Competition: Startup Failures

AI sales copy tool killed when every CRM added a free AI writer.

The design platform that Figma made obsolete

Great product, wrong market ceiling — couldn't climb to enterprise-scale contracts.

Oracle released a free version of VaultShift's entire business.

Won Salesforce's AI prize, then lost to Zendesk's native features.

AI copywriting pioneer for enterprise email, commoditized out of existence by ChatGPT.

When Meta and Adobe build your product for free, your startup is over.

No-code data pipelines for non-engineers, disrupted by AI before reaching scale.

Predicting arrivals when the carriers gave the data away for free.

Contract clause automation commoditized before Series B ever arrived.

AI skills testing startup that couldn't survive when LinkedIn and HireVue ate its market.

The $975M Atlassian-Loom deal made Claap's business model obsolete overnight.

Restaurant loyalty SaaS swallowed whole by POS giants giving it away for free.

Amazon for the price-sensitive: $1 items shipped free, no questions asked

The async work OS that couldn't find its place between Notion and Slack.

Design-to-developer handoff tool erased by Figma Dev Mode

Australian expense card startup crushed by global giants entering its home market.

A French climate data champion steamrolled by a better-funded American competitor.

PO collaboration marketplace squeezed out by SAP Ariba and enterprise procurement suites.

The carbon accounting startup that couldn't survive the ESG backlash and market crowding.

$530M raised. Sold to Entrust. Price undisclosed — and that says everything.

The open-source Slack alternative — caught between Microsoft Teams free and Slack's mindshare.

MIT's tabular AI star couldn't outforecast SAP in the enterprise — sold to Scale AI for a fraction of its value.

The Tier 2 kirana distributor that fought Udaan and Jio and ran out of money paying its own staff.

Digital twin startup for cities couldn't compete with GIS giants and ran out of cash.

Raised $320M to beat NVIDIA at the edge. Three layoff rounds later, the edge won.

Discount marketplace IPO'd at $14B then sold for $173M three years later

Europe's KYC champion swallowed by the automation wave it helped create.

The celebrity AI startup with a $24B valuation — still searching for the product differentiation that justifies it.

A $280M blood disorder biotech crushed by a competitor already approved and dominant.

Polish CI/CD underdog ran out of runway when GitHub Actions made pipelines free for millions.

Government NLP platform ran into a budget freeze and Palantir's legal army simultaneously.

The Dauntless studio raised $100M to compete with Monster Hunter and was shut down by its own parent company

73M monthly users in 2022. Raised €60M. Sold to Voodoo for €500K in 2024 — TikTok copied the feature.

GDPR consent management darling crushed by OneTrust commoditization and stalled Series C.

Enterprise AI helpdesk that got crushed by Microsoft's bundling strategy.

The computer vision pioneer that hyperscalers commoditized — when cloud giants bundle vision APIs for free, the market disappears.

Built a moat around contract AI, then ChatGPT filled it overnight.

Fourteen years and $80M couldn't turn mobile top-ups into a viable super-app.

Captured $100M in funding and the activity data of the Fortune 500 — then Salesforce captured the market.

API security unicorn sold to Akamai for half its peak valuation after CISO budgets froze.

The web knowledge graph AI — LLMs made its core value proposition available for free.

500K users in 60 days, zero sustainable revenue, dead in 15 months.

The conversational marketing pioneer raised $107M at $1B and was acquired for a fraction in a Salesloft fire sale

The autonomous driving startup that raised $220M targeting highway self-driving — shut down in April 2024 after failing to find an acquirer as the AV industry consolidated around Waymo and Tesla

The $135M Berlin presentation software startup crushed between Canva and AI-native competitors

The knowledge wiki that got caught between a $10B Notion and a resurgent Confluence.

Corporate card unicorn-hopeful drowned in a sea of identical competitors.

Oracle and SAP built their sanctions tool natively — and took 60% of the client base in one product cycle.

AI meeting tool killed the day Zoom made its AI features free for all users.

The grocery retail media darling squeezed out by the giants it was built to serve around.

A $100M Canadian edtech giant that crashed when the pandemic bootcamp bubble burst.

