![]() The unicorn board does not reflect internal company valuations - such as those set via a 409a process for employee stock options - as these differ from, and are more likely to be lower than, a priced funding round. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round. The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. VectorBuilder, a gene delivery technology company headquartered in Chicago, raised a funding which valued the company at $1 billion.Humanoid robot developer Zhiyuan Robotics based in Shanghai, raised its third funding led by Baidu Capital, valuing the company at $1 billion.The company is also developing software to monitor safe driving practices. Tokyo-based GO, the leading ride hailing app in Japan, raised a $72 million Series D led by Goldman Sachs which valued the company at $1 billion. ![]() The company based in New York raised $100 million led by WestCap valuing the company at $1 billion. Proptech company Avenue One provides a platform of services from brokers, contractors and property managers for buyers of rental properties.The funding was led by private equity firms Kohlberg Kravis Roberts and L Catterton. Restaurant management software company Restaurant365 based in Irvine, California, raised a $135 million round which valued the company at $1 billion.It raised a $225 million Series D led by BoltRock Holdings and Centaurus Capital in a round which valued the company at $1 billion. Massachusetts-based Gradiant helps enterprises dependent on water reduce and treat wastewater.Indonesia-based eFishery, developer of an IoT feeding device for shrimp and fish, and an e-commerce platform for aquafarmers, raised a $108 million Series D led by Abu Dhabi PE fund G42 Expansion Fund.China-based Ryefield Energy, a battery energy storage company, raised $140 million led by Sparkedge Capital.The funding valued the 5-year-old company at $1.5 billion. Generative video AI company Runway, based out of New York, raised a $100 million Series D led by Google.The funding was led by Inovia Capital valuing the 4-year-old company at $2.2 billion. Toronto-based Cohere, a generative AI large language model developer for enterprises, raised $270 million in its Series C funding.“There are changes in collecting data, there are changes in analysing data,” he said. Yunger said the success of DataRobot - which landed a $2.7 billion valuation last year - and Tableau show the market is open to Pecan AI. While others like Boston-based DataRobot bring AI to the process, it is designed for a smaller sect of data scientists, Bronfman said. Just as Tableau and Qlik changed the BI world more than a decade ago, Pecan AI is seeking to do the same. With the new money in hand, the company plans on doubling its headcount in the next year and investing in its platform, Bronfman said.īronfman said he sees Pecan AI as the next generation of business intelligence. The 50-person company was not actually fundraising when Yunger started to talk to Bronfman about three months ago to take on an investment to accelerate the growth. “You need to enable the folks who have that data to leverage that data,” he said. Oren Yunger, investor at GGV Capital, said investing in a platform that brings AI to analysts was an easy decision as every company is now moving from being data informed to data driven. ![]() “With the pandemic, it’s shown you can’t just rely on historical data,” he said. The recent pandemic made getting those insights even more important as business patterns were thrown into flux, Bronfman said. ![]() Pecan AI’s platform mainly has been used by retailers, makers of consumer products, and mobile application developers to understand consumer behavior. The platform is designed for business intelligence analysts, allowing more people in an organization to use it and the AI-driven information it provides. The company - which is based in Tel Aviv pending a move soon to New York - helps its clients integrate AI into their business intelligence data and analytics, unlocking more predictive insights and information, said co-founder and CEO Zohar Bronfman. The company has now raised more than $50 million in funding since being founded in 2018. The round was led by GGV Capital and included participation from Vintage and existing investors Dell Technologies Capital, S-Capital and Mindset. Pecan AI closed a $35 million Series B after a year and a half of aggressive growth spurred on in part by the pandemic. ![]()
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