7/2/2023 0 Comments Coscreen crunchbase![]() ![]() ![]() It’s too late in the game to win them over with just a story and a vision. Investors seem weary of the kind of company that’s been around for a long time, has an established business model and growing revenue, but still loses money. It also disclosed that it has raised 4.6 million to date. This morning CoScreen, a startup that helps teams share screens and collaborate in real-time, formally launched its product to market. What we do know is this: It’s a tough time to be a very mature startup or newish public tech company. CoScreen launches its screen-sharing product, announces 4.6M in fundraising. We also didn’t quantify what portion of their resources go toward AI. Or maybe not.Īdditionally, although all the companies listed proudly and prominently tout their artificial intelligence focus on their websites, we didn’t assess how critical the technology is to their business models. ![]() They could be down because progress has been slower than hoped or they are behind newer startups or older incumbents in technology or adoption. Also, it should be confessed, we did not vet the quality of AI technologies from companies in our sample. And either way, it seems unwise to make any sample set of companies serve as representative of AI’s potential. So what does it mean that AI-focused recently public companies are far off their highs even while buzz around the space is red hot? Is AI overhyped in startup circles? Is it underhyped in public markets? But no, in case you are wondering, they’re not profitable. UiPath, for instance, has over $1 billion in sales for the past year, while C3 is in the hundreds of millions. Several of the companies are also generating sizable revenue. C3 AI, a provider of configurable enterprise AI software that snagged the ticker symbol “AI,” is a $3 billion company. UiPath, for instance, has an $8.4 billion market cap. You can achieve everything its meant for easily while. Its minimalistic and gets out of the way letting you to focus on your goals. It works seamlessly and encourages all participants to actively participate in the pair programming sessions, instead of being a passive watcher. Any window you drag & drop to your shared desktop is. With CoScreen, screensharing is no longer a monologue. Moreover, even now, the nine companies on our list are all valued in the hundreds of millions or more. CoScreen enabled me to properly do remote pair programming. CoScreen by Datadog is the remote collaboration solution for the future of work. Also, the companies on our list went public around the time the market was peaking, so initial valuations were bubbly by historical standards. While those declines sound discouraging, it should be emphasized that most tech stocks are well below their 2021 heights. That works out to a decline of 76.5% from the time of their debuts. Altogether, the nine companies on our list have shed nearly $50 billion in collective market capitalization since going public. ![]()
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