The world has changed since Bytedance first existed ten years ago. Five years ago, it became TikTok. Today, it is the world''s largest unicorn with a market valuation of $360 billion.
Aileen Lee, a venture capitalist, coined the term unicorn startup in 2013, where there were only 39 private companies around the world that had a certain magical quality and were valued at more than $1 billion by February 2022. Approximately nine years later, the number reached 1,000. Since then, 68 more companies have been added to the list, and collectively they are valued at over $3.5 trillion.
The United States has the highest number of unicorns (488 and counting) and it takes on average seven years for a company to reach a $1 billion valuation. Unless, of course, youre the Chicago-based AI firm Avant, which was the most successful unicorn in history. It took just one month and 16 days for the company to become a unicorn. The meteoric rise of the unicorn certainly feels unprecedented.
The soonicorn, which is expected to reach $1 billion in the next 24 months, is following closely on the heels of the unicorn. While the United States should continue to be the primary breeding ground for new unicorns (there are 1,619 on the horizon), Europe, India, and China are catching up. According to a recent report, there are currently 253 soonicorns in Europe alone.
The global number has risen in part due to a rise in startups as well as investors, with an enormous amount of investment money seeking for a house expected $621 billion in 2021. That is more than double the amount raised in 2020. It appears that the economic restructuring of Covid-19 has certainly accelerated the boom.
There is no doubt that the world of soonicorns and unicorns is an interesting one. Here are three companies with open roles that might be exactly what youre looking for. Visit our Job Board to see more open roles.
The last couple of years have been significant for businesses offering Buy Now, Pay Later (BNPL) services, with valuations going through the roof, and estimates representing around $100 billion in transactions every year. Now, its the turn of Berlin-based soonicorn, Billie, which is on the verge of becoming the B2B market. The Fintech allows businesses to pay and pay on their own terms simply and easily through modern checkout methods.
In October 2021, it raised $100 million in a Series C fundraising round led by Dawn Capital, which nearly quadrupled its valuation to $640 million. The group also included a very diverse network of financial and strategic investors. Along with Dawn Capital, internet giant Tencent and Klarna also participated; with previous sponsors Creandum, Speedinvest, Picus, and GFC.
It''s a minicorn, one of the world-class startups that has the opportunity to become involved in the right place at the right time with the right technology. QuEra Computing, founded in 2019 by research scientists from the Massachusetts Institute of Technology and Harvard University, is a multibillion-dollar corporation based on the challenges of designing, building, and developing a quantum computing service.
QuEra claims to have received $11 million in research from the Defense Advanced Research Projects Agency in November 2021. While it might be a far off unicorn and even soonicorn status, all of these initiatives are promising.
QuEra Computing is looking for a talented DevOps Engineer to be a key part of its effort to develop the first publicly-accessible neutral-atom quantum computer. If you''re bored with poor cookie-cutter approaches, you''ll thrive in this situation.
Check out our Job Board for further roles at QuEra Computing.
Exscientia, which has recently been recognized as a unicorn, is at the forefront of a new type of research that will transform the way medications are developed. It all began when Andrew Hopkins, a Welsh scientist, dreamed up his artificial intelligence (AI) biotech business while walking home from the laboratory. In 2012, Hopkins began developing a data mining and machine learning into the pharmaceutical business.
Currently this innovative pharmaceuticaltech company uses AI to the development of new and better therapies for patients. Its value is amazing, reaching 322% in less than a year, from $234 million in May 2020 to $987 million in April 2021. It is now worth more than $2.9 billion.
The company''s AI-enabled drug discovery is driven by individuals; highly talented multi-disciplinary teams working collaboratively. Currently, there is a role for a senior Full-Stack Developer in the Discovery Informatics division, where youll be exposed to the whole SDLC, working on highly innovative products. This role may be based in Exscientias offices in Boston or Miami, in Dundee or Oxford in the United Kingdom, or remotely.
Check out our Job Board for additional roles at Exscientia.
Visit our Job Board to discover open positions at such companies as Indeed, Inpixion, Hubspot, and Shopify.