Late Stage Mature Pre IPO Unicorns -

BigPanda Transforms Into A Unicorn After $190M Raise

By Chris Metinko, San Francisco-based BigPanda, which helps IT departments keep their digital services running, hit a valuation of $1.2 billion after a $190 million raise that mints the company as one of the first unicorns of 2022. The new round was led by Advent International and Insight Partners, with participation by other existing investors. Founded in 2012, the[…]

64x Bio Raises $55M To Advance Gene Therapy Platform

By Janice Bitters Turi,   San Francisco-based gene therapy biotech company 64x Bio has raised $55 million to advance its gene therapy manufacturing platform, which company officials and investors say could “revolutionize the economics and accessibility of gene therapy.” The raise comes as many investors say gene therapy is poised to make waves in the biotech industry. The[…]

1Password Unlocks $620M Round, Reaches $6.8B Valuation

By Chris Metinko, Toronto-based 1Password closed a $620 million Series C that brings the cybersecurity firm’s valuation to $6.8 billion. The new round was led by ICONIQ Growth, with participation from others including Tiger Global, Lightspeed Venture Partners and Backbone Angels. Accel—which led the company’s Series A and B—also took part in the round, as well as a handful of celebrity investors such[…]

Edtech Investor Owl Ventures Announces $1B In New Funds

By Janice Bitters Turi, Owl Ventures has closed more than $1 billion in new funds, the Menlo Park, California-based edtech investor announced Wednesday. Leaders at Owl Ventures, the largest VC firm globally focused exclusively on edtech, say little is off-limits when it comes to the types of companies and technology they intend to invest in, from[…]

Everything You Need To Know About The Yuanxin Technology IPO

By Zeyi Yang, Yuanxin Technology doesn’t hide its ambition. In the first line of its prospectus, the company says its mission is to be the “first choice for patients’ healthcare and medication needs in China.” But the road to winning the crowded China health tech race is a long one for this Tencent- and Sequoia-backed startup,[…]

Everything You Need To Know About The Credo IPO

By Max A. Cherney,  Initial public offerings from semiconductor companies are so rare that when networking chip designer Credo Technology filed its prospectus with the Securities and Exchange Commission, it’s worth taking note. The San Jose-based chip company elected to file its S-1 the first business day of 2022, Jan. 3. It has yet to announce a[…]

Will there be China tech IPOs to watch in 2022?

By Zeyi Yang, As 2022 begins, the biggest question for China IPO watchers is: Will there still be any significant IPOs this year worth anticipating? For them, 2021 was divided into two halves: The first six months were filled with ambitious Chinese companies listing overseas, culminating in ride-hailing giant DiDi’s IPO on June 30, but it[…]

WeWork is finally going public, two years after its IPO disaster

By Lizzy Lawrence, WeWork’s merger with a Silicon Valley SPAC went through on Tuesday, closing the loop on a chaotic two-year journey to become a publicly-traded company. Investors in BowX, the special acquisition company helping WeWork go public, voted to officially merge with WeWork on Tuesday. The company’s shares will start trading Thursday, according to[…]

Meet the startup behind UiPath, Confluent, Zoom and Okta’s IPOs

By Joe Williams and Tom Krazit, Welcome to Protocol | Enterprise, your comprehensive roundup of everything you need to know about cloud and enterprise software. This Monday: Clari’s revenue clairvoyance, Intel crumbles, and Russian hackers are on a tear.   The secret sauce A who’s-who list of enterprise tech success stories, including UiPath, Confluent, Zoom, Okta, Couchbase, Medallia[…]

Everything You Need To Know About The SenseTime IPO

By Zeyi Yang, SenseTime, a company that represents China’s ambitions to pull ahead of the United States in the global artificial intelligence race, filed to go public in Hong Kong last Friday. Valued at $12 billion according to the Financial Times, SenseTime wants to prove to investors that it can turn cutting-edge AI research capacity into[…]