South Korea's bargain pioneer couldn't compete in the age of Coupang's juggernaut.

A senior-simplified tablet overwhelmed by Amazon and Apple offering 'good enough' accessibility features.

The product analytics startup valued at $900M in 2021 — acquired by Contentsquare for ~$200M in 2023 as Amplitude and PostHog ate the market from both ends

GPT-4's legal breakthrough sold itself to the Westlaw empire for $650 million.

ChatGPT killed this chatbot startup in under 90 days.

Italy's online grocery pioneer shut down by a market that outgrew it

The BNPL startup that discovered being third in a winner-takes-most market is fatal.

Bootstrapped database-app builder couldn't survive Airtable's free tier juggernaut.

Japan's edge AI pioneer built a clever platform, then Nvidia and Google commoditized the entire market.

Mexico's leading payments unicorn raised $250M at $2B but couldn't withstand Mercado Pago's zero-commission assault

The human data labeler that AI made obsolete

A $47M corporate card startup acqui-hired for pennies when Brex and Ramp copied every feature it built.

Another freelancer neobank that couldn't stand out in a crowded field of better-funded rivals.

Fifteen years building the virtual office, outlasted by startups born the year COVID hit.

Built a PSD2 aggregator in a market where Visa just spent $2 billion on the competition.

Digital media's biggest SPAC at $1.5B. BuzzFeed News shut 18 months later. Stock down 95%.

Chilean credit-scoring and financial wellness startup backed by Accion and IGNIA ran for ten years before shutting down its consumer product in 2023 as open banking regulation eliminated the data advantage it had spent a decade building.

Twelve years of bootstrapped progress erased in months by a $17B competitor.

$4B for live audio. Then the pandemic ended and Big Tech copied it.

A Mexican edtech killed when the government launched its own free version.

Germany's neobank lost the race to N26 and Revolut and quietly retreated

The voice AI contact center specialist — commoditized by GPT-4 and Whisper before reaching enterprise scale.

The startup financial planning platform raised $26M then got crushed between Anaplan and ChatGPT

76 years in Mexico. Amazon and Liverpool finished it.

A newsletter monetization layer that got crushed between Substack and Ghost.

Built the world's sharpest VR headset and priced it for a market that didn't exist.

The Twitch tooling platform raised $100M+ and then the streaming creator economy cratered

The lidar pioneer that invented the technology — then got destroyed by Chinese copies and had to merge with its rival to survive

Decentralized indexing for 20 chains, sustained by a token price that fell 97%.

Finland's iGaming personalization pioneer was squeezed out by enterprise giants and niche specialists alike.

Specialty retail's cloud POS darling couldn't survive the Shopify steamroller.

GPT-4's launch froze every enterprise buying decision — Evolution AI's pipeline evaporated overnight.

Ex-Apple engineers built ADAS software but Mobileye had already locked every OEM that mattered.

Canadian dealer tech darling crushed between entrenched incumbents that could outlast any startup's runway.

When M-Pesa launched its own savings product, Akiba Digital had nowhere left to hide.

Windows CI specialist bootstrapped for a decade before Microsoft's free Azure Pipelines made it unviable.

Smart battery software outsmarted by OEMs building it themselves.

Poland's $1B Q&A homework platform structurally disrupted by ChatGPT within months of the AI breakthrough

Alibaba and SoftBank poured $440M into Paytm's ecommerce arm to fight Amazon India. Five years later, Paytm quietly shut the consumer shopping app.

The 'learning experience platform' that couldn't survive its own market correction.

Built mobile-first support but couldn't outrun the giants.

Japan's first streaming pioneer survived 18 years before Netflix and corporate restructuring killed it.

The African tech talent unicorn raised $381M at $1.5B and then AI coding tools commoditized the engineers it trained

The millennial Costco raised $500M and filed bankruptcy the same year it went public

The AutoML unicorn that automated its own irrelevance

The B2B data enrichment platform that was once the independent standard for lead intelligence — acquired by HubSpot as the market commoditized

The live streaming platform that couldn't brew an audience

German SEO analytics pioneer outlasted the dot-com era only to be commoditized out of existence by better-funded rivals.

