A frenzy of IPOs

Startups hit the public market [AngelList Logo]( [View Online]( [Startups hit the public market]( [Alternate text]( On Monday, 6 technology startups filed for IPO. Asana, Snowflake, Unity, Palantir, JFrog, and Sumo Logic all submitted their S-1s, marking one of the busiest days in history for SEC filings. With the stock market recovered from its COVID-induced drop in April, tech companies are looking to cash in. [Asana]( a work management platform that competes with Jira, reported 86% YoY revenue growth with over 1.2M paying users. Founded by Facebook co-founder Dustin Moskovitz in 2008, Asana made $143M in revenue this past fiscal year. [Unity]( a 3D video game development platform founded in 2004, made $350M in revenue in the first half of 2020. Over 50% of mobile, PC, and console games use Unity in some form, including Mario Kart: Tour and Pokemon GO. [Snowflake Computing]( a data warehousing startup founded in 2012, has been growing like gangbusters, tripling its revenue to $242M in the first half of 2020. [Palantir]( a startup founded by Peter Thiel that sells data products to governments, also filed to go public. The company booked $742M in revenue across only 125 customers, with more than $200M of that revenue coming from its top 3 customers. Despite that, the company booked a $580M loss last year. If there’s a lesson to be taken from this wave of IPOs, it’s this: be patient. The aforementioned startups were founded in 2008, 2004, 2012, and 2003. [View Story]( Hot startups hiring now 🔥 [Applied Intuition]( - Safely develop, test, and deploy autonomous vehicles at scale. [Explore 51 jobs](. [FOSSA]( - Effortlessly comply with open source licenses. [Explore 11 jobs](. [Courier]( - One API, any messaging channel. Email, SMS, push, Slack, you name it! [Hiring an engineer](. [Altitude Networks]( - Data security for enterprises using collaboration SaaS. [Explore 3 jobs](. Funding and acquisitions Lambda School has raised $74 million to [support the company's mission to unlock student potential](. Lambda School runs virtual computer science programs for $30,000. Payments for the course are based on a sliding scale that only kicks in after participants land a job that earns at least $50,000. Lambda School will use the round of financing to meet surging demand for its programs. Spaces, [a VR startup that spun out of DreamWorks Animation]( has been acquired by Apple. Spaces most recently built a VR add-on to Zoom, which allows users to participate in meetings with an animated avatar. Apple has been developing its own AR/VR headset and has acquired a number of startups in the space. MURAL, [a visual collaboration startup that provides a whiteboard-like digital environment]( announced it has raised a $118 million Series B. The startup has seen explosive growth since the onset of COVID-19, tripling revenue and adding over 1M monthly active users. Socure, [a cloud-based identity verification startup]( closed a $35 million round. Socure's digital verification suite leverages machine learning and predictive analytics to authenticate people from “thousands” of data points. The startup then tabulates “trust scores” in less than a second and explains its conclusions in detail. AngelList Weekly 90 Gold St San Francisco, CA 94133 [Unsubscribe]( | [Update preferences](