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Data. Insights. Reports. New Funding. Oh my.

Automattic Loses 8.4% of Staff After CEO’s Ultimatum

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

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KoBold Metals’ Series C Marks Significant Valuation Increase

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

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Insight Nearing Completion of $10 Billion Fund

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

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Rippling’s Recent Rise

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

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Prime Unicorn 30 YTD: On the Road to Recovery

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

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Bloomreach’s Valuation Withers Below $1B

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

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Popular Fitness App Strava Loses Unicorn Status

Strava, a Prime Unicorn Index component once valued at roughly $1.5 billion, has lowered its internal valuation, as evidenced through Employee Plan Exemption Notices (EPENs), which disclose the price of common shares issued to company executives. Strava is a popular fitness tracking and social networking app for athletes, particularly cyclists

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