China's $3B fashion social platform IPO'd on NYSE and then watched Douyin steal its entire business model.

Palantir's Asia expansion crushed this supply chain geopolitical risk startup overnight.

The Indian neobank for blue-collar workers raised $100M but couldn't survive the PhonePe and Paytm onslaught

Sequoia-backed internal tool builder shut down in a market Retool already owned.

Fifteen years of honest accounting software, undone by a free competitor and a saturated market.

Eight years building enterprise voice AI, made obsolete by ChatGPT in six months.

Wayfair's budget home brand — shut down when Wayfair itself nearly collapsed

Microsoft's $19/month Copilot made their $50K contracts irrelevant overnight.

The cybersecurity unicorn backed by SoftBank and Google that raised $900M and then laid off half its workforce when the Broadcom acquisition fell through

Swing analytics hardware that couldn't keep pace with software-only sports tracking alternatives.

Another blockchain API startup crushed between Alchemy and a bear market.

The German employee app startup that raised €67M to connect deskless workers — acquired and shut down when SAP and Microsoft dominated the space

India's social fashion pioneer ran out of style before it ran out of road.

Indonesia's second-largest marketplace that abandoned ecommerce entirely after its IPO

AI anomaly detection commoditized by Datadog and AWS — $65M couldn't fight free features.

The company that built the first Android phone — then lost everything to Samsung

The real estate portal that tried to break Australia's property duopoly and ran out of money.

The digital whiteboard that raised $118M at $2B — then FigJam and Miro took the market and cut 12% of staff twice

The company that invented autonomous vehicle LIDAR couldn't survive the market it created.

SaaS for senior living couldn't dislodge legacy EHR giants in the enterprise segment

The homework help unicorn IPO'd at $7B and lost 80% of its value the day ChatGPT made its core product obsolete

Drobo built a beloved RAID storage system for creatives and SMBs. Cloud storage made it obsolete. Bankrupt 2023.

Twenty years of semantic NLP made obsolete in eighteen months by GPT-4.

Trade intelligence marketplace outcompeted by legacy players and squeezed on margins.

KYC-as-a-service startup that couldn't verify its own survival.

Brazil's first gig economy marketplace IPO'd on B3 at R$600M. Then Workana, Fiverr and Getwork destroyed it.

Shelf analytics ambition collided with Nielsen's enterprise sales machine.

Raised $26M to extract the web's data, then competitors extracted their market share.

The men's hair loss telehealth brand squeezed out by generics and bigger rivals

Tried to out-ESG Bloomberg with £12M and an algorithm. Bloomberg noticed nothing.

The delivery order aggregator that POS systems made obsolete overnight.

The 3D printing marketplace that raised $100M promising to put personal manufacturing online — hollowed out when industrial customers went direct

UK's employer-of-record startup got Deel'd and Remoted out of the market it helped create

1.5 million Korean users, then Duolingo and GPT-4 voice killed the moat in 90 days.

A virtual office that couldn't survive the end of the remote work honeymoon.

The SoftBank-backed African crypto exchange cut 35% of staff as crypto winter wiped its core markets

The corporate furnished apartment marketplace that COVID killed and Airbnb-for-business finished off

ChatGPT made a 12-year freelance content marketplace obsolete in under 12 months.

Quantum computing's SPAC poster child: overpromised qubits, underdelivered revenue.

A $53M-funded event marketing platform absorbed into a competitor after COVID broke the market.

The RBI-backed invoice discounting platform killed by adoption inertia in a winner-take-most market.

The electric delivery van maker that lost the biggest postal contract in US history

The payments infrastructure startup raised $150M to compete with Stripe and found that impossible

Irish job marketplace burned €10M trying to out-brand LinkedIn and Indeed in European recruiting.

OneUp promised to beat QuickBooks at everything. It couldn't beat Wave's free price tag.

The UK remittance fintech that raised $165M to challenge Wise — and cut 30% of staff as competition erased its pricing advantage

Microsoft's virtual assistant — outcompeted by Alexa, beaten by Siri, killed by ChatGPT

Built for teams too small for the big players — then the big players came for them anyway.

DHL wore them. But Zebra and RealWear out-priced them into oblivion.

