47 red-hot tech startups that grew to become price billions this yr

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GettyImages 972799818

When Instagram bought to Fb for $1 billion in 2013, it felt like an enormous sum of cash. 

5 years later, we appear to be numb to the billion-dollar acquisitions and valuations round us. WhatsApp was acquired for $19 billion. Uber is valued at $72 billion. 

But, to construct a billion-dollar firm from scratch continues to be an extremely tough feat. Final yr, CB Insights reported that the chances of changing into a unicorn — an organization valued at $1 billion or extra — was lower than 1% for corporations that had raised enterprise capital. 

In 2018, there have been 47 tech corporations within the US to achieve this unicorn standing, in keeping with knowledge offered by PitchBook. 

Others have been included in PitchBook’s checklist, just like the make-up firm Pat McGrath Labs, the flowery healthcare supplier One Medical, and the publicly traded weed dispensary firm MedMen. There have been additionally worldwide corporations. For our checklist, we chosen US corporations with expertise on the core of their enterprise.

Listed here are the 47 US tech corporations that reached unicorn standing in 2018: 

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47. ThoughtSpot

What it does: Search and AI-based analytics

What it is price now: $1 billion

Yr based: 2012



46. WalkMe

What it does: Guides customers to navigate web sites and apps extra effectively

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What it is price now: $1 billion

Yr based: 2011



45. Seismic

What it does: Software program for gross sales workforce productiveness 

What it is price now: $1 billion

Yr based: 2010



See the remainder of the story at Enterprise Insider

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