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Palo Alto Unicorns

The 12 Most Well-Known Unicorn Startups from Palo Alto

12 companies from Palo Alto have become unicorns. We have compiled all of them in this blog article.

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Once a company crosses the USD 1 billion mark, it becomes part of a rare and exclusive club: The Unicorn Club.

This next list contains 12 companies in Palo Alto that have achieved a valuation of more than $1 billion dollars; or in other words, have reached a so-called “Unicorn” status.

The 12 Unicorn Startups from Palo Alto

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Armis Security

Armis Security

Armis Security’s IoT security solution provides enterprises with a real-time view of the status of any device or network and empowers them to take action, fix problems, control access, and prevent attacks.

Details of the startup:

  • Valuation:

    $2

    B (

    February 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Nadir Izrael, Tomer Schwartz, Yevgeny Dibrov

  • Industries:

    Cyber Security, Information Technology, Internet of Things, Network Security

  • Number of employees:

    250-500

  • Funding Amount:

    $237,000,000

  • Number of funding rounds:

    5

  • Number of investors:

    15

here

Flipboard

Flipboard

Flipboard combines the functionality of a social news platform with a tablet app to create a magazine-like experience.

Details of the startup:

  • Valuation:

    $1.32

    B (

    July 2015

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2010

  • Founders:

    Evan Doll, Mike McCue

  • Industries:

    Apps, iOS, Media and Entertainment, Mobile, News, Social

  • Number of employees:

    100-250

  • Funding Amount:

    $210,500,000

  • Number of funding rounds:

    5

  • Number of investors:

    19

here

Globality

Globality

Globality revolutionizes how businesses buy and sell services by matching the best provider at the right price for every project, ensuring quality, service, and transparency.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2019

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Joel Hyatt, Lior Delgo, Ran Harpaz

  • Industries:

    Artificial Intelligence, Enterprise Applications, SaaS

  • Number of employees:

    250-500

  • Funding Amount:

    $310,550,000

  • Number of funding rounds:

    5

  • Number of investors:

    23

here

HeadSpin

HeadSpin

HeadSpin is an intelligent digital experience platform that provides precise data and insights to deliver the best user experience.

Details of the startup:

  • Valuation:

    $1.16

    B (

    February 2020

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Brien Colwell, Manish Lachwani, Rajeev Butani

  • Industries:

    Analytics, Application Performance Management, Artificial Intelligence, Information Technology, Machine Learning, Mobile

  • Number of employees:

    100-250

  • Funding Amount:

    $80,000,000

  • Number of funding rounds:

    4

  • Number of investors:

    37

here

Hippo Insurance

Hippo Insurance

Hippo Insurance provides homeowners with a comprehensive range of services to help them ensure the safety and security of their properties.

Details of the startup:

  • Valuation:

    $1.50

    B (

    July 2019

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Assaf Wand, Eyal Navon

  • Industries:

    Financial Services, FinTech, InsurTech, Property Insurance

  • Number of employees:

    250-500

  • Funding Amount:

    $709,000,000

  • Number of funding rounds:

    8

  • Number of investors:

    33

here

Houzz

Houzz

Houzz is the largest and fastest growing online platform in the world dedicated to home remodeling, architecture, interior design, decorating, landscaping, and home improvement.

Details of the startup:

  • Valuation:

    $4.00

    B (

    September 2014

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2009

  • Founders:

    Adi Tatarko, Alon Cohen

  • Industries:

    Architecture, Home Improvement, Home Renovation, Interior Design, Smart Home

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $613,600,000

  • Number of funding rounds:

    8

  • Number of investors:

    22

here

Next Insurance

Next Insurance

Next Insurance is a digital insurance provider for small businesses and startups.

Details of the startup:

  • Valuation:

    $4.00

    B (

    October 2019

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Alon Huri, Guy Goldstein, Nissim Tapiro

  • Industries:

    Commercial Insurance, Finance, Insurance, InsurTech, Small and Medium Businesses

  • Number of employees:

    250-500

  • Funding Amount:

    $881,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    16

here

Plume Design

Plume Design

Plume is a cloud-based platform for your connected home. Use it to set up and control smart, secure devices to optimize your home’s comfort and energy efficiency.

Details of the startup:

  • Valuation:

    $1.35

    B (

    February 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Adam Hotchkiss, Aman Singla, Fahri Diner, Sri Nathan

  • Industries:

    Network Hardware, SaaS, Smart Home, Wireless

  • Number of employees:

    250-500

  • Funding Amount:

    $447,357,341

  • Number of funding rounds:

    6

  • Number of investors:

    16

here

Rubrik

Rubrik

The Rubrik platform unifies backup, recovery, and archive to enable an agile approach to data management

Details of the startup:

  • Valuation:

    $3.30

    B (

    April 2017

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2014

  • Founders:

    Arvind Jain, Arvind Nithrakashyap, Bipul Sinha, Soham Mazumdar

  • Industries:

    Cloud Computing, Cloud Data Services, Cloud Management, Data Center Automation, Information Technology, Security, Software

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $553,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

SambaNova Systems

SambaNova Systems

SambaNova Systems is building the next-generation computing platform, bringing the efficiency and capability of cloud computing to unstructured data.

Details of the startup:

  • Valuation:

    $5.00

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2017

  • Founders:

    Christopher Ré, Kunle Olukotun, Rodrigo Liang

  • Industries:

    Analytics, Artificial Intelligence, Computer, Machine Learning, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $1,141,254,686

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Symphony Communication Services

Symphony Communication Services

Symphony is a cloud-based collaboration platform that brings your team together so everyone can seamlessly connect, communicate, share and work from anywhere. It’s secure. It’s compliant. And it’s easy to you use.

Details of the startup:

  • Valuation:

    $1.40

    B (

    May 2017

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2014

  • Founders:

    David Gurle

  • Industries:

    Information Services, Information Technology, Messaging, Software, Unified Communications

  • Number of employees:

    250-500

  • Funding Amount:

    $461,000,000

  • Number of funding rounds:

    6

  • Number of investors:

    32

here

TripActions

TripActions

TripActions is a travel management platform that helps streamline the business travel and expense process for companies.

Details of the startup:

  • Valuation:

    $5.00

    B (

    November 2018

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2015

  • Founders:

    Ariel Cohen, Ilan Twig

  • Industries:

    Business Travel, Customer Service, Payments, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $1,261,500,000

  • Number of funding rounds:

    12

  • Number of investors:

    21

here
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