Top 17 Unicorns & What Makes Them Industry’s Front-Runners
July 19, 2022 by Aanchal Sharma
RChilli proudly introduces a curated list of companies who with sheer dedication and passion achieved Unicorn Company Status. Carving a niche in the respective industries, their journey towards the prestigious status was mapped-out with a team of professionals who’re dedicated, talented, skilled, and best-in-class. Here’s raising a toast to them!
It takes incredible ideas to build a company. But it takes a vision, consistent efforts, and right technology partners to give a shape to that vision, a passion to be steadfast in the efforts, embracing what comes in the way, and building a culture that will help you carve a niche in the industry and be called a UNICORN.
Mapping the Unicorns Globally
Over the past decade, Unicorns have expanded their wings globally. Unsurprisingly, the majority of these successful companies spruced up in the hotbed of innovation or had their brick and mortar offices adjacent to The Wall Street, but there were other tech hubs too around the globe, slithering their way up to the charts.
Meeting the New Unicorns Helping The HR Industry Perform Better
Emerging as the industry leaders, these unicorns have successfully crossed the threshold of billion-dollars to achieve Unicorn status. In the list below, we take a look at some of the companies who if not overnight, but with their steadfast efforts reached the coveted status.
Country: United States
Founders: Ron Shahani · President and CEO
Acro Service Corporation has emerged as a national-level company in the workforce management solutions. The company has ever since its inception been offering solutions including staff augmentation services along with service staffing program services in the Information Technology (IT), engineering, professional, accounting, finance, administrative, light industrial, manufacturing, and other categories.
Founders: Debbie Ashton, Jeremy Roche
FinancialForce is determined to accelerate the business growth via its customer-centric ERP, professional services automation (PSA), and customer success solutions. With its presence on the leading cloud platform, Salesforce, FinancialForce helps the companies know the customer persona and unlock the client insights, offer innovative experiences, along with being able to achieve agility and resilience.
Founders: Brad Goldoor, Hari Bayireddy, Mahe Bayireddi
Initiated with an aim to inspire people through their jobs, Phenom offers the Phenom Talent Experience Management (TXM) platform that transforms the talented candidates to thriving employees, and eventually valuable brand advocates. Phenom’s TXM platform offers the companies with a unified solution delivering a Career site, CRM, CMS, Chatbot, SMS, Internal Mobility & Referrals, University Recruiting, Talent Analytics, and AI. The AI-driven platform drives personalisation for candidates, recruiters, employees, and management.
Founders: Girish Mathrubootham, Shan Krishnasamy, Vijay Shankar
Freshworks has successfully made it easier for its clients to delight the customers and employees by delivering software-as-a-service that’s pocket-friendly, easy and quick to implement, and ultimately designed for the end-user. Freshworks is a renowned name to build tech that works for everyone, be it IT, sales, marketers, and HRs, helping them do their job proficiently.
founders: Jonathan Siddharth, Vijay Krishnan
Turing’s hiring platform is a blend of deep matching intelligence and AI that helps the company’s find ideal and talented engineers across 100+ skills including React, Node, Python, Golang, Angular, Swift, Java, and many more. The rigorous vetting process followed by Turing extends a company’s reach to talented professionals by accessing their technical abilities, English skills, and remote working capabilities. With in-depth expertise and knowledge in AI, Turing has played a significant role in helping the US top companies build their engineering dream team by ensuring time zone overlap, transparency, and reliable communication making remote development easy.
Founders: Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni
Darwinbox is a leading cloud-based human resources management software (HRMS) provider. All through the employee lifecycle- from hire to retire, the SaaS platform engages and empowers them with an uncomplicated, smarter, and mobile-first HR Tech experience that is powered by AI and ML (Machine Learning). DarwinBox holds the title to become the fastest and the youngest HCM player to debut on Gartner’s Magic Quadrant for 1000+ Employee Enterprises.
Founders: Aravind Bala, John Tippett, Vikas Manocha
SeekOut offers a competitive advantage in recruiting, retaining, and developing the talent base along with a comprehensive 360 view of internal employees and external talent with analytics, predictive insights, and action recommendations. SeekOut helps the company’s achieve their recruiting goals faster by proactively sourcing skilled candidates, reducing hiring bias, and enhancing candidate engagement.
Founders: Mark Jenner, Tom Putnam
Beeline has the credit to be a pioneer in introducing the world's first extended workforce platform. The intelligence-driven platform transforms the way businesses engage, manage, and optimize external talent. As a VMS originator and decades-long innovator, the company is set to push the limits of vendor management helping the businesses get a futuristic platform that securely, intelligently, and efficiently addresses the requirements of a business.
