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Okta Delivers a Strong Quarter and a Strong IPO

Posted on Tuesday, Jul 25th 2017

According to Stratistics MRC, the Global Identity & Access Management market is estimated to grow 15% annually from $7.94 billion in 2016 to $20.87 billion by 2022. Earlier this year, Identity and Access Management services provider Okta (Nasdaq:OKTA) went public. The listing of the San Francisco-based company appears to be doing well so far.

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Billion Dollar Unicorns: Sales AI Startup Afiniti Considering IPO

Posted on Monday, Jul 24th 2017

With leading tech giants like Alphabet, Apple, and Amazon focusing more on artificial intelligence (AI), the sector is attracting much funding. According to CB Insights, over 550 startups using AI as a core part of their products raised $5B in funding in 2016. Afiniti is one such startup that has become a Billion Dollar Unicorn. >>>

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Billion Dollar Unicorns: DraftKings Faces Hurdles

Posted on Friday, Jul 21st 2017

According to Juniper Research, the entry fee revenues in the fantasy sport industry are estimated to grow from $2.6 billion in 2016 to $5.3 billion by the year 2020. However, the industry is witnessing several legal and regulatory concerns that have slowed down the growth of Billion Dollar Unicorn DraftKings. >>>

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Billion Dollar Unicorns: Careem Focused on MENA

Posted on Thursday, Jul 20th 2017

The highest privately valued company Uber is the poster child of ride sharing. One of its strong, regional rivals is Dubai-based Careem, which has recently entered the Billion Dollar Unicorn Club. >>>

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The Trade Desk Delivers the Rare Combination of High Growth and Profits

Posted on Wednesday, Jul 19th 2017

According to a recent eMarketer report, digital advertising spending in the US is expected to grow from $83 billion in 2017 to $129.23 billion in 2021. Digital ad expenditures overtook TV ad spend in 2016. TV ad spend is expected to reduce from 35.2% in 2017 to 30.8% by 2021. During the same period, digital advertising will grow to nearly half of the advertising spend in 2021 compared with 36.7% in 2016. The Trade Desk (Nasdaq: TTD) is a self-serve ad platform that went public recently.

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Billion Dollar Unicorns: Clover Health Reaches Milestone Valuation

Posted on Tuesday, Jul 18th 2017

Over the past few years, there has been an added focus within the global healthcare industry to reduce costs and manage resources more efficiently while improving patient care. To meet these pressures, healthcare organizations including physicians and insurance service providers have become data driven. San Francisco-based Clover Health is a Billion Dollar Unicorn club member making big strides in the industry.

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Billion Dollar Unicorns: Garena Files Privately in New Avatar

Posted on Monday, Jul 17th 2017

Singapore-based Garena became the most valuable Billion Dollar Unicorn from South East Asia riding on the popularity of its games. It has now expanded into e-wallets and e-commerce in the South East Asian region and has filed privately for an IPO after rebranding itself as Sea. >>>

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Billion Dollar Unicorns: Kuaishou to Focus on AI

Posted on Friday, Jul 14th 2017

According to a report by Zion Market research, the global digital photography market is expected to grow 6% annually from $77.66 billion in 2015 to $110.79 billion in 2021 driven by the increasing advancements within the social networking and photo sharing sites. Billion Dollar Unicorn  club member Kuaishou is already reaping benefits associated with this trend.

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