Public Components Update

Last week, we covered a handful of components that appear to be eyeing an IPO in the near future. However, much of this depends on the current performance of the public markets and, more specifically, other recent IPOs. The Prime Unicorn Index retains companies for a period after its IPO to mirror a traditional lockup […]

Prime Unicorn Index IPO Pipeline

Our latest report highlights the exciting IPO pipeline within the Prime Unicorn Index, showcasing the potential of some of our component companies. Despite market challenges, firms like Databricks, Navan, ServiceTitan, Cerebras, and CoreWeave appear to be preparing for public offerings, demonstrating robust fundamentals and substantial investment interest. Download the full report to gain insights into […]

Cityblock Health Authorizes Series X Stock at a Steep Discount

On June 18, 2024, Cityblock Health, Inc. authorized a new Series X stock, priced significantly lower than its previous Series D stock.  Cityblock Health is a tech-driven healthcare provider that delivers comprehensive, personalized care to underserved urban populations. Founded in 2017 as a spinoff of Alphabet’s Sidewalk Labs, Cityblock leverages data and technology to address […]

Harness Acquires Split & Authorizes New Junior Preferred Round

On June 12, 2024, Prime Unicorn Index component Harness announced it had completed an acquisition of Split Software, a leading feature management and experimentation provider. Harness claims that, following the acquisition, “businesses will no longer need to purchase single-point solutions to meet their end-to-end software delivery requirements.” Harness is a software delivery platform that automates […]

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 […]

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 […]