Sentry: Another Fallen Unicorn?
Functional Software (DBA: Sentry) risks losing its eligibility as a Prime Unicorn Index component after its valuation slipped below $1 billion. Once worth $2.5 billion, the company saw its share price slide 67.7% in recent weeks in the secondary market, reducing its valuation to nearly $806 million. Sentry provides application monitoring and error-tracking solutions. The […]
Cart.com Loses Short-Lived Unicorn Status
Cart.com, a Houston-based e-commerce platform, will likely lose its eligibility as a Prime Unicorn Index component after a secondary transaction caused the company to slip below a $1 billion valuation. Cart.com provides a comprehensive suite of services for online retailers, enabling them to manage and grow their businesses effectively. Their offering includes tools for website […]
Anthropic Receives Additional $2.75 Billion in Amazon Funding
On March 27th, 2024, Anthropic, a Prime Unicorn Index component, received an additional $2.75 billion in funding from Amazon, totaling Amazon’s investment in the AI startup to $4 billion and making this Amazon’s largest venture investment to date. Anthropic has developed Claude, a generative AI chatbot designed to compete with OpenAI’s ChatGPT. The company recently […]
Mark43 Authorizes Huge Down Round
On March 26, 2024, Mark43, a Prime Unicorn Index component most recently valued at $1.5 billion, authorized a new Series F round that marked down its share price by a whopping 86.7%. Mark43 is a technology company that provides cloud-based software solutions for public safety agencies, including law enforcement, fire departments, and emergency medical services. […]
Don’t Call It a Comeback: Astera Labs Soars in IPO
As the tech industry emerges from its IPO drought, this week marks a significant turning point with the launch of some of the first tech IPOs of 2024. Among them, Reddit and Astera Labs stand out as highly anticipated public offerings. Astera Labs, in particular, holds the spotlight as a Prime Unicorn Index component that […]
Up Rounds in a Challenging VC Landscape
In recent times, the venture capital landscape has been characterized by a cautious approach, with down rounds and flat rounds becoming increasingly common as investors recalibrate their expectations in a shifting economic environment. However, amidst this cautious backdrop, there are standout companies that defy the trend, securing up rounds that signal strong investor confidence and […]