So far in 2025, no fewer than 80 new technology unicorns have emerged

Rising Unicorn Startups: 2024 Overview

The surge in artificial intelligence has sparked a wave of investor excitement, resulting in a steady stream of startups reaching unicorn status each month.

Drawing on insights from Crunchbase and PitchBook, we've compiled a list of venture-backed companies that have crossed the $1 billion valuation threshold this year. While AI dominates the landscape, notable newcomers from sectors like satellite technology and blockchain trading—such as Loft Orbital and Kalshi—are also making headlines.

This roundup is continually refreshed, so revisit often for updates on the newest billion-dollar startups.

November

• Genspark – $1.25 billion: Specializing in AI agents for task automation, Genspark secured $275 million in Series B funding, led by Emergence Capital Partners and LV Technology Ventures. Founded in 2023, the company now boasts a $1.25 billion valuation.
• Gamma – $2.1 billion: Gamma develops AI-powered tools for creating visuals and websites. A $68 million Series B led by a16z propelled its valuation to $2.1 billion. The company launched its first product in 2022.

October

• Modal – $1.1 billion: This AI cloud platform, established in 2021, recently raised $87 million in Series B funding, with Lux Capital and Redpoint Ventures among its backers. Total funding now stands at approximately $110 million.
• Fireworks AI – $4 billion: Focused on infrastructure for open-source AI models, Fireworks AI was founded in 2022 and has raised over $320 million, including a $250 million Series C. Investors include Benchmark Capital and Index Ventures.
• Substrate – $1 billion: Founded in 2022, Substrate is a semiconductor manufacturing startup that raised $100 million in seed funding, reaching a $1 billion valuation. Valor Equity Partners and Founders Fund are among its investors.
• Shop My – $1.5 billion: This marketing and affiliate platform, launched in 2020, has raised over $160 million, including a $70 million Series B. Bain Capital Ventures and Bessemer Venture Partners are key backers.
• LangChain – $1.3 billion: LangChain, an agent engineering platform founded in 2022, has secured $160 million to date, with a $125 million Series B led by Sequoia and Benchmark Capital.
• New Limit – $1.6 billion: Specializing in precision medicine, New Limit was founded in 2021 and has raised over $240 million, including a $45 million round. Kleiner Perkins is a major investor.
• Tempo – $5 billion: This blockchain payments company, established in 2025, raised $500 million in Series A funding. Thrive Capital is among its investors.
• Lila – $1.3 billion: Lila, focused on scientific discovery in life sciences, was founded in 2023 and has raised more than $170 million, including a $235 million Series A. Investors include Braidwell and Collective Global.
• Reflection – $8 billion: Founded in 2024, Reflection develops open foundation models and has raised $2.2 billion, including a $2 billion Series B. Partners include Light Speed Venture Partners, Nvidia, and Sequoia.
• Stoke – $2 billion: Stoke, a sustainable rocket company founded in 2019, has raised about $1 billion, including a $610 million Series D. Investors include MaC Venture Capital and the US Innovation Technology Fund.
• Apex – $1 billion: Apex, established in 2022, builds satellites using off-the-shelf components. The company has raised over $500 million, including a $200 million Series D, with Andreessen Horowitz and 8VC as investors.

