Connect with us

Tech News

5 unicorns that will probably go public in 2019 (besides Uber and Lyft) – TechCrunch

Published

on

There’s been plenty of fanfare surrounding Uber and Lyft’s initial public offerings — slated for early 2019 — since the two companies filed confidential IPO paperwork with the U.S. Securities and Exchange Commission in early December. On top of that, public and private investors have had plenty to say about Slack and Pinterest’s rumored 2019 IPOs but those aren’t the only “unicorn” exits we should expect to witness in the year ahead.

Using its proprietary company rating algorithm, data provider CB Insights ranked five billion dollar companies most likely to perform IPOs next year in its latest tech IPO report. The algorithm analyzes non-traditional public signals, including hiring activity, web traffic and mobile app data to make its predictions. These are the startups that topped their list.

 

Peloton

Peloton Co-Founder and CEO John Foley speaks onstage during TechCrunch Disrupt SF 2018 on September 6, 2018 in San Francisco, California. (Photo by Kimberly White/Getty Images for TechCrunch).

Peloton, dubbed the “Netflix of fitness,” has raised nearly $1 billion in venture capital funding in the six years since it was founded by John Foley, most recently raising $550 million at a $4 billion valuation. The manufacturer of tech-enabled exercise equipment is more than doubling in size every year and is “weirdly profitable,” an unusual characteristic for a venture-backed business of its age. Headquartered in New York, Peloton doesn’t have any public IPO plans, though Foley recently told The Wall Street Journal that 2019 “makes a lot of sense” for its stock market debut.

Select investors: L Catterton, True Ventures, Tiger Global

Cloudflare

Cloudflare co-founder and CEO Matthew Prince appears on stage at the 2014 TechCrunch Disrupt Europe/London. (Photo by Anthony Harvey/Getty Images for TechCrunch)

Cybersecurity unicorn Cloudflare is likely to transition to the public markets in the first half of 2019 in what is poised to be a strong year for IPOs in the security industry. The web performance and security platform is said to be preparing for an IPO at a potential valuation of more than $3.5 billion after last raising capital in 2015 at a $1.8 billion valuation. Since it was founded in 2009, the San Francisco-based company has raised just north of $250 million in VC funding. CrowdStrike, another security unicorn, is also on track to go public next year and it wouldn’t be surprising to see Illumio and Lookout make the jump to the public markets as well.

Select investors: Pelion Venture Partners, NEA, Venrock

Zoom

San Jose-based Zoom Video Communications has reportedly tapped Morgan Stanley to lead its upcoming IPO.

Zoom, a provider of video conferencing services, online meeting and group messaging tools that’s raised $160 million in VC cash to date, is eyeing a multi-billion IPO in 2019 and has reportedly hired Morgan Stanley to lead the offering. Founded in 2011, the company most recently brought in a $100 million Series D financing, entirely funded by Sequoia, at a $1 billion valuation in early 2017. Based in San Jose, Zoom is hoping to garner a valuation significantly larger than $1 billion when it IPOs, according to Reuters.

Select investors: Sequoia, Emergence Capital Partners, Horizons Ventures

Rubrik

Data management company Rubrik co-founder and CEO Bipul Sinha.

Data management company Rubrik has quietly made moves indicative of an impending IPO. The startup, which provides data backup and recovery services for businesses across cloud and on-premises environments, hired former Atlassian chief financial officer Murray Demo as its CFO earlier this year, as well as its first chief legal officer, Peter McGoff. Palo Alto-based Rubrik was valued at over of $1 billion with a $180 million funding round in 2017. The company has raised nearly $300 million to date.

Select investors: Lightspeed Venture Partners, Greylock, Khosla Ventures

Medallia

Medallia, a customer experience management platform that’s nearly two decades old, may finally become a public company in 2019. The San Mateo-based company, which has been rumored to be planning an IPO for several years, hired a new CEO this year and reported $250 million in GAAP revenue for the year ending Jan. 31, 2018, according to Forbes. Medallia hasn’t raised capital since 2015, when it secured a $150 million funding deal at a $1.2 billion valuation. It has raised a total of just over $250 million.

Select investor: Sequoia

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tech News

This holiday, check your old phone for a fat battery

Published

on

I found something in a junk drawer this week that was at first exciting, then alarming. In the drawer was an old smartphone that I’d not powered on for several years, at least. Cool, I’ll just start it up and time travel back to the point at which I last turned it off, right? But wait a moment here… this phone is significantly thicker than it was when I last saw it. This is not good.

Why did this phone get thick?

The thickness came from a chemical failure of the device’s lithium ion battery. I’d never opened this device before – I never had a reason. The only reason a person might open up a device like this would be to fix a component inside, or replace a component inside.

We’ve seen this sort of thing happen in a bunch of phones over the past decade, from all sorts of manufacturers. Most of the time we see this sort of thing happen, it’s because new phone users are working with off-brand plugs and such.

With a phone that’s been left in a drawer for several years, there’s a chance the chemical-based setup within will… fail. If you see this sort of thing happen, you have a few options and at least one NON-OPTION.

What to avoid

One NON-OPTION is charging the device. Do not charge the device. Do not plug your phone in to any sort of wire, nor set your device on any sort of wireless charger. You absolutely do NOT want to agitate the battery package if at all possible.

Can I fix a swollen battery? No, you can not fix a swollen battery. The deed is done. The only thing left to do is isolate the battery and/or the phone with the battery inside before you contact a professional.

