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

Posted on Tuesday, Oct 9th 2018

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.

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

Posted on Monday, Oct 8th 2018

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. >>>

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Billion Dollar Unicorns: Upwork Finally Goes Public

Posted on Friday, Oct 5th 2018

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.
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Billion Dollar Unicorns: Okta Faces Tougher Competition from Cisco

Posted on Thursday, Oct 4th 2018

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.

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Red Hat Stumbles, Yet Again

Posted on Wednesday, Oct 3rd 2018

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.

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Billion Dollar Unicorns: Should Oracle Buy MongoDB?

Posted on Tuesday, Oct 2nd 2018

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.

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Billion Dollar Unicorns: Swiggy Enters the Club with Massive Funding

Posted on Monday, Oct 1st 2018

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. >>>

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Proofpoint Expands Through Tie-ups and Acquisitions

Posted on Friday, Sep 28th 2018

Gartner estimates the worldwide enterprise security spending to grow 8% this year to $96.3 billion. As the US gets ready for midterm elections this year, there is growing concern regarding election interference as well. Government agencies and organizations are all gearing towards managing the growing threat of cyber attacks. Sunnyvale, California-based Proofpoint provides cloud-based email security solutions that help organizations secure their data.

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