Every month, unicorns keep popping up even as the venture capital market tightens.
According to Crunchbase, CB Insights, and PitchBook data, TechCrunch tracked down the newly minted unicorns so far this year. They include the already-valued $24 billion xAI of Elon Musk and a good number of AI startups besides. Cybersecurity, health tech, and fintech also have flown high. This list will be updated throughout the year, so check back and see the powerhouses raising this year!
September
Rentberry -$1 billion: The 2015-founded firm offers listings of long-term rentals, closed a $90 million Series A which valued the company at $1 billion. The company has raised more than $100 million so far from investors including 808 Ventures, Zing Capital, and 369 Growth Partners.
Safe Superintelligence — $1 billion: Founded in 2024 by Open AI co-founder Ilya Sutskever, this AI research company quickly attracted $1 billion for a valuation that was set at $5 billion. Interestingly, the investors are Nividia, Sequoia, and a16z, as per Pitchbook.
24M Technologies — $1.3 billion: Founded in 2010 to create batteries, according to Crunchbase, this firm has managed to raise an $87 million Series H that priced the company at $1.3 billion. Other investors include Volkswagen Group and FujiFilm, as Pitchbook shows.
Twelve -$1 billion: Founded in 2015 to make clean jet fuel, it raised a $200 million Series C, valuing it at $1 billion. Investors include TPG, Capricorn Investment Group, and Pulse Fund, according to Crunchbase.
August
Groq — $2.8 billion: Founded in 2016, AI chip startup Groq in August raised a $640 million funding round led by Blackrock, valuing the company at $2.8 billion. The company overall has raised more than $1 billion. Other investors include Type One Ventures and Samsung Catalyst Fund.
Altana Technologies-$1 billion: Founded in 2018, the global supply chain company raised a series C of $221.4 million, valuing the company at $1 billion, according to PitchBook. So far, the company has raised more than $340 million from investors such as Salesforce Ventures and GV.
Story Protocol-$2.45bn This blockchain company was founded in 2022 and raised an $80m in Series B by a16z, valuing the company at $2.25 billion according to Crunchbase. "Other investors include Foresight Ventures and Samsung NEXT Ventures", PitchBook notes.
EliseAI — $1 billion: This AI property management platform was founded in 2017 and last raised a $75 million Series D, valuing the company at $1 billion, according to Pitchbook. Thus far, the company has raised $171.9 million from investors such as Sapphire Ventures and Point72 Ventures.
Codeium — $1.3 billion: The AI code completion and chat tool founded in 2021 has raised a $150 million Series C, Pitchbook reports, which valued the company at $1.25 billion. The sum includes money the company has raised from more than $240 million, from investors including Founders Fund and Base Case Capital.
HomeLight — $1.7 billion: This real estate marketplace was founded in 2012 and raised a $235 million Series D that valued the company at $1.7 billion, according to Pitchbook. Through six rounds, it has raised $524 million to-date from investors including GV, Menlo Ventures, and TriplePoint Capital.
July
Aven — $1 billion: Aven is a three-year-old consumer credit card company founded in 2019. It recently closed its $142 million Series D, led by Khosla Ventures and General Catalyst, which has pushed the company to a $1 billion valuation, says CB Insights.
Flo Health — $1 billion: This fertility tracking app announced a $200 million Series C that has taken the company value over $1 billion, according to TechCrunch. Founded in 2015, the company has raised more than $290 million so far from investors that include General Atlantic.
Altana Technologies — $1 billion: The global supply chain management company, founded in 2018, raised a $200 million Series C funding round that priced the firm at $1 billion. Salesforce Ventures and the US Innovative Technology Fund joined the round. According to PitchBook, the company has raised about $322 million.
Chainguard - $1.1 billion: This cybersecurity company announced $140 million Series C funding, putting its value at $1.12 billion. Established in 2021, Chainguard has secured more than $256 million from its investors among which include Sequoia Capital, Lightspeed Venture Partners, and Redpoint Ventures.
Harvey — $1.5 billion: This platform for Legal AI raised a $100 million round, led by Google Ventures, OpenAI, Kleiner Perkins, Sequoia Capital, which put its valuation at $1.5 billion. It has raised $206 million so far.
Saronic Technologies — $1 billion: Saronic, maker of autonomous surface vessels for defense tech, raised a $175 million Series B at a $1 billion valuation; backed by Andreessen Horowitz, 8VC, Caffeinated Capital and Elad Gil, among others, it has now raised $244.5 million to date, according to PitchBook.
