SAN FRANCISCO — Technology start-ups worth $1 billion, once as rare as unicorns, are now plentiful enough and old enough that there's a new generation behind them — one that looks very different. Silicon Valley’s current crop of highly valued tech start-ups, which include now-household names like Uber and Airbnb, all benefited from the spread of smartphones and cheap cloud computing. Some of the start-ups became giants: Uber, for instance, may reach a $120 billion valuation this year. Now, many of the up-and-coming start-ups that may become the next unicorns have names like Benchling and Blend. That’s according to an analysis for The New York Times by CB Insights, a firm that tracks venture capital and start-ups.

Source: New York Times February 10, 2019 19:52 UTC