The German loan comparison pioneer displaced by rising rates and fintech rivals it helped inspire

Lockheed Martin used it. Scale didn't come fast enough.

Skype's co-founder bet on AI language learning and lost to Duolingo's owls.

The smart battery that made old smoke detectors intelligent—beaten to death by a $12 Wyze sensor.

Panama streaming startup with 28,000 subscribers dismantled by Netflix and HBO's simultaneous price wars.

Inventory intelligence for small retailers wiped out by the platforms they were built to serve.

The sustainable shoe unicorn that lost 97% of its market cap to cheaper, faster, trendier rivals

A $100M identity platform killed by its own government's competition.

Nine years building AI-moderated focus groups, then ChatGPT made the core value proposition nearly free overnight.

Voice-first async communication killed by the platform it tried to replace.

Identity posture management startup shut down in 2023 after ISPM market collapsed before it matured.

Built an AI tutor. Then ChatGPT made every AI tutor look redundant.

Latin America's English-learning giant sold for cents on the dollar after burning $120M.

The asynchronous telehealth platform raised $30M and was shut down when Teladoc and Amazon Clinic made async care free

The $112M observability platform built on Elasticsearch that couldn't survive the commoditization of its own foundation

Amazon's own seller tools made Zentail's multichannel magic unnecessary.

Cognitive AI for supply chains that couldn't survive the cognitive dissonance of enterprise sales.

Survived a Ticketmaster breach scandal only to be destroyed by ChatGPT's shadow.

The AI writing startup that raised $131 million and became a unicorn in 18 months — then watched ChatGPT ship the same product for free and lost 30% of its team

Germany's online furniture unicorn. IKEA went digital. Wayfair arrived. Home24 delisted.

Australia's shipping software star shed 30% of staff when post-COVID e-commerce volumes crashed.

Made filing taxes easy. Forgot to make the business sustainable.

The AI-powered sales note-taking unicorn raised $200M at $1B then collapsed as ChatGPT made the product free

AI matchmaking for events couldn't find a match for its own survival.

Standalone API monitoring company made irrelevant as observability giants bundled its product for free.

The warehousing SaaS startup crushed when logistics giants bundled fulfillment as a loss leader.

Clinical NLP pioneer with NHS contracts underpiced into extinction by Amazon in 2018.

Browser extension AI for support teams rendered obsolete by native integrations.

The on-demand cleaning platform that couldn't keep its cleaners — or its customers.

Indian pharma B2B marketplace undone by warehouse fraud and margin wars with distributors.

Japan's messaging giant burned billions to lose the payments war to SoftBank's PayPay.

India's fintech training pioneer collapsed when placement guarantees met a hiring freeze.

Outgunned by Retool's $145M war chest in the internal tools arms race.

Australian digital mortgage broker. Rising rates killed the market. Shut down.

Kubernetes CI/CD pioneer swallowed by Datadog as free alternatives killed its market.

Mexico's early neobank pioneer squeezed out as Nu and BBVA Digital scaled past it

The rural kirana digitizer that outlasted a decade but couldn't outlast the giants.

Raised $262M trying to out-Twitch Twitch. Viewers never came.

AI turned browser automation from a no-code superpower into an obsolete workaround in 12 months.

PostNL spent €50M trying to out-Chinese the Chinese in ecommerce — and failed in 18 months.

$45M raised, Fortune 500 clients won, then LLMs made the whole stack irrelevant.

An online pet pharmacy that couldn't survive Chewy's pharmacy arms race.

The telehealth unicorn that raised $876M at $7B then got crushed by GLP-1 drug disruption

The cloud accounting pioneer who invented the category, then wrote its users a Xero migration guide on the way out.

Naspers's classifieds giant quietly exited Argentina after 15 years as Facebook Marketplace and MercadoLibre ate its core market

Twenty-year French low-code survivor finally fell when Microsoft Power Apps made enterprise deals impossible.

Carbon fiber 3D printing for aerospace — without the scale to survive.

Found the best hotel price. Couldn't find the exit.

Square cloned the market, and PayAnywhere became a cautionary tale in the mobile POS graveyard.

