The Unicorn Bar Today: Better than PagerDuty, JFrog, RingCentral, and More
SaaStr
JUNE 24, 2023
So the markets are still down and multiples are still low, but growth rates in SaaS and Cloud are slowly creeping back. AI has driven a number of rapid unicorns, and at SaaStr Europa 2023, Iconiq Growth noted that while they did 0 brand new growth investments in 2022, they’d already done 5 in the first half of 2023. So unicorns remain rare but we may have bounced off the lows.
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