September

• You.com – $1.5 billion: You.com provides enterprise AI solutions to help businesses leverage artificial intelligence. Founded in 2020, it has raised over $190 million, including a $100 million Series C, with Time Ventures and Cox Enterprises as investors.
• Enveda – $1.2 billion: Enveda, a drug discovery analytics platform launched in 2019, has raised $520 million, including a $150 million Series D. Lux Capital and True Ventures are among its supporters.
• Filevine – $3 billion: Filevine, a legal case management software provider founded in 2014, has raised $260 million in Series E funding, with Accel and Insight Partners as investors.
• Baseten – $2.2 billion: Baseten, established in 2019, assists businesses with AI model deployment and has raised over $280 million, including a $150 million Series D. Investors include Greylock and Spark Capital.
• PsiQuantum – $7 billion: PsiQuantum, founded in 2015, is developing quantum computers and has raised around $1.7 billion, including a $1 billion Series E. Backers include BlackRock, Founders Fund, and Redpoint Ventures.
• Invisible – $2 billion: This AI technology integrates with manufacturing software to analyze movement on factory floors. Founded in 2015, Invisible has raised more than $120 million, including a $100 million round, with Vanara Capital as an investor.
• Flying Tulip – $1 billion: Launched in 2025, Flying Tulip is a decentralized trading platform that raised $200 million in seed funding. CoinFund Management and Susquehanna Capital are among its investors.
• Distyl – $1.8 billion: Distyl, founded in 2022, provides AI-native workflow automation for businesses. The company has raised over $200 million, including a $175 million Series B, with Khosla Ventures and Lightspeed Venture Partners as backers.
• Modular – $1.6 billion: Modular offers AI infrastructure solutions for enterprises, allowing system updates without full-scale disruption. Founded in 2022, it has raised about $380 million, including a $250 million round, with General Catalyst and GV as investors.
• Thyme Care – $1.5 billion: Thyme Care, an oncology platform founded in 2020, has raised around $280 million, including a $97 million Series D. Investors include a16z and Concord Health Partners.
• Strive Health – $1.8 billion: Strive Health, launched in 2018, collaborates with clinicians to provide kidney care. The company has raised $300 million in Series D funding, with NEA as an investor.
• Base – $4 billion: Base equips homes with backup battery systems. Founded in 2023, it has raised over $1.3 billion, including a $1 billion Series C. Investors include a16z and Valor Equity Partners.
• Eve – $1.1 billion: Eve is a legal AI platform that assists with intake, evaluation, and drafting. Founded in 2020, it has raised more than $160 million, including a $103 million Series B, with a16z and Lightspeed Venture Partners as investors.
• Posthog – $1.4 billion: Posthog, a devops tools provider founded in 2020, has raised over $180 million, including a $75 million Series E. GV and YC are among its investors.

August

• Shrapnel – $1.1 billion: Shrapnel, a video game developer founded in 2014, has raised more than $38 million, including a $19.5 million Series A. Investors include Gala Games and Griffin Gaming Partners.
• Fal – $4 billion: Fal, established in 2021, provides tools for developers to create images, video, and audio. The company has raised over $440 million, including a $250 million late-stage round, with a16z, Kindred Ventures, and Sequoia Capital as investors.
• CompanyCam – $2 billion: CompanyCam, founded in 2015, offers project management solutions using AI for job site efficiency. The company has raised over $450 million, including a $415 million Series C, with B Capital Group and Insight Partners as backers.
• Field AI – $2 billion: Field AI, launched in 2023, enables autonomous robot operations and has raised over $500 million, including a $315 million round. Investors include Khosla Ventures and Bezos Expeditions.
• Periodic Labs – $1 billion: This material science startup, founded in 2024, raised $300 million in seed funding with a16z as an investor.
• Polymarket – $9 billion: Founded in 2017, Polymarket is a trading and betting platform that has raised over $2 billion, with General Catalyst and Founders Fund among its investors.

