Early-stage unicorn counts growing

Cybersecurity is on a roll

August 15, 2024 Hi, Agen. While this defintely isn’t the funding market seen in 2021, investors once again seem willing to invest at high valuations, even if the company is still relatively young. At the top of the 2024 early-stage unicorn valuation list? Elon Musk’s generative AI startup xAI. Plus, cyber startups continue to attract investor attention with secure content company Kiteworks’ $456 million raise. 🦄 More startups are hitting unicorn status after early fundings Even as the venture market is still correcting to find the right valuations for many companies, early-funded companies are hitting unicorn status at a much quicker pace than last year. Related Crunchbase Pro list: New Unicorns In 2024 📈 AI startup deal-making is growing — why? AI may be a bright spot in the still tepid M&A environment. However, the reasons may be varied and not entirely positive for the generative AI sector specifically. Related Crunchbase Pro list: Global Venture-Backed Artificial Intelligence M&A 🔒 Data security firm Kiteworks raises $456M One week after Abnormal Security closed a $250 million Series D that valued the startup at $5.1 billion, secure content company Kiteworks raised a $456 million round from Insight Partners and Sixth Street. Related Crunchbase Pro list: Cybersecurity Funding 🎮 New report: A Deep-Dive into the MEG Industry in 2024 Venture funding to the media, entertainment and gaming industry increased 58% in the first half of 2024. Read our joint report with Alignment Growth to discover the trends powering MEG to the next level. Enrich your CRM with Crunchbase Data ✨ Power your tools with our flexible API. Unlock firmographics, financials, insights, and predictions with API packages that scale with you.  WATCH A DEMO Recent Investments Ather Energy 6.0B INR / Venture Round Ather Energy manufactures electric scooters and provides fast electric vehicle charging. Categories: Automotive • Electric Vehicle • Manufacturing • Transportation Founders: Swapnil Jain, Tarun Mehta Investors: NIIF (Lead) Encord $30M / Series B Encord is an AI data development platform for computer vision and multimodal AI teams. Categories: Artificial Intelligence (AI) • Computer Vision • Machine Learning • Software Founders: Eric Landau, Leeho Lim, Ulrik Stig Hansen Investors: Next47 (Lead), Crane Venture Partners, CRV + 1 more Syfe $27M / Series C Syfe is a digital investment platform that offers a range of investment solutions tailored for both novice and experienced investors. Categories: Financial Services • FinTech • Wealth Management Founders: Dhruv Arora Investors: Unbound (Lead), Valar Ventures (Lead) More Fundings Company Amount / Round Lead Investor MD Ally $14M / Series A Frist Cressey Ventures FRVR $13M / Venture Round Iberis Capital Pendo $9.9M / Venture Round - All Recent Funding Activity Recent Acquisitions Kellanova Pending acquisition by Mars for $36B More Acquisitions Company Acquired By Amount Baxter International - kidney Care Business The Carlyle Group $3.8B All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.