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Is the allure of the unicorn starving hardware companies of funding?

Article by Graham Pitcher

Unicorn companies – privately held tech start ups valued at more than $1billion – are becoming commonplace, it seems. It's a strange thing, because unicorns were so named because of their rarity.

According to a list published by CB Insights, there are currently 131 unicorns, with a total value of $485bn. Top of the list is Uber, said to be worth $51bn, closely followed by Xiaomi, the Chinese hardware developer, at $46bn. At the other end of the scale are 38 companies with a valuation of $1bn.

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