Only the most fruitful privately-possessed tech startups obtain desired ‘unicorn’ status – reaching a valuation exceeding US$1bn. According to CB Insights, there are 1,000 unicorns around the world as of March 2022. Popular previous unicorns include Airbnb, Facebook, and Google.
Spanning the FinTech, gaming, and even space industries, the technology unicorn market comprises companies located across the globe, disrupting their industries with innovations. Many of these startups have demonstrated their value, becoming dec acorns – aka unicorns with valuations above US$10bn, of which there are north of 30.
1. ByteDance
Headquartered in Beijing, ByteDance is a Chinese internet technology company operating a range of content platforms to inform, educate and entertain individuals. One of its most notable platforms is TikTok, the world’s leading platform for short-structure versatile videos. Established in 2012, the company also offers other platforms, for example, Douyin for versatile video in China; Toutiao, a Chinese content disclosure platform; Help, a social media platform; and Xigua Video, one of China’s most popular video applications.
2. SpaceX
Established by famous business person and Tesla proprietor, Elon Musk, in 2002, Space Exploration Advances ‒ or SpaceX ‒ is an American aerospace manufacturer and supplier of space transportation administrations. Musk established the company to reduce space transportation costs. SpaceX is the principal private company to effectively launch, circle, and recuperate a spacecraft, and the main private company to send a spacecraft to the International Space Station. The company is developing a satellite internet constellation named Starlink to give commercial internet administrations. In January 2020, the Starlink constellation became the largest satellite constellation at any point launched. Also being developed is Starship, a privately subsidized, completely reusable, super heavy-lift launch framework for interplanetary spaceflight. Starship is intended to become SpaceX’s primary orbital vehicle, once operational.
3. Stripe
Stripe is a financial help and software-as-a-administration company that primarily offers payment processing software and application programming interfaces (APIs) for web-based business sites and versatile applications. Established in 2009, Stripe fabricates economic infrastructure for the internet with the goal that businesses of all sizes can utilize software to accept payments and manage their business online. Combining a payment platform with applications that put income data at the heart of business operations, Stripe hopes to give businesses the instruments and technology to fabricate better.
4. Klarna
Swedish fintech company, Klarna, was established in 2005 to make it easier for individuals to shop online. Klarna is the leading global payments and shopping administration, providing smarter and more flexible shopping and purchase experiences to 147 million active consumers across more than 400,000 merchants in 45 nations. The company offers direct payments, pay-after-conveyance options, and installment plans in a one-tick purchase experience that allows consumers to pay when and how they like.
5. Canva
The graphic plan platform, Canva, is on a mission to engage everyone in the world to plan anything and distribute it anywhere. Launched in 2013, the company operates in 190 nations, 100 languages and has created more than seven billion plans with the assistance of north of 2,000 representatives. The graphic plan software assists clients with designing presentations, social media graphics, and more with various layouts, images, photograph channels, icons, shapes, and fonts.
6. Instacart
Established in 2012, Instacart is an American company operating basic food item conveyance and get administration in the US and Canada. Offering its administration via a site and portable app, clients can arrange food from participating retailers, while also having the option to track their conveyance once it’s on the way. The company’s venture technology also drives the e-commerce platforms of a portion of the world’s greatest retail players, supporting their white-label sites, applications, and conveyance solutions.
7. Databricks
AI and data company, Databricks, was established in 2013 and is the world’s sole lakehouse platform in the cloud. Databricks combines the best of data warehouses and data lakes to offer an open, brought-together platform for data and AI. With its AI-enabled technology, Databricks serves more than 5,000 organizations worldwide, including ABN AMRO, Condé Nast, H&M Gathering, Regeneron, and Shell. These companies depend on Databricks to enable massive-scale data engineering, collaborative data science, full-lifecycle machine learning, and business analytics.
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