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Michigan Grows Our First "Unicorn" Tech Company Valued At More Than $1 Billion

The concept in venture capital circles of a “Unicorn” — a privately held company that’s valued by investors at more than a billion dollars — is something that hasn’t touch the mitten state up until now. However, according to a press release, the Ann Arbor-based Duo Security has raised another $119 million in a Series D round of investment at a valuation of $1.17 billion. The company, headed by Dug Song, has 500 employees in offices here in Michigan as well as in Austin, Texas; San Mateo, Cal...

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