June
Creatio: $1.2 billion: This workflow automation platform, founded in 2014, had previously raised a $200 million funding round led by Sapphire Ventures, valuing the company at $1.2 billion, according to TechCrunch. According to Pitchbook, the company has raised more than $260 million.
Huntress — $1.55 billion: The managed cybersecurity start-up with extended detection and response (EDR) technology closed a $150 million Series D, valuing the company at $1.55 billion. The firm has raised over $300 million to date. Launched in 2015, it has heavy hitters on its cap table, according to PitchBook, including Kleiner Perkins and Sapphire Ventures.
xAI — $24 billion Launched just last year by Elon Musk, this AI startup already has an $24 billion valuation with the closing of a $6 billion Series B led by Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia. xAI provides the multimodal large language model called Grok.
BillionToOne — $1 billion: This disease-screening genetic testing company raised a $130 million Series D, Crunchbase reveals, valuing the company at $1 billion.
May
Altruist-$1.5 billion This Fintech startup offers investment management for independent registered investment advisers; it was launched in 2018. In May, the company closed a $169 million Series E led by ICONIQ Growth, valuing the company at $1.5 billion. PitchBook also reported that Insight Partners and Endeavor Catalyst have invested in the company so far. The company has secured over $450 million in funding up to date.
Weka — $1.6 billion: A SaaS company that specializes in AI use cases, Weka recently closed a $140 million Series E, which gives it a valuation of $1.6 billion, per PitchBook. Founded in 2013, the company has raised around $375 million so far from investors such as Valor Equity Partners, Generation Investment Management, and Nvidia.
Farcaster — $1 billion: The open-source, blockchain-based social-media startup closed a $150 million Series A led by Paradigm, putting it at a post-money valuation of $1 billion. Launched in 2021, it's backed by a16z and Union Square Ventures and has raised more than $180 million in funding to date, according to PitchBook.
Sigma Computing — $1.5 billion: This AI-powered big data analytics company has brought in a round that put its valuation at $1.5 billion. The company has raised almost $560 million to date, Crunchbase reported.
Humanity Protocol — $1 billion: This blockchain-based palm-scanning identity startup from 2023 raised a seed round of $30 million, which gives it a post-money valuation of $1 billion. That's it; in fact, the company has raised $30 million total from investors to date, according to PitchBook, namely hedge fund Ash Park Capital and Aza Ventures.
April
Cyera — $1.5 billion: Data security firm Cyera raised a $300 million Series C in April, PitchBook said, valuing the company at $1.5 billion. Based 2021, the company has so far raised $460 million in funding from investors like Redpoint Ventures and Accel.
Monad Labs — $3 bn: Monad, which is developing a faster version of the Ethereum blockchain, has raised a Series A worth $225 m in April to take its valuation to $3 billion. The company has so far raised more than $244 m from investors, who include Amber Group and Artichoke Capital.
Nexamp -$1.5 billion: This clean-energy company raised a $520 million funding round with a mix of debt and venture financing that valued the company at $1.08 billion, according to PitchBook. It was founded in 2007 and has since raised a little more than $1.31 billion in funding.
Grow Therapy- $1.4 billion: This health tech firm, which launched in 2020, is focused on locating therapists. In April, PitchBook reported that the firm had raised an $88 million Series C round, valuing the company at $1.4 billion. To date, almost $180 million has been invested in the firm from a variety of investors including Sequoia, Goldman Sachs, and actress Anna Kendrick.
Cognition AI - $2 billion: Cognition, which is building an AI software engineer called Devin, raised a $175 million Series B in April to take the value of the company to $2 billion, according to PitchBook. The Palo Alto, California, company, founded in 2023, has to date taken $196 million from investors that include Founders Fund, Khosla Ventures, and Pear.
Xaira Therapeutics –$2.7 billion This AI-driven drug discovery startup was founded in 2023 and had launched with a massive $1 billion Series A in April, valuing it at $2.7 billion. The company has had a total fund raise worth $1 billion from investors ARCH Venture Partners, Foresite Capital, Menlo Ventures, Lux Capital, and New Enterprise Associates.
Flip – $1.19 Billion: The 2019-founded social commerce company had raised a $144 million Series C that valued the company at $1.19 billion, according to PitchBook. The company has raised more than $300 million in venture investments from investors that also include ad tech behemoth AppLovin, Streamlined VC and Mubadala sovereign wealth fund, thus far.
