Billion Dollar Unicorns: Gusto Gets Fresh Round of Funding for Growth

According to an Allied Market Research report, the global cloud-based payroll software market is estimated to grow 7% annually to $10.3 billion by 2023. San Francisco-based Gusto is a Billion Dollar Unicorn in the industry.

>>>

Featured Videos

Billion Dollar Unicorns: Grab Gives Uber a Ride out of Southeast Asia

According to a recent Grand View Research report, the global on-demand transportation market is expected to grow 20% annually over the next few years to $290.3 billion by 2025. The high growth rate is attributed to continued penetration of smartphones and connected vehicles. While Uber remains the market leader in the industry, localized offerings in other regions are strongly gaining ground. Singapore-based Grab, also known as Grab Taxi, is one such Billion Dollar Unicorn in Southeast Asia.

>>>

Check Point’s Market Share is Slipping

According to a recent Visiongain report, the global Cyber Security market is expected to generate $98.8 billion in revenues in 2018 driven by increasing cyber-attacks, coupled with the higher penetration of cloud, mobility, and bring-your-own-device (BYOD) trends. Tel Aviv, Israel-based, Check Point Software Technologies Ltd. (NASDAQ: CHKP) is seeing strong traction in the segment.

>>>

Billion Dollar Unicorns: Smartsheet Delivers High Growth, But No Profits

Billion Dollar Unicorn Smartsheet (NYSE: SMAR), went public in April this year. Analysts have big expectations from the company given that it has a modest 1% penetration in the cloud-based work management market, that some estimate, is more than a $20 billion opportunity. The company’s recently reported results show strong revenue growth, but profits have remained elusive. Smartsheet hopes to change that with the product upgrades launched recently.

>>>

Billion Dollar Unicorns: Profitable PolicyBazaar Focuses on Health, Delays IPO

According to a NASSCOM-KPMG report, the Indian FinTech market is expected to grow at a CAGR of 22% to be worth $2.4 billion in 2020 and is a hot favorite for VC funding. PolicyBazaar is a recent entrant to the Billion Dollar Unicorn Club, thanks to the $200 million infusion from Softbank. >>>

Billion Dollar Unicorns: Upwork Finally Goes Public

As per a recent Morgan Stanley report, freelance workers will account for nearly half of the US workforce within ten years, compared with the current 35% share. The shift in the workforce is attributed to changing demographics, increased digitization, and the adoption of cloud-based services. Earlier this week, Billion Dollar Unicorn Upwork (Nasdaq: UPWK) went public. It is still early days, but the stock appears to have done well so far.
>>>

Billion Dollar Unicorns: Okta Faces Tougher Competition from Cisco

According to a Tech Navio report published earlier this year, the global identity and access management (IAM) market is estimated to grow 13% annually over the next four years. The growth will be driven by the continuing adoption of Bring Your Own Devices (BYOD) in the workplace. The Americas were the biggest market for the industry and accounted for 41% of the share. However, as growth picks up in EMEA and the rest of the world, America’s market share is estimated to reduce 4% during the forecast period. Here is an interesting infographic from the report.

>>>

Red Hat Stumbles, Yet Again

Linux provider Red Hat (NYSE: RHT) continues to deliver disappointing results. Despite missing expectations, the company does not appear worried. It believes that it has hit the “bottom” and things will only grow from here.

>>>

Billion Dollar Unicorns: Should Oracle Buy MongoDB?

According to a Market Research Media report published earlier this year, the global NoSQL market is estimated to grow 21% annually to $3.4 billion by 2024. Analysts believe that with unstructured data having surpassed structured data globally, NoSQL will be the primary DBMS platform going forward. Billion Dollar Unicorn MongoDB (Nasdaq:MDB) is already delivering results on this high growth trend.

>>>

Billion Dollar Unicorns: Swiggy Enters the Club with Massive Funding

According to RedSeer Consulting, India as a market holds tremendous potential for food delivery apps with the sector recording a 125% increase in order volumes. A huge beneficiary of this trend is Indian food delivery startup that recently entered the Billion Dollar Unicorn club. >>>