Unicorns in the making: Algorithm pegs two Aussie startups for $1 billion valuations

Aussie startups Deputy and Airwallex have been included among 50 startups billed as future unicorns, on track to reach a $1 billion valuation that would raise them to the heights of the much-revered Atlassian and Canva.

Since 2015, startup-focused research firm CB Insights has collaborated with The New York Times on an annual list of startups most likely to reach the elusive unicorn status.

CB Insights uses its Mosaic algorithm, which analyses data on a startup’s financial health, traction and chosen market, to predict whether they will eventually morph into mythical beasts or not.