Components in the News April 12, 2023: Devoted Health Cuts Losses, Leaked Documents’ Ties to Discord, & More

        What our Analysts Have Been Reading….     Overview Devoted Health Narrowed Losses in 2022 Leaked Intelligence Documents May Have Originated on Discord Databricks Launches New Lakehouse for Manufacturing Gopuff Turns to Uber for Delivery Help Montenegro to Develop CBDC Pilot with Ripple ______________________________________________________________________ Devoted Health has been outperforming many rival insurance […]

Components in the News March 28, 2023: Raises, Rockets, and Removals

        What our Analysts Have Been Reading….     Overview SpaceX Planning a New Raise Brex Expands into Travel Services Relativity Launches Terran 1 Rocket, But Fails to Make Orbit Carta Removes Public Companies from its Platform EquipmentShare Announces Expansion ______________________________________________________________________ A subsidiary of Saudi Arabia’s investment fund and an Abu Dhabi investment […]

Recent Changes in Talkdesk’s Leadership

Recently, Prime Unicorn Index component Talkdesk has been changing its leadership and hiring many new executives. These hirings include William Welch as President and COO, Shane Evans as CRO, and Andrew Dubrov as CCO. According to Business Wire, Welch will work closely with CEO Tiago Paiva to “accelerate the company’s growth and continue to build […]

Components in the News March 14, 2023: SVB Fallout, Continuing AI Craze, & More

        What our Analysts Have Been Reading….     Overview Brex Is Helping Startups Borrow More Than $1 Billion To Meet SVB Payroll Crunch Gopuff Makes Another Round of Layoffs Rippling Struggles to Provide Services to Customers Instacart Implements ChatGPT Chatbot to its App SpaceX to Test Satellite-to-Cellular Service This Year ______________________________________________________________________ Brex […]

AI in the Prime Unicorn Index

Lately, many venture funds’ attention has turned to AI startups. For example, companies such as Salesforce have recently launched AI-specific funds, and VCs have been allocating more funds to generative AI, with as much as $2.1B dedicated to the space in 2022, a 425% jump since 2020. In addition, the launch of products such as […]

Happy Money Down Round = Sad Money

Happy Money provides a peer-to-peer lending platform that offers fixed-rate loans to credit-worthy customers in order to pay off credit card debt. It is also a component in the Prime Unicorn Index benchmark, the standard bearer for private markets benchmarking.  In December 2021, Happy Money raised $52.56mm in a Series D Preferred round led by […]

Components in the News February 28, 2023: NFT Rental Properties, SpaceX Delays, & More

      What our Analysts Have Been Reading….     Overview Roofstock Sells Rental Property Via NFT Whoop Lowers Subscription Prices Via in Talks to Acquire Citymapper SpaceX Mission to ISS Called Off at Last Minute Altria Plans to Sell its 35% Stake in Juul ______________________________________________________________________ Roofstock sold an Alabama rental property as an NFT […]

Leadership Changes at LaunchDarkly: Dan Rogers Named as New CEO

Edith Harbaugh, Co-Founder of Catamorphic (DBA: LaunchDarkly), will be stepping down from her role as CEO and will be succeeded by Rubrik President Dan Rogers, according to Bloomberg. The move will see Harbaugh shift to the position of executive chair of the company. Oakland, CA-based Catamophic offers LaunchDarkly, a dashboard product that allows managers to […]

Components in the News February 14, 2023: More Layoffs…

  What our Analysts Have Been Reading….     Overview Talkdesk Initiates Layoffs Tanium Appoints New CEO Gusto Cuts 5% of Staff Impossible Foods to Lay Off 20% of Workers Clari, Workato Implement Layoffs ______________________________________________________________________ Talkdesk has begun a round of layoffs. While no total figure has been confirmed, some employees are claiming it could affect up […]

TripActions Rebrands to Navan

Prime Unicorn Index component TripActions is now known as Navan, Inc. According to the press release, this rebrand marks the next stage in the company’s evolution as it defines a new category of software: Business Software Designed for People.  Besides changing its name, Navan will combine TripActions’s travel, corporate card, and expense solutions into a […]