Support for 'unicorn' tech startups wane in Q4: report
San Francisco
INVESTOR enthusiasm for highly valued private technology companies waned substantially in the fourth quarter last year, with new data revealing that the growth of the so-called "unicorn" herd slowed dramatically.
Just nine tech companies last quarter became unicorns, or venture-backed companies valued in the private market at US$1 billion or more, according to data released on Thursday by CB Insights, which tracks venture capital and angel investments globally into private companies. That compares to 23 companies that became unicorns in both the second and third quarters last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think