July

• Castellion – $2.8 billion: Castellion develops scalable military strike systems. Founded in 2022, it has raised over $460 million, including a $350 million Series B, with a16z and Lightspeed Venture Partners as investors.
• Also – $1 billion: Also, an electric mobility company incubated at Rivian and founded in 2025, has raised over $300 million, including a $200 million round. Investors include Greenoaks Capital and Eclipse Ventures.
• MaintainX – $2.5 billion: MaintainX, a management software provider founded in 2018, has raised over $240 million, including a $150 million Series D. Bain Capital Ventures and Bessemer Venture Partners are among its investors.
• Tala Health – $1.2 billion: Tala Health, founded in 2025, uses AI for personalized virtual healthcare. The company has raised over $100 million, including a $100 million seed round.
• Substack – $1.1 billion: Substack, a newsletter platform launched in 2017, has raised over $200 million, including a $100 million Series C, with a16z as an investor.
• Erebor – $2 billion: Erebor, a stealth-mode company founded in 2025, works with crypto clients and startups. It has raised over $250 million, including a $250 million seed round, with Founders Fund as an investor.
• Reka – $1 billion: Reka, an AI model builder founded in 2022, has raised over $160 million, including a $110 million early-stage round. Investors include Snowflake and Nvidia.
• OnXmaps – $1.4 billion: OnXmaps, a mobile mapping company founded in 2009, has raised over $380 million, including a $280 million Series C. Summit Partners is a key investor.
• Ambience – $1.25 billion: Ambience, an AI medical scribe company founded in 2020, has raised over $340 million, including a $243 million Series C. Investors include OpenAI Startup Fund, a16z, and Kleiner Perkins.
• Anaconda – $1.5 billion: Anaconda, an open-source AI workflow platform founded in 2012, has raised over $220 million, including a $150 million Series C. General Atlantic and GIC Private are among its investors.

June

• Linear – $1.25 billion: Linear, a product management tool for software development, was founded in 2019 and has raised over $130 million, including an $82 million Series C. Investors include Accel and Sequoia Capital.
• Gecko – $1.62 billion: Gecko, established in 2013, creates robotic systems for data collection and has raised over $340 million, including a $121 million Series D. Cox Enterprises and Drive Capital are among its backers.
• Meter – $1.25 billion: Meter, founded in 2015, provides managed internet infrastructure for enterprises and has raised over $250 million, including a $170 million Series C. Investors include General Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom.
• Teamworks – $1.25 billion: Teamworks, a sports software company founded in 2006, has raised over $400 million, including a $247 million Series F. Seaport Capital and General Catalyst are investors.
• Thinking Machines – $10 billion: Founded in 2023 by OpenAI alum Mira Murati, this AI research company raised $2 billion in seed funding, with a16z and Nvidia as investors.
• Kalshi – $2 billion: Kalshi, a prediction markets company founded in 2018, has raised over $290 million, including a $185 million Series C. Sequoia and Global Founders Capital are among its backers.
• Decagon – $1.5 billion: Decagon, an AI-powered customer service agent company founded in 2023, has raised over $231 million, including a $131 million Series C. Investors include a16z and Accel.

May

• Pathos – $1.6 billion: Pathos, a drug development company founded in 2020, has raised over $460 million, including a $365 million Series D. Investors include General Catalyst and Altimeter Capital Management.
• Statsig – $1.1 billion: Statsig, a product development platform founded in 2021, has raised around $153 million, including a $100 million Series C. Investors include Sequoia, Madrona, and ICONIQ Growth.
• Function – $2.5 billion: Function, a health tech company founded in 2020, has raised over $250 million, including a $200 million round. a16z is among its investors.
• SpreeAI – $1.5 billion: SpreeAI, founded in 2020, has raised over $20 million, with its most recent round valuing the company at $1.5 billion. The Davidson Group is an investor.
• Owner – $1 billion: Owner, a restaurant marketing software company founded in 2018, has raised over $180 million, including a $120 million Series C. Investors include Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital.
• Awardco – $1 billion: Awardco, an employee engagement platform founded in 2012, has raised over $230 million, including a $165 million Series B. General Catalyst is a key investor.

April

• Nourish – $1 billion: Nourish, a telehealth platform for dietitians founded in 2020, has raised over $100 million, including a $70 million Series B. Index Ventures and Thrive Capital are investors.
• Chapter – $1.38 billion: Chapter, a Medicare guidance health tech company founded in 2013, has raised $186 million, including a $75 million Series D. Investors include XYZ Venture Capital and Narya.
• Threatlocker – $1.2 billion: Threatlocker, a data protection company based in Orlando and founded in 2017, has raised over $200 million, including a $60 million Series E. General Atlantic and StepStone Group are among its backers.
• Cyberhaven – $1 billion: Cyberhaven, a data detection startup launched in 2015, has raised over $200 million, including a $100 million Series D. Khosla Ventures and Redpoint Ventures are investors.

