Unicorn

Sprinklr offers the world’s only Experience Cloud™ technology platform, purpose-built to help large brands create, manage, and optimize valuable social experiences that customers will love on 20+ social channels and brand websites.

When social media software firm Sprinklr unveiled its latest funding last month, it vaulted into the club of “Unicorns,” or tech startups worth at least $1 billion.

While unicorns are supposed to be rare, mythical creatures, the proliferation of these billion-dollar startups has raised eyebrows as well as concerns in the fast-moving technology sector.

More than 80 tech firms can now be called unicorns, according to a Forbes Magazine list.

The venture capital research firm CB Insights lists 53 US-based unicorns, saying a flood of private equity investors seeking an early piece of the next tech superstar has fueled the hefty valuations.

The use of the term “Unicorn” began with a blog from investor Aileen Lee of Cowboy Ventures in late 2013, when there were just 39 of the creatures and an average of four “Born” each year.

While some of the unicorns appear to be headed for big things, unicorn fever has raised fears of a bubble in the private equity markets.

The unicorns include a handful of startups worth at least $10 billion, a group sometimes called the “Decacorns.” These include China’s Xiaomi, Airbnb, Pinterest and Dropbox, in addition to Uber and Snapchat.

Gurley, who has been a leading voice of caution on unicorns, said in a blog post that both investors and startups are pushing too hard, ignoring traditional standards of risk.

The online retail startup Fab.com, which raised $300 million and joined the unicorn club last year, ended up selling most of its assets in March to the manufacturing firm PCH in a deal reported to be worth just $15 million.

Sony acquired another former unicorn, the gaming service OnLive, recently for an undisclosed price.

Anant Sundaram, a professor at Dartmouth’s Tuck School of Business who specializes in corporate valuations, said that while financial data on these unicorns is often limited, few have demonstrated an ability to grow revenues and establish a sustainable business.

In a blog post, Barris said he sees unicorns transforming the way we live.

(Credits to Agence France-Presse)

The post Unicorns Tech startups worth at least $1 billion appeared first on TalksFriendite .