Vine's spiritual successor — killed again by TikTok

AI freight document processing swallowed by the very platform it competed with.

Cash flow prediction for supply chains that ran out of cash itself.

Predicting droughts couldn't save them from their own data dependency drought.

Ex-MI6 founders built a geopolitical risk tool that couldn't crack the enterprise sales cycle.

Turkey's original online marketplace killed by eBay after Trendyol made competition unwinnable.

Colombia's last-mile delivery pioneer absorbed by a larger logistics group after Rappi and iFood overwhelmed its position

Mexico's Spanish-language audiobook startup couldn't survive when Spotify, Amazon Audible, and Apple entered LatAm

The real estate startup that tried to bypass MLS and Realtors with AI — and discovered that ignoring the incumbents was a fatal strategy

Tencent backed this WeChat commerce pioneer, then built a better solution internally.

Employee education benefits startup that couldn't sell the C-suite on its own value.

The creator economy had room for giants. Mid-sized tools got quietly crushed.

Swedish audio brand backed by German investors. AirPods killed the premium headphone mid-market.

A $1.4B fashion social commerce IPO reduced to pennies by the rise of Douyin and Xiaohongshu.

Online therapy for everyone. The pandemic made it mainstream. BetterHelp ate its lunch.

Mobile CI pioneer killed by its own Flutter-powered rebrand that outgrew the original product.

Bristol-Myers Squibb walking away from their partnership sealed Neon Therapeutics' fate.

Built government-grade file sanitization tech, then Microsoft gave it away for free.

Latin America's freelance marketplace. Upwork went global. Workana restructured.

Pioneered the mattress-in-a-box. IPO at $575M. 150 copycats later, went private at 45% below IPO.

A German payment gateway that tried to out-Stripe Stripe with inferior onboarding and no moat.

Changed its name to fix its future — the future didn't get the memo.

No-code testing pioneer bootstrapped to acquisition while VC-funded rivals outspent and outbuilt it.

When your product demo sinks, so does your company.

Outgunned by ByteDance and Kuaishou subsidies, this social commerce startup never stood a chance.

AI phone support for SMBs — crushed by better-funded clones in 24 months.

No-code chatbot builder survived eight years bootstrapped, then vaporized by a crowded market.

Two decades of payroll processing expertise, made irrelevant by Gusto's modern UX in four years.

India's Zapier got acqui-hired by Notion and promptly switched off.

China's fashion social commerce platform. Pinduoduo and Douyin destroyed it.

Colombia's mobile wallet that reached 3M users but couldn't survive Nequi and Daviplata.

China's $100M podcast conquest of America that forgot Americans don't work like Chinese users.

A newsletter platform that raised $2.8M and shut down before reaching 1,000 active users.

Germany's anonymous local social app. BeReal and TikTok arrived. Users left.

GDPR drained the budget; Fresha drained the clients.

Git secrets detection pioneer commoditized by GitHub then acqui-hired by CrowdStrike for its DevSecOps push.

A modern vet practice OS that couldn't convince clinics to ditch their fax machines.

Routing ships around storms couldn't route around a commoditized market.

Three million downloads couldn't save this CBT app when its corporate parent lost interest.

Embedded payments startup sold to Worldpay at half its valuation after Stripe Connect ate its lunch.

Norwegian engineering quality, Chinese price competition, no winner.

Saudi last-mile delivery startup crushed between legacy giants going digital and VC-backed disruptors.

Pioneered email tracking for sales — then watched everyone else do it for free.

The UK's oldest crypto exchange that quietly shut down after a decade, beaten by Coinbase and Binance

Chilean BNPL for e-commerce. Mercado Crédito arrived. Market dried up.

2 million downloads and still no one to talk to. Social audio's cold brutal math.

Six years of supply chain visibility software that no one could see a reason to buy.

Outgunned by a rival with 10x the capital, Hastee was acqui-hired into oblivion.

Costa Rica's leading food delivery app sold for under $200K after dominating the market for three years.

Nigerian agent banking startup Kudi was swallowed whole in OPay and PalmPay's subsidy war.

A pet social network that KakaoTalk demolished in eight months with a single feature update.

An underfunded ELN startup learned that in lab software, the best-funded team wins the deals.

