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 […]
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 […]