Hi, Agen. Ten new unicorns hailing from sectors including AI, fintech, spacetech and robotics joined The Crunchbase Unicorn Board in February. Altogether, they added $18 billion to the board’s total value. But in a sign that the valuations for many of the companies on the board are in flux, one former unicorn fell off the board completely. Plus, startups are still buying fewer startups. The artificial intelligence theme was evident again among new additions to our Unicorn Board last month: Two of the new companies on the board are in the AI sector, and many of the other newcomers have the technology woven into their products. See also: The Crunchbase Unicorn Board In all of 2023, just over 650 funded startups globally were acquired by other funded startups — the lowest total in three years — and 2024 is off to a similarly slow start, Crunchbase data shows. Related Crunchbase Pro list: Startups Buying Startups, Global February may be the year’s shortest month, but that didn’t mean Andreessen Horowitz didn’t have time for a big month. The investing giant — which was also the most active venture investor globally last year and in the U.S. in January — again led the way as the busiest U.S. startup investor of the month. Startups in the sector nabbed three of the top five spots last week, another big week for really big raises — with two of $200 million or more. Other startups that raised big included companies in the asset management, AI, cybersecurity and manufacturing spaces. See also: The Crunchbase Megadeals Board By honing in on specific customer segments and delivering messages that resonate on a personal level — “We do X for people just like you” — companies can significantly enhance customer experiences, foster loyalty and strengthen connections, writes guest author Tracy Young. |
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