The shipping industry's most ambitious blockchain project died of competitive distrust.

The podcast audiogram tool killed by VC-funded free competitors in a race to zero.

Mula's blockchain remittance edge vanished when GCash and Western Union slashed their fees.

D&B copied their ASX data edge in 18 months and offered it cheaper to all their clients.

Mexico's B2B payment optimization startup squeezed out between banks and larger fintech players

Coding bootcamp in Argentina. Platzi and Henry arrived.

UK enterprise collaboration pioneer raised £36M and built a government-grade product—then lost the category to Microsoft Teams.

Git for designers — killed by the product it tried to complement

Daily deals pioneer rejected Google's $6B offer. Stock fell 97%. CEO fired via shareholder letter. From 12,000 employees to under 500.

Premium podcast subscription raised $100M to offer exclusive shows for $7.99/month. Spotify and Apple owned the creators. Sold to Pandora for pennies.

Brazilian parking payment app. 1M users. City-controlled competition ended it.

Australian shipping SaaS. Shopify Shipping arrived. Category commoditized.

A decade-old recruiting network that got outbundled by better-resourced competitors.

Spotify's $72M bet on live audio that even 400 million users couldn't save.

Outgunned by Shiprocket and drowning in COD returns, Pickrr had no way out.

French warehouse robot pioneer outspent and absorbed by Swiss material handling giant.

Brand pivot from Qordoba to Writer couldn't outrun GPT-3 commoditization.

The mid-market HR platform raised $158M at a $300M valuation before selling to a PEO in a widely considered distressed exit.

Brazil's original bitcoin exchange. FTX and Binance arrived. Foxbit couldn't compete.

Born from the COVID community wave, killed when the wave receded.

A quantum-safe crypto startup rendered obsolete the moment NIST published free post-quantum standards.

Prosus bet $500M on LatAm used cars — and retreated in 7 months

Anonymous confessional social network raised $61M from Sequoia. Peaked at 25M monthly users in 2014. Reddit and TikTok absorbed the use case. Shut September 2022.

Chile's financial product comparison platform squeezed out by bank incumbents and global aggregators

Telr built a regional payments pioneer but Stripe and Checkout.com made it obsolete.

The personal styling subscription that peaked at $10B and fell 97% as fast fashion made curation irrelevant

The AI code completion tool with 500,000 developer users that shut down in November 2022 — killed by GitHub Copilot, the same technology it pioneered, built by the company whose code repositories fed its training data

Tyba democratized investing in Colombia, then got absorbed by the bank it was supposed to disrupt.

Colombia's 33-year-old logistics giant that couldn't pivot fast enough for the e-commerce era.

Even $690M couldn't buy consumer wallet share from Grab and Shopee in Southeast Asia.

Colombia's original food delivery pioneer — acquired by Delivery Hero, then quietly shut down in 2022 as Rappi made the platform redundant.

Israeli website builder for agencies. Wix and Squarespace commoditized the category.

Accounts receivable automation pioneer absorbed by Flywire after failing to scale past Series A.

Goldman and SoftBank-backed LXP sold below valuation after SPAC dreams collapsed.

Another creator monetization play that couldn't steal fans from Patreon.

The AI scheduling assistant that came before LLMs — and watched AI scheduling become a free feature of every email client.

When Wagestream owns every employer relationship, there's no room for a second player.

Argentine chatbot SaaS. HubSpot and Intercom arrived in LatAm.

Photo authentication tech ahead of its time — killed by commoditization and enterprise indifference.

Hockey AI analytics that couldn't outskate better-funded rivals in a pandemic-shortened season.

The continuous performance management SaaS that raised $81M — acquired for far less by Beqom and shut down as Lattice, Culture Amp, and Workday bundled the category

Cambodia's central bank built Bakong and made ZigPay's QR dreams irrelevant.

Built for the event revolution, crushed by well-funded rivals when events went virtual.

AI SOC automation startup absorbed by FireEye before it could prove standalone value.

Open-source compliance for government: the market didn't want free.

Outmatched by LinkedIn's diversity filters before reaching Series A.

The music rights startup that couldn't pivot fast enough from old media to new audio.