Do NOT put your phone in the fridge or make any attempt to “cool it down.” The expansion is not temperature-dependent. The expansion cannot simply be reversed.

Do not do ANYTHING that may result in you piercing the battery’s protective layer. If you do that, the battery may explode and start a fire. See our feature Where to put your old phone batteries to see some explosions, courtesy of batteries that’ve been disposed of incorrectly.

What needs doing

It is not easy to open most smartphones not meant to be opened – especially one like this, held together with glue AND clips, with no easily accessible screws. The manufacturer of this phone, Samsung, did not build this phone with the intent that it be easily opened or its hardware replaced (or even removed) by the average user.

As such, you’ll more than likely want to seek the assistance of a professional. Gadget repair specialists are used to seeing this sort of thing – it happens far more often than you’d think. They’ll know how to safely remove the battery and potentially replace the battery IF that is possible.

There’s a real possibility that your phone will need to be brought to your city’s official landfill. You may want to call ahead, as your city’s waste management specialists will want to take special care of the battery and the phone to avoid an explosion and/or fire.

What if today is a holiday?

If you find an expanded battery in a smartphone and it is a holiday, chances are your local battery-handling professional won’t be available to dispose of your fire hazard of a phone. The LEAST you can do is place the battery (or the phone with the battery inside) in a safe place. Isolate the phone and/or the battery – away from paper, away from anything flammable.

Get the device outside as quick as possible if you can. Put the device in a fireproof container, like a metal bucket with a layer of sand inside. Above all else – get this thing isolated so WHEN it starts on fire, it’ll cause minimal damage.

This advice was as good a decade ago as it is today. New smartphones, tablets, laptops, wearables, etcetera, still use lithium ion batteries, and lithium ion batteries still fail.

Take caution, and don’t take a risk. This one’s full of fire.

Continue Reading

Tech News

Nokia 9.3 PureView might be a no-show this year

Published

on

HMD Global has flooded the market with affordable Android phones but its track record on higher tiers has been less impressive. To date, only the Nokia 8 Sirocco and Nokia 9 PureView can be considered top-tier, at least based on the premium Snapdragon chips they’re carrying. The latter’s successor would have not been on par, at least based on the earliest information we had, but it would have given the PureView brand yet another stab at the market. Unfortunately, that won’t be happening any time soon, as the Nokia 9.3 PureView has reportedly been delayed to 2021.

The Nokia 9 PureView was quite the oddity, though it wasn’t surprising considering HMD Global partnered with mobile camera company Light. It utilized five co-equal cameras to independently take shots of the same scene and stitch them together into a single hi-res image. It mostly delivered on that promise but left plenty of room for a version 2.

By late 2019, Qualcomm seemed to be quite excited for a Nokia 9 PureView successor that would showcase its Snapdragon 765’s capabilities despite not being an 8-series processor. It might have disappointed some who were hoping for a true Nokia premium flagship. For better or worse that successor never came, which ironically leaves the door open for a better device.

Twitter user @Nokia_anew now claims that the Nokia 9.3 PureView has been pushed back to 2021. When that will be is still unknown but it might be sometime in the first half of the year. That potentially means HMD could switch to using a Snapdragon 875 but, considering its preferences for mid-range to entry-level chips, we won’t be too optimistic about the chances.

Even more concerning, however, is the absence of a Nokia PureView in 2020, which could call into question HMD Global’s ability to even make one now that Light is out of the mobile market. The company still has to come out with a new high-end phone but, then again, Nokia was better known for flooding the market with innumerable phones anyway.

Continue Reading

Tech News

Samsung NEON artificial humans could be on Galaxy phones soon

Published

on

AI and machine learning have become the buzzwords of today’s tech world and news but, save for a few exceptions, people envision them as disembodied voices like Siri or even impersonal bits and bytes that silent work miracle behind computer screens. At CES 2020 earlier this year, Samsung and its subsidiary Star Labs showed off AI that was both relatable but also eerily too human. As if it wasn’t enough to have them standing at arms’ length on wall-mounted displays, it seems that Samsung is toying with the idea of bringing NEON to phones soon.

The idea behind NEON is just as bewildering as it sounds. These artificial humans aren’t Siri, Cortana, or Alexa made digital flesh. They are, instead, mean to be virtual equivalents of persons, using AI to express emotions and reactions in a human-like way. Rather than being virtual assistants, they are more like virtual friends.

The COVID-19 pandemic that exploded just a few weeks later may have thrown a wrench in Samsung’s plans to demonstrate the kind of product it wants NEON to be. While the idea of a virtual companion might be attractive to some, having those confined to a life-sized screen on a single wall in your house breaks the illusion it tries to offer. For better or worse, it seems that Samsung wants you to take your NEON with you in the future.

Star Labs president and CEO Pranav Mistry, whose list of achievements include the Samsung Galaxy Gear and Samsung Project Beyond 3D capture system, revealed on Twitter that NEON was already running on his phone. Given his employer, we can only presume it’s some high-end Samsung Galaxy phone. He also shares that the public will be able to see this combination next month.

That still doesn’t exactly clarify what NEON is for, aside from being a showcase of Samsung’s AI chops. Granted, it might have more practical value on a mobile device than on a wall but it will probably be only a matter of time before uncanny valley makes humans uncomfortable with their digital counterparts.

Continue Reading

Trending