Brazilian FinTech QI Tech has achieved unicorn status after extending its Series B round. With this extension, the firm raised additional equity with current investor General Atlantic and Across Capital, QI Tech said in a Thursday (April 25) press release. This announcement comes six months...
There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has run its course, the cash coffers have been drained, and in the United States, bankruptcies have been on the rise....
The status of being a unicorn is not as secure as it once seemed. Nearly 90% of the 128 companies that achieved valuations of $1 billion or more in 2021 are now estimated to be valued lower in private trades, Bloomberg reported Wednesday (Dec. 6), citing data...
Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee, was valued at more than $1 billion on the strength of its open-source artificial intelligence (AI) model, Bloomberg News reported Monday (Nov....
July 28, 2016
No merger among India's marquee unicorns seems forthcoming, but there has been a murmur of a down round and a few regulatory wrinkles, too.
August 04, 2024
Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn last week following investments from Ayala Corp. and Japan’s Mitsubishi UFJ Financial Group (MUFG). “GCash is an indispensable infrastructure for everyday life of Filipinos and we are delighted to join […]
April 25, 2024
Brazilian FinTech QI Tech has achieved unicorn status after extending its Series B round. With this extension, the firm raised additional equity with current investor General Atlantic and Across Capital,...
December 06, 2023
The status of being a unicorn is not as secure as it once seemed. Nearly 90% of the 128 companies that achieved valuations of $1 billion or more in 2021...
November 06, 2023
Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee, was valued at more than...
