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The Black Unicorn Report for 2019
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"The Black Unicorn Report for 2019"

Predictions of Cybersecurity companies with current and future potential to reach a $1B valuation

In the venture capital industry, a unicorn refers to any tech startup company that reaches a $1 billion-dollar market value as determined by private or public investment.  

The term was originally coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures. Last year, CB Insights reported that the odds of becoming a unicorn — a company valued at $1 billion or more — was less than 1% for companies that had raised venture capital. In 2018, there were 47 tech companies in the US to reach this unicorn status, according to data provided by PitchBook.

In the cybersecurity industry, in 2019, Gary S. Miliefsky coined the term black unicorn as a cybersecurity company that has the potential to reach a $1 billion market value as determined by private or public investment.

The black unicorn awards are designed to help showcase companies with this kind of potential. Ultimately, the judging in our awards is tough and it’s still up to those notable mentions, finalists and the winners to execute a flawless business model to reach this potential. It takes innovation, dedication, passion – the right team and the right cyber security solution, harmoniously executed to become a unicorn.

Early this year, we’ve already tracked 8 Black Unicorns based on publicly disclosed valuations – they are Cloudflare, CrowdStrike, Tanium, Illumio, Lookout, Netskope, 4Paradigm and Tongdun.  Our mission is to uncover future Black Unicorns and based upon the hard work of our judges and the entrants in our awards program, we think we’ve found them. 

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