Unqork
Unqork provides a no-code platform for building enterprise applications, enabling process automation, legacy modernization, and cloud migration.
Secondary Market Price
How Unqork Measures Up
To help you manage your Unqork equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Unqork Prices
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Company Description
Unqork is a software development company that provides a no-code, codeless as a service (CaaS) platform for building enterprise applications. The company primarily serves large organizations in highly regulated industries, including financial services, insurance, healthcare, and government, with clients such as Goldman Sachs, BlackRock, and the U.S. Department of Health and Human Services. The platform is used for tasks like legacy system modernization, process automation, and developing insurance quoting and underwriting applications. Founded in 2017 by CEO Gary Hoberman, Unqork was established to address the operational risks associated with custom code in complex enterprise environments. The company has raised $365.2 million in total funding and reached a market valuation of $2 billion in October 2020.
The company is currently focused on developing AI-first applications and is hiring personnel to build the foundational architecture for a new AI-enabled Integrated Development Environment (IDE). Recent company developments include the hiring of an Executive Director for its insurance division and a Principal Program Manager. Unqork has also highlighted recent customer projects, including a case study with American Equity, which reportedly achieved a 15x acceleration in its annuities processing, and an award-winning underwriting solution built for Arch North America using the Unqork platform.
- BlackRock
- CapitalG
- Goldman Sachs
- Broadridge Financial Solutions
- Aquiline Technology Growth
- World Innovation Lab
- Eldridge
- Fin Venture Capital
- Hewlett Packard Enterprise
- Schonfeld Strategic Advisors
- Sunley House Capital Management
- Co-Founder, Gary Hoberman
- Co-Founder, Alex Schmelkin
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Unqork worth joining?
Determining if a company is worth joining requires evaluating its growth potential and how its equity compensation compares to other opportunities. Platforms like Prospect can help you analyze your offer by projecting the company's future value and comparing your potential earnings against other startups.
What should I do with my Unqork stock?
The right strategy for your private stock depends on your personal financial goals, tax situation, and risk tolerance. A financial modeling tool like Prospect can build a personalized, multi-year plan for exercising options or selling shares to help you make informed decisions.
Can you sell Unqork stock?
As Unqork is a private company, you can typically only sell shares during specific liquidity events, such as a tender offer or on a secondary market. Resources like Prospect provide tools and access to market data to help you navigate these selling opportunities when they arise.
How can I find the value of my Unqork stock?
The value of private company stock is not publicly available and can be difficult to determine on your own. You can use a platform like Prospect, which uses machine learning models trained on investor-grade data to provide a projection of your equity's potential worth.
What is Unqork's equity worth?
The precise value of Unqork's equity is private information that changes based on company performance and market conditions. To get a personalized estimate, you can use financial tools like Prospect that model a likely range of outcomes for your specific holdings.
What is Unqork's stock ticker symbol?
Because Unqork is a private company, it is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Unqork stock?
Buying stock in a private company like Unqork is typically limited to employees or accredited investors, while selling is usually restricted to company-approved events like tender offers. Employees can use tools like Prospect to create tax-optimized strategies for exercising their options and selling shares.
What is the criteria to buy or invest in Unqork stock?
Investing in a private company is generally reserved for venture capital firms and accredited investors who meet specific income or net worth thresholds. However, employees can gain equity through their compensation, and platforms like Prospect are designed to help them manage it.
