47 red-hot tech startups that became worth billions this year
When Instagram sold to Facebook for $1 billion in 2013, it felt like a massive sum of money.
Five years later, we seem to be numb to the billion-dollar acquisitions and valuations around us. WhatsApp was acquired for $19 billion. Uber is valued at $72 billion.
Yet, to build a billion-dollar company from scratch is still an incredibly difficult feat. Last year, CB Insights reported that the odds of becoming a unicorn — a company valued at $1 billion or more — was less than 1% for companies that had raised venture capital.
In 2018, there were 47 tech companies in the US to reach this unicorn status, according to data provided by PitchBook.
Others were included in PitchBook's list, like the makeup company Pat McGrath Labs, the fancy healthcare provider One Medical, and the publicly traded weed dispensary company MedMen. There were also international companies. For our list, we selected US companies with technology at the core of their business.
Here are the 47 US tech companies that reached unicorn status in 2018:
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47. ThoughtSpot
What it does: Search and AI-based analytics
What it's worth now: $1 billion
Year founded: 2012
46. WalkMe
What it does: Guides users to navigate websites and apps more efficiently
What it's worth now: $1 billion
Year founded: 2011
45. Seismic
What it does: Software for sales team productivity
What it's worth now: $1 billion
Year founded: 2010
See the rest of the story at Business Insider
Contributer : Tech Insider https://read.bi/2LCsMEj
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Thursday, December 27, 2018
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