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This week marks the quarterly reconstitution of both the Composite and Top 30 Indexes. Let’s take a look and see what’s changed. In the Top 30 Index, Navan fell below the threshold and was removed following a secondary transaction. It is still a component of the Composite Index. It was

It’s been a busy week for Prime Unicorn Index components. Form Energy raised a $405 million Series F, Hinge Health is preparing to file confidentially for a public offering, and many companies saw secondary market activity. Plus, Fidelity raised its first venture fund. Let’s take a look. On October 9,

Automattic, a component of the Prime Unicorn Index, recently made headlines when CEO and WordPress co-creator Matt Mullenweg gave his employees a striking ultimatum, according to CIO. Automattic, the company behind WordPress and the anti-spam tool Akismet, develops software that powers much of the web. Amidst internal disagreements over his

In a significant move that highlights the booming AI sector, Cerebras Systems has filed for an IPO. The AI chip firm’s filing reveals impressive growth, with annual revenue more than tripling in 2023. Key Financial Highlights – 2023 Revenue: $78.74 million – 2022 Revenue: $24.62 million – Revenue Growth: Over

KoBold Metals, a Prime Unicorn Index component last valued at roughly $1.2 billion, has authorized a new Series C round priced 98.6% higher than its Series B, now at $84.95 per preferred share. The increase comes as the company reportedly targets a $2 billion valuation in its upcoming fundraising. This

Insight Partners is nearing completion of its 13th fund, which is expected to close at over $10 billion and potentially reach $12 billion, according to the Financial Times. While this fundraise falls short of the firm’s initial $20 billion target set in June 2022, it still represents a significant amount

People Center, Inc. (DBA: Rippling) has seen its share price climb in the secondary markets in the past few months. The company most recently raised a $200M Series in F in April, which valued it at nearly $12 billion. Rippling is an all-in-one HR, IT, and finance platform that helps

Prime Unicorn 30 Index Performance and Market Insights The Prime Unicorn 30 Index has seen notable fluctuations over the past 12 months, declining by over 12% during a challenging period for private venture-backed companies. However, recent data suggests that the index may be stabilizing, indicating that we could be past

Bloomreach, a leading digital experience platform, has seen its valuation drop below $1 billion in the Prime Unicorn Index following a secondary transaction on August 2, 2024. Bloomreach is a Silicon Valley-based company that provides a digital experience platform for e-commerce businesses. Founded in 2009, the company offers AI-driven solutions

The aerospace and defense sector has seen a surge of innovative companies in recent years, many of which have achieved unicorn status – private companies valued at over $1 billion. The Prime Unicorn Index, which tracks the performance of private U.S. companies, includes several noteworthy players in this field. Let’s