1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway 2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

Two Indian-American start-ups likely to be next unicorns: Report

Spread the love

Forbes magazine’s annual list of 25 venture-backed firms most likely to become unicorns includes two Indian-American-led businesses, the media reported.

The list includes Alchemy, co-founded by Nikil Viswanathan and Joseph Lau. It also featured Legion Technologies, founded by Sanish Mondkar.

Claim Free Bets

Alchemy makes it easier to read and write information onto blockchains, such as Ethereum and Flow, reports Forbes Africa.
The service starts free for smaller developers, but larger customers pay a monthly fee.

The San Francisco-based firm is on pace to increase revenue tenfold this year, to an estimated $20 million, as it helps clients like PwC, Unicef and OpenSeat conduct more than $30 billion in volume annually.

Viswanathan and Lau previously co-founded Down to Lunch, a popular social hangout iPhone app.

Meanwhile, California-based Legion uses Artificial Intelligence and Machine Learning to help its customers forecast demand and optimise their labour costs, while taking into account employees’ preferences for when and how they work.

As per the report, Mondkar, former chief product officer at SAP, left his job in 2015, he travelled around the country with his two dogs, talking with people outside of Silicon Valley.

The result is that in 2016, he founded the workforce management software company that helps employers like Dollar General, SoulCycle and Philz Coffee (its first customer) oversee their hourly workers.

With increased attention on workforce issues during the pandemic, Legion revenues are expected to more than double this year, to $11 million.

    THE FREE MEDIA

    THE FREE MEDIA

    All Posts

    Related Post

    View All

    110 countries recognise India’s Covishield, Co...

    November 19th, 2021 | THE FREE MEDIA

    Spread the loveराज्याची उपराजधानी असलेल्या नागपूर येथील कोराडी आणि खापरखेडा थर्मल पॉवरमुळे पर्यावरणाचं नुकसान होत आहे. या ...

    Legendary singer KK passes away

    June 1st, 2022 | DRISHTI SHARMA

    Spread the loveNagpur: A few hours after legendary singer Krishnakumar Kunnath’s death, West Bengal chief minister Mamata ...

    Delhi man tests positive for monkeypox

    July 25th, 2022 | THE FREE MEDIA

    Spread the loveA 34-year-old man from the national capital with no history of foreign travel has tested positive for monke...