Virtual and augmented reality company Magic Leap has taken the lid off the project that is has been working on for the last seven years, and has debuted the Magic Leap One Lightwear goggles and required wearable computer, with the set to ship at some point in 2018.
AppleInsider – Frontpage News
2017 is the third-busiest year for companies reaching $ 1 billion valuation.
The unicorn club gets new members by the week. This year alone, 57 startups around the world attained unicorn status with a valuation of $ 1 billion or more, according to data from venture capital tracker PitchBook.
Seven companies that were once considered unicorns have seen their valuation dip below $ 1 billion so far this year, either through down rounds or down exits. Last year there were only three down rounds or exits. The Honest Company and Prosper both saw their valuation shrink below $ 1 billion in subsequent funding rounds, according to PitchBook. Down exits this year included Souq.com, which was acquired by Amazon for $ 650 million, and Shazam, which Apple purchased for $ 400 billion.
Overall 2017 wasn’t the biggest year for unicorns — that award goes to 2015, which boasted 81 new unicorns — but it certainly has been busy.
Social platform Reddit, bitcoin marketplace Coinbase and ride-hail company Careem are among the notable entrants this year. Synthetic biology company Ginkgo Bioworks is the latest inductee into the group, thanks to a $ 275 million funding round last week.
Altogether there are now a total of 227 active unicorns, according to PitchBook.
Here’s a look at the companies that have attained unicorn status this year, by their valuation and how much venture capital they’ve raised. Revenue data is available from the few private companies that made that information public. Click on a company to see its industry category.
A few notable stats from this year’s unicorns:
- Content recommendation platform Toutiao had the highest valuation, VC raised and revenue of all the unicorns this year.
- Four startups — Outcome Health, SenseTime, VIPKid and Mobike — had at least one female founder.
- About half of this year’s startups focus primarily on information technology and software.
The PitchBook data included goes through Dec. 14.
The FAA has granted DOE's request to make seven of its facilities no-drone zones — and they're all nuclear research laboratories. Starting on December 29th, you can no longer fly your UAVs within 400 feet of Hanford Site in Franklin County Washingto…
Engadget RSS Feed
Volkswagen official Oliver Schmidt has been sentenced to seven years in prison and handed down a $ 400,000 fine. In August, the former Volkswagen manager in Michigan pleaded guilty for his role in the automaker's emission-cheating scheme. If you'll re…
Engadget RSS Feed