Billion Dollar Unicorns: MindMaze Channels Virtual Reality into Healing

According to a report by Global Industry Analysts, the global market for Virtual Reality (VR) in Healthcare is estimated to be worth $3.8 billion by 2020. The United States is expected to be the largest market globally driven by increasing spend on R&D and investments in VR technology by government and private companies. Meanwhile, Asia-Pacific is projected to be the fastest growing market with a growth rate of 23.2% annually. Billion Dollar Unicorn club member MindMaze is a leading player in this market.

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Billion Dollar Unicorns: Ping An Good Doctor Is Largest Chinese Healthcare Unicorn

A report by HSBC published last year estimates the online to offline (O2O) market in China to be worth more than $150 billion in size. The online segment of this market grew 80% during the first half of last year to $47 billion. The market is expected to continue to have a strong growth opportunity. China’s Ping An Good Doctor has made a mark in the healthcare O2O market and is a new entrant to the Billion Dollar Unicorn club.

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Baidu Falters as Chinese Authorities Tighten Noose Around Search Results

Recent news reports suggest problems ahead for Chinese search giant Baidu (Nasdaq: BIDU). The company announced its lackluster quarterly forecast last month and that was followed by increased Internet censorship by regulators in China. But first, the financials.

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Twilio’s Successful IPO: Things to Watch Out For

According to Dealogic, there have been just 34 IPOs so far this year, compared to 72. There have been only three tech IPOs so far and the market response has been lukewarm to all but Twilio, which went public last week on the NYSE under the ticker TWLO. >>>

For Oracle, It is All About the Cloud Now

There appears to be a heated race among the top cloud players to get to the $10 billion mark. Salesforce.com has always boasted of how it will be the first company to reach that mark. But in the recent result announcements, its rival Oracle (NYSE: ORCL), proclaimed that it could very well be the first one instead.

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New Relic Diversifying Beyond Application Performance Monitoring

According to a Global Industry Research report, the Global Application Performance Management (APM) market is estimated to grow to $5 billion by the year 2020. The increasing demand is driven by the growing need of enterprises to gain better business visibility and monitor applications to deliver customer satisfaction and improve operational efficiency. An earlier Markets and Markets research had estimated the industry to grow 13% annually through the year 2019. Despite the strong market growth, New Relic (NYSE: NEWR) is not restricting its presence to the APM market and is, instead, diversifying to other software services.

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Unicorn Massacre: Box Continues to be Downgraded

Cloud-based storage services provider Box (NYSE: BOX), went public 18 months ago and has since then been trying to improve its valuation. Prior to listing, Box had been valued at $2.4 billion. A year later, the company’s valuation has fallen to just over half that value as the market doesn’t appear too pleased with its loss-making business model.

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Zendesk and Freshdesk Jump on AI Bandwagon

According to Gartner, the global customer relationship management (CRM) software market is estimated to have grown 12.3% to $26.3 billion in 2015. SaaS revenue grew 27% year over year, more than double overall CRM market growth in 2015. Salesforce is the largest player with about 20% of the global CRM market. Zendesk and Freshdesk are two players that specifically compete in the customer support part of the CRM market. >>>