cheaper, and with more flexibility than traditional methods. Relativity Space’s […]
Introducing Electric Hydrogen to the Prime Unicorn Index
Electric Hydrogen, one of the new Prime Unicorn Index components for Q4 2023, is a pioneering hydrogen startup that has rapidly emerged as a key player in the green hydrogen industry. Founded in 2020, Electric Hydrogen is dedicated to manufacturing high-efficiency green hydrogen systems to economically decarbonize industrial sectors such as ammonia and steel. The […]
Index Component Olive AI Shutters Operations
Olive AI, a healthcare automation company once valued at nearly $4 billion in the Prime Unicorn Index, has recently announced its decision to shut down operations. The company has sold itself off in pieces to healthcare companies Waystar and Humata Health and will wind down its business1. This news comes after Olive AI faced financial […]
Another Markdown for Upgrade
Upgrade, Inc. (FKA: Credify Finance Corporation) has made notable strides with its online lending platform aimed at lowering credit costs and providing new product access to assist consumers in understanding and making responsible credit decisions. The platform remains a component in the Prime Unicorn Index. The company’s last preferred funding round was a Series F […]
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 […]