October 2, 2024

Miss the mark

Hi there,

1/3 of all unicorns have a valuation right at the $1B mark (or close).

85% of these are fake unicorns...

...who will never realize that valuation.

These are companies that chased the $1 billion valuation mark cuz it was:

A status symbol
Viewed as a way to recruit great talent
Easy to get

But the fundamentals of these businesses never made them worth $1B.

Lots of distressed and 🔥 sales about to come to market.

Financial sponsors must be lickin' their lips for the bargains to be had.

See the full list of unicorns here if you want to identify who is in the 85%.

Ambitionz az a advizah

AI is reshaping financial advisory, particularly amid the genAI boom.

For example, large wealth managers are beginning to adopt genAI copilots to improve client service, reduce advisors' time spent on administrative work, and more.

Some of these tools are actually fine-tuned for wealth management, such as Morgan Stanley-backed CogniCor, which counts LPL Financial and Ameriprise Financial among its customers.

Its leadership team's combination of academic and industry experience has proved a differentiator, as one buyer who spoke with CB Insights described:

Dive deeper into wealth management's AI-driven transformation in this report.

Work it

Wealth management isn't the only area watching AI transform worker productivity.

Autonomous AI agents are swooping into factories, optimizing processes and equipment without needing consistent human intervention.

These tools are being developed by both startups and incumbents, like Composabl and Palantir, respectively.

And they're already driving results — take Palantir's artificial intelligence platform (AIP) as an example:

Learn more about AI agents and other elements of our future factories in this report.

You can also explore the future of the factory with our analysts on October 15 — register here.

Ready to run

Which utility companies are most prepared for the AI shift?

To find out, we mined our data on patents, acquisitions, deal-making activity, business relationships, product launches, earnings transcripts, and more.

The result? A list of the top 25 utility companies by AI readiness.

Check out a preview below — CBI customers can unlock the full list here.

Market of the week

CB Insights tracks 1,400+ technology markets.

Today, we're highlighting data governance & privacy, which comprises companies helping organizations manage and protect their data in order to meet regulatory requirements.

Driven in part by the rising frequency and severity of cyberattacks, companies in this market have raised nearly $3.4B in equity funding since 2020.

And leading providers in the space include BigID, Talend, and OneTrust.

Who else competes in the space? CBI customers can find out in the full market report.

I love you.

Anand

@asanwal

Co-Founder & Exec Chair

P.S. We're preparing for this year's Digital Health 50 report, which will feature the 50 most promising digital health startups in the world. Know a company that belongs on the list? Shoot your shot right here.