Founders: Christina Ambers, Ray Kingman
Thomson Reuters, one of the most prominent and trusted providers for helping professionals make better business decisions. The team of Thomson Reuters holds expertise in dealing with a client base belonging to the complex areas including tax, law, compliance, media, and government.
Founders: P.R.Venketrama Raja
An emerging enterprise software player, Ramco has been showing its presence to the world via its multi-tenant cloud and mobile-based enterprise software in the segment of Global Payroll and HR, ERP, Logistics and M&E MRO for aviation. The company has throughout been focused on bringing innovation in the culture to carve a niche in the marketplace.
Founders: Lorraine Springer & Mike Mehta
A leading medical manufacturing company, headquartered in Ft. Lauderdale, Florida USA and manufacturing in Mumbai, India, Phoenix Healthcare Solutions’ is a pioneer in private labeling the wet and plastic medical products for its clients spread across retail, direct to consumer, wholesale, institutional, and international markets. The company is known to offer its customers and suppliers with the most responsive, efficient and economical distribution system for healthcare products and services distribution.
12. Global Logic
Founders: Rahul Garg, Sanjay Singh, Manoj Agarwala, and Tarun Upadhyay
A Hitachi Group Company, Global Logic is a product development services leader with chip-to-cloud software engineering expertise and vertical industry experience. The company assists the clients design, build, and deliver their next generation products and digital expertise. The brains at Gobal Logic are known to integrate design, complex engineering, and agile delivery capabilities to deliver unparalleled business results for global brands. The company’s client base ranges in the telecom, automotive, healthcare, technology, media and entertainment, manufacturing, and semiconductor industries.
Employees: 28,000 (2016)
Founders: Ardeshir Godrej & Pirojsha Burjorji Godrej
Set up in 1897, Godrej Group has its roots in India’s Swadeshi movement. Enjoying the patronage of over 750 million Indians spread across industries including consumer goods, real estate, appliances, agri, and many other businesses. Banking revenue of over USD 4.1 billion, the company brings together a passion and purpose to make a difference through the Goods & Green strategy of shared value to create an inclusive and greener India.
Founders: Madhava Reddy
HTC Global Services has been a pioneer in the innovative IT and Business process services and solutions since 1990. The company integrates technical and domain expertise together with the business partner approach. Thai enables the clients to realize their business transformation and maximize their business ROI. The company envisioned bringing human expertise to tech to deliver purposeful solutions that amplify value.
Founders: Brian Whitmer and Devlin Daley
The Instructure learning platform has made edtech personal and student success equitable through software, content, professional development, open integrations, and an amazing user community. The company develops and publishes Canvas, a web-based learning management system and MasteryConnect, an assessment management system.
Common Foundation Ground For These Companies
Each Unicorn mentioned above was established with a common ground- developing products that bring customer delight. They ensured this by bringing AI at the core of their business products and services.
One of the biggest challenges that the HR leaders face is finding ideal candidates for the jobs. Working as the front-runners of their industry, these companies laid their foundation with an aim to introduce technology, bring a remarkable change in the conventional approach towards offering services to their client-base, and enhance the productivity through their products.
How RChilli Helped Realize Their Vision?
RChilli with its ingenious products including Resume Parser, Search & Match Engine, Resume Redactor, Taxonomy, and Data Migration empowers the enterprise level HR managers to re-define their recruitment practices through automation. Understanding how important it is to have a skilled team of professionals that could help the company reach pinnacle versus the stress HR managers face on a daily basis to fill the job positions, RChilli resume parser was engineered to help the recruiters.
Starting right from applying to the job, the resume parser with its one-click apply feature helps the companies enhance positive candidate experience. Candidates can fill the profile in less than 10 seconds.
RChilli resume parser also helps save the recruiter’s valuable time by giving them access to import millions of resumes overnight. Designed to help the recruiters build a diverse team, the parser helps them get accurate candidate data and streamline the hiring process.
Not just this, through the rich taxonomy the mismatch between the job description and resume is eliminated. It further helps the candidates create skill profiles for the job positions and the recruiters can look for the right match depending on the skills.
The search & match feature on the other hand automatically provides the best out-of-resumes for job advertised and closest match as per skills. As for resume redactor, recruiters get an opportunity to shortlist candidates based on their skills, negating unbiased recruitment.
It takes resilience and will to constantly evolve and carve a niche in the industry and become a Unicorn. These companies already possessed the attributes; RChilli with its array of ingenious and technology-driven products became their technology partner contributing its bit to help them realize their dream and stay ahead of their competitors.
Curious to know how we can help “YOU” take the first step towards your unicorn journey? A few minutes of your day is what we’re asking for. Let’s talk!