Of the 47 unicorns minted through the first seven months of the year, only 18 of them joined The Crunchbase Unicorn Board after an early-stage funding round. New York-based investment firm Insight Partners has invested around $4 billion in artificial intelligence companies over the past five years. We talk with partner George Mathew about the firm's next moves. Using Crunchbase data on unicorn rounds, we put together a list of areas where startups raised gobs of cash without yet producing an emergent winner or winners. Only two companies joined The Crunchbase Unicorn Board in July — the lowest monthly count since we started tracking new unicorn pacing by month at the beginning of 2020. The week felt slow news-wise, but it actually did provide a handful of pretty big rounds. As we head into the final slow weeks of summer it’ll be interesting to see where things go from here. Venture funding in HR has been called into the office (so to speak) through the last four quarters, taking in less than $3.3 billion as deal flow also slowed. Crunchbase, Inc. |
Saturday, 19 August 2023
Fewer Early-Round Unicorns, And Insight Partners' AI Investments
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