March

• Fleetio – $1.5 billion: Fleetio, an Alabama-based fleet management software company founded in 2012, has raised $624 million, including a $454 million Series D. Investors include Elephant and Goldman Sachs Alternatives.
• The Bot Company – $2 billion: The Bot Company, a robotics platform founded in 2024, has raised $300 million, including a $150 million early-stage round.
• Celestial AI – $2.5 billion: Celestial AI, based in California and launched in 2020, has raised over $580 million, including a $250 million Series C led by Fidelity. BlackRock and Engine Ventures are investors.
• Underdog Fantasy – $1.3 billion: Underdog Fantasy, a sports gaming company founded in 2020, has raised over $100 million, including a $70 million Series C. Spark Capital is an investor.
• Build Ops – $1 billion: Build Ops, a software company launched in 2018, has raised $273 million, including a $122.6 million Series C. Investors include Founders Fund and Fika Ventures.
• Insilico Medicine – $1 billion: Insilico Medicine, a drug research company founded in 2014, has raised over $500 million, including a $110 million Series E. Investors include Lilly Ventures and Value Partners Group.
• Olipop – $2 billion: Olipop, a probiotic soda company founded in 2018, has raised $243 million, including a $137.9 million Series C. Scoop Ventures and J.P. Morgan Growth Equity Partners are investors.
• Peregrine – $2.5 billion: Peregrine, a data analysis and integration platform launched in 2017, has raised over $250 million, including a $190 million Series C. Sequoia and Fifth Down Capital are among its backers.
• Assured – $1 billion: Assured, an AI-driven claims processing company launched in 2019, has raised over $26 million, including a $23 million Series B. ICONIQ Capital and Kleiner Perkins are investors.

February

• Abridge – $2.8 billion: Abridge, a medtech company founded in 2018, has raised over $460 million, including a $250 million Series D. Investors include Elad Gil and IVP.
• OpenEvidence – $1 billion: OpenEvidence, a medtech startup founded in 2017, has raised $135 million, including a $75 million Series A. Sequoia Capital is an investor.
• Hightouch – $1.2 billion: Hightouch, a data platform founded in 2018, has raised $171 million, including an $80 million Series C. Sapphire Ventures and Bain Capital Ventures are among its investors.

January

• Kikoff – $1 billion: Kikoff, a personal finance platform founded in 2019, has raised $42.5 million, with Female Founders Fund, Lightspeed Venture Partners, and Steph Curry as investors.
• Netradyne – $1.35 billion: Netradyne, a computer vision startup founded in 2015, raised $90 million in Series D funding led by Point72 Ventures.
• Hippocratic AI – $1.6 billion: Hippocratic AI, a healthcare model developer founded in 2023, raised $141 million in Series B funding led by Kleiner Perkins.
• Truveta – $1 billion: Truveta, a genetic research company founded in 2020, has raised $320 million, with Microsoft and Regeneron Pharmaceuticals as investors.
• Clay – $1.25 billion: Clay, an AI sales platform founded in 2017, has raised over $100 million, including a $40 million Series B. Investors include Sequoia, First Round, Boldstar, and Box Group.
• Mercor – $2 billion: Mercor, a contract recruiting startup founded in 2022, has raised $100 million in Series B funding. Investors include Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund.
• Loft Orbital – $1 billion: Loft Orbital, a satellite company founded in 2017, raised $170 million in Series C funding. Investors include Temasek, Uncork Capital, and Tikehau Capital.

This article was first published in February and is regularly updated with new unicorn startups as they emerge.