Leverj raised $4M via ICO to build decentralized derivatives but couldn't compete with BitMEX's UX and liquidity.

Nine years serving the underbanked, then Chime's venture subsidies made the business model impossible.

Pioneered the beauty subscription box at $485M. Sephora copied it. Sold for $1 to Walgreens in 2021.

Mexican live tutoring platform. Duolingo and Preply arrived.

Modernized call centers until Amazon and Google made it a commodity.

Chilean e-learning platform. Coursera and edX went free. Aprendanet couldn't survive.

Mexican streaming infrastructure. AWS CloudFront arrived.

The audio-only social app that made everyone feel like they'd found the future — before Twitter Spaces, Spotify Greenroom, and Facebook Live Audio copied the format and made the original irrelevant.

The B2B steel marketplace that couldn't bend the old-boy trader network to go digital.

A failed Coupa acquisition and a stubborn IP dispute sealed VendorGuard's fate.

Cloud security OG with 400 customers sold to F5 for $68M then quietly killed in 18 months.

Canadian office supply marketplace crushed by Amazon Business expansion.

Argentina's last-mile pickup network. MercadoEnvíos won.

The on-demand delivery pioneer swallowed by the capital war it helped start.

Chilean packaging and e-commerce supplies. Amazon Business arrived.

Lima's traffic chaos and Rappi's cash burned Listo! to the ground silently.

Colombian AI analytics startup. Tableau and Power BI commoditized the category.

Mobile money API pioneer acqui-hired away as telecoms commoditized its core infrastructure.

Canada's BNPL pioneer absorbed by the very wave it helped create.

A sports audio room that Spotify bought, renamed, and deleted in under two years.

Financial services agent network in rural Mexico. CoDi arrived and changed everything.

Korea's bank-backed neobank crushed between two ecosystem giants.

DiDi's food delivery arm entered Brazil, spent two years subsidizing orders, and quietly exited — defeated by iFood

GoodRx's $12.7B IPO made corporate pharmacy discount clones instantly obsolete.

India's $300M furniture unicorn-hopeful sold to Reliance for pennies after $100M in venture funding

The social podcast app that became Twitter Spaces before Twitter Spaces existed.

Shopify's native inventory update made Stitch Labs obsolete almost overnight.

ePRO platform outgunned by enterprise giants offering the same feature for free with bigger contracts.

Built the enterprise people graph, then became a footnote in Slack's changelog.

Brazil's personal finance app with 6M users, sold for scraps to PicPay after Nubank made it irrelevant.

A niche carved with purpose, eroded when everyone else claimed the same purpose.

242 years. Amazon took the last decade. COVID finished it.

A helpdesk pioneer that couldn't survive the Zendesk era it helped inspire.

A clinic management tool that needed more management than the clinics it served.

Open data platforms don't survive when incumbents also open up.

Podcast analytics startup crushed between Apple, Spotify, and standardization.

Australian SMB workflow tool killed by a global wave of free-tier project management giants.

Native ad pioneer swallowed by SSP consolidation after 13 years of independence.

Free platform tools and COVID budget freezes ended a nine-year influencer marketplace.

China's original short-video king had 300M users — then Douyin arrived and erased it.

Sears' bankruptcy and Amazon's logistics arm crushed the micro-fulfillment pioneer.

Japan's first mobile bank absorbed before it could change Japanese banking.

Pioneered crowdsourced creativity but couldn't monetize what it helped invent.

Microsoft paid $30M+ to bring Ninja over — his audience didn't follow.

The behavioral analytics SaaS built by ex-Facebook engineers — acquired by Cloudflare for a fraction of what it raised

A decade building speech AI commoditized overnight by Amazon, Google, and Microsoft.

Weibo's own livestreaming app failed to survive TikTok Live — then got absorbed by its parent.

Skip ran out of road when San Francisco pulled its scooter permit in 2019.

An AI contract sniff-test that couldn't survive the enterprise sales maze.

Tracking containers when the real prize was tracking data supremacy.

AI data catalog pioneer swallowed by the very competitor it helped inspire.

The Pinterest competitor backed by Snoop Dogg and Will.i.am — outcompeted and quietly gone

Google-backed construction drone startup buried by DJI's cheaper alternatives.

Microsoft paid Ninja $30M to kill Twitch — and Twitch won anyway

Gartner Cool Vendor turned silent shutdown after failing to unseat Splunk in mid-market.

Target-backed dollar-store app raised $50M. Shein, Amazon, and Wish made cheap better. Shut down November 2020.

A $50M bet on Western mobile gaming returned nothing but a failed acquisition spree.

One lost petroleum contract took down Canada's go-to convenience store POS vendor.

Merchant payments pioneer swallowed by the very M-Pesa ecosystem it relied on.

Another language app that forgot users forget to use language apps.

Employee voice startup outrun by LinkedIn-backed Glint and COVID budget freezes.

Brazilian same-day delivery. iFood and Rappi arrived with billions. Rapiddo didn't.

Pioneer US ag spray drone operator crushed by subsidized DJI hardware.

Capital One's DevOps dashboard open-source darling archived when internal sponsorship money dried up.

Too complex for SMBs, too small for enterprise — the fatal no-man's land of integration tools.

The classifieds app that raised 500M USD from Naspers and OLX. Then Naspers merged it with OLX.

Built for Twitter's golden age, died when Instagram and TikTok took over.

Walmart paid $3.3B for Amazon's most credible challenger — then shut it down to recycle the talent

The daily-deals giant's Argentine unit was among the last LatAm markets abandoned as the category died globally

Indian online eyewear startup. Lenskart won. Coolwinks couldn't.

Peruvian urban delivery startup that pioneered same-day courier services in Lima — outcompeted and shut down as Rappi and Glovo entered Peru with hundreds of millions in global capital.

Dutch Kubernetes canary release tool outgunned by LaunchDarkly's $200M funding machine.

Indonesia's super-app giant couldn't conquer India's hyper-competitive mobility market.

The patient portal pioneer that couldn't survive as a standalone in the era it helped create.

A decade of industrial AR disrupted by the platform players they helped educate.

Even $70M and elite backers couldn't let location data compete with Google's monopoly.

Microsoft's gaming streaming platform signed Ninja for a reported $30M+ to steal market share from Twitch — and shut down 18 months later after failing to build a viable audience.

Supply chain simulation that simulated independence it could never truly achieve.

Panamanian ride-hailing startup outspent into oblivion by Uber's global war chest.

A profitable identity verification veteran sold for $300M rather than fight for independence.

Spain's top C2C fashion app — until Vinted made commissions extinct

When Google Sheets adds your startup's features for free, your runway disappears.

Helping freight forwarders go digital—until digital giants made them irrelevant.

Germany's food delivery pioneer. Delivery Hero sold it because Lieferando won.

178 years old. Killed by online booking in 2019.

Estonia's homegrown neobank got steamrolled by the very fintech giants its country helped create.

The Mexican taxi app that couldn't out-innovate Uber's war chest.

Project management SaaS with Chilean roots. Slack and Asana won.

Relationship intelligence that couldn't survive the relationship with reality.

Lost in the shadow of LendingClub — and buried when that shadow collapsed.

The $1B Hadoop unicorn that the cloud giants made obsolete before it could go public

Helping you find cereal in aisle 7 sounded useful until Walmart built it themselves.

One churned mega-client triggered a compliance platform's own non-compliance with payroll.

Urban curbside pickup startup made obsolete when Walmart built the same tech in-house.

The hardcore Facebook strategy gaming unicorn — peaked with the platform, failed with the platform.

When your POS startup pivots to blockchain, that's usually the last pivot before lights-out.

Sidewalk robot startup absorbed by Nuro before reaching commercial scale.

Pioneer of AI data labeling that got squeezed between Amazon and Silicon Valley's hottest startup.

YC-backed iPad POS couldn't survive the Square-Shopify price war.

China's fashion photo app raised $150M and then disappeared into WeChat's shadow.

Atlassian's team messenger — killed by Slack, twice

Raised $15M in 24 hours to kill WeChat — DAU fell 95% within 30 days of launch.

SMB app builder for restaurants and retailers made obsolete by Shopify and App Store policy changes.