March
io.net - $1 billion: This cloud service, which launched in 2019, deploys GPUs from data centers and cryptocurrency miners into a decentralized network that can be leveraged by AI models (it was previously aimed at quants trading). PitchBook reports that the company closed its Series A in March, raising $33 million and valuing the firm at $1 billion. The company has raised only $35 million so far, with investors 6th Man Ventures, Foresight Ventures, and ArkStream Capital. Perplexity — $1 billion: The renowned AI search engine that ran a $73.6 million Series B in January at a $520 million valuation and then closed an additional $62.7 million in April, doubling Perplexity valuation to $1.04 billion. So far, the firm has raised $165 million.
Octane-$1.1 billion: The funding platform for the immediacy finance of mowers and recreation vehicles raised $50 million in April, exchanging this time on a post-money valuation of $1.11 billion. Since its founding in 2014, the firm has taken in roughly $250 million in funding, with a minority of that coming from the likes of Progressive and Gaingels, according to PitchBook.
Celestial AI - $1.2 bn: The AI company just raised a $175 million Series C in March, valuing it at $1.2 billion, led by USIT fund from billionaire Thomas Tull. To date, the firm has raised about $339 million in investments coming from Koch Disruptive Technologies, Temasek, AMD, Samsung Catalyst Fund and Porsche Automobil Holding.
IntraBio — $1 billion: Intra bio, a neurodegenerative diseases drug discovery company, raised a $40 million round of funding in March that reportedly valued it at $1 billion, according to Crunchbase. It has secured more than $50 million worth of funding so far.
Liquid Death — $1.4 billion: TechCrunch reported that the beverage startup's last round of $67 million had valued the company at $1.4 billion. By Crunchbase, Liquid Death has raised more than $260 million in funding.
February
Blink Health: $1.3 billion This online pharmacy was founded in 2014 and raised private equity funding worth $81 million, attaching a post-money valuation of $1.28 billion. Having raised investment from both private and venture capital, the firm has raised over $250 million in funding to date, according to PitchBook. Investors listed include 8VC and BoxGroup.
NinjaOne - $1.9 billion: The developer of software for the management and security of mobile devices brought in a $231 million Series C in February, the company said, putting its post-money valuation at $1.9 billion. It has raised $282.7 million to date from investors, according to PitchBook, including ICONIQ Growth.
Ascend Elements — $1.6 billion: This sustainable battery company said in February that it raised a $162 million round. That gives the company a post-money valuation of $1.61 billion, according to PitchBook. The company has so far collected more than $1 billion in funding from investors such as Just Climate, Clearvision Ventures and Irongrey.
Lambda — $1.5 billion: This GPU cloud computing platform for AI applications raised a $320 million Series C in February at a post-money valuation of $1.52 billion. It then raised another $800 million round in July, PitchBook wrote. The company has raised just shy of $900 million with Garry Tan, Bloomberg Beta, and Alumni Ventures as investors.
EigenLayer – $1.1 billion: EigenLayer is developing a new Ethereum application called staking, which uses Ether tokens as a security token. The company launched in 2021; it raised a $100 million Series B in February, led by a16z, PitchBook reports, and reached a $1 billion valuation. The firm has raised a little over $160 million in venture funding, with other backers including Blockchain Capital and Apollo Crypto.
Figure – $2.6 billion: The manufacturer of humanoid robots raised a $675 million Series B in February and valued itself at $2.6 billion. Figure collectively raised nearly $850 million in venture capital, bringing investments from Bezos Expeditions, Calm Ventures, Intel, Nvidia, OpenAI, and Microsoft, according to PitchBook.
Together AI — $1.25 billion: A cloud service to run open source models of AI models, the company raised a $106 million round led by Salesforce Ventures, giving the company a post-money valuation of $1.25 billion. As PitchBook reports, Together AI has raised more than $232 million in venture funding from investors, including Hugging Face, NEA Partners, and 137 Ventures.
Bugcrowd — $1 billion: This crowdsourced bug-fixing cybersecurity platform recently raised a $102 million Series E in February led by General Catalyst, which valued the company at $1 billion according to Crunchbase. To date, it has raised more than $180 million.
January
ElevenLabs — $1 billion: The AI text-to-speech generator startup focuses on language dubbing. The company in January said it raised an $80 million Series B, setting the post-money valuation at $1 billion. Crunchbase lists ElevenLabs's total raised at $101 million and its investor list as including a16z, Sequoia, and SV Angel.
Quantinuum — $5.3 Billion: The quantum computing cloud service founded in 2021 raised a $300 million round in January led by Honeywell, valuing the company at $5.3 billion according to Crunchbase. According to PitchBook, some of the backers include IMB Ventures and JPMorgan Chase.
Zūm — $1.3 billion: The school transportation fleet management startup closed a $140 million Series E round in January, led by Singapore firm GIC, valuing Zūm at $1.3 billion, the company said. It has raised $350 million according to Crunchbase.