Tech Unicorns 2025: Over 80 New Billion-Dollar Companies

The Rise of Unicorn Startups in the Age of AI

The rapid advancement of artificial intelligence is fueling a surge in startup valuations, with more companies achieving unicorn status – a valuation exceeding $1 billion – each month.

Data compiled from Crunchbase and PitchBook reveals a significant trend of venture capital-backed startups reaching this milestone. While a substantial portion of these newly minted unicorns are directly involved in the AI sector, a noteworthy number operate in diverse industries, including satellite technology and blockchain-based trading.

This list is continuously updated to reflect the latest developments, providing a current overview of the most promising startups now valued at over $1 billion.

November

Genspark — $1.25 billion: This innovative company specializes in the development of AI agents designed to automate a variety of tasks. A recent $275 million Series B funding round propelled its valuation to $1.25 billion, as reported by Forbes. Key investors include Emergence Capital Partners and LV Technology Ventures. The company was established in 2023.

Gamma — $2.1 billion: Gamma focuses on creating AI-generated visuals, encompