The 38 most valuable enterprise startups of 2016
While there was still plenty of money available, investors weren't as generous with their terms as they were during their check-writing frenzy of 2014-2015. They wanted to nab a bigger piece of equity for the money they put in.
So, if the previous period was all about "unicorns" - startups that raised so much money at such great terms that their investors valued them at over $1 billion - 2016 was the year of the "down round." That's when cash-burning startups had to sell shares for a lower price than they previously commanded.
Given this backdrop, we thought it would be interesting to look at the
We asked PitchBook, a company that offers a database of venture and private equity funding, to sift through its vast collection of financial records to come up with this list of the highest-valued enterprise startups of 2016, based exclusively on startups that completed financing rounds in 2016.
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Yieldbot: $95.79 million for online ads
Skycatch: $96 million for photo drones
Invoca: $100 million for customer service analysis
Periscope Data: $100 million for fast big data
Engagio: $100 million to ease the sales pipeline
Paxata: $108.82 million for easier big data projects
Princeton Identity: $117.65 million for extreme security
SmartRecruiters: $118.1 million for improved recruiting
Virool: $127.3 million for video ads
Leanplum: $127.36 million for optimization testing
PlaceIQ: $133.64 million for mobile ads
Desktop Metal: $134 million for 3D printing with metal
Euclid Analytics: $140.84 million for retail sensors
Progyny: $142.22 million for fertility treatment option
Ensighten: $158.19 million for optimal marketing campaigns
Curalate: $168.1 million for recognizing images
SessionM: $168.24 million for mobile loyalty programs
Drawbridge: $175 million for targeting mobile ads
Nanotronics Imaging: $176.61 million for powerful microscopes
Datorama: $178.35 million for sharing marketing data
Justworks: $183.01 million for cloud HR software
Clarabridge: $208.65 million for better customer support
Enlighted: $214.14 million for smart commercial lighting
Namely: $250.64 million for online HR software
Taulia: $272.98 million for corporate procurement
Checkr: $275 million for background checks
Tapjoy: $277.54 million for mobile app ads
Phononic: $284 million for sophisticated cooling systems
Spredfast: $331.68 million for social media management
Jana: $388.2 million for advertising sponsored internet access
DataXu: $390.04 million for ad buying
Hired: $490 million for recruiting tech employees
Asana: $600 million for project management for teams
Carbon: $1.08 billion for sophisticated, fast 3D printing
Gusto: $1.09 billion for HR apps for small business
Apttus: $1.59 billion for quote-to-cash
AppNexus: $1.6 billion for internet ads
Sprinklr: $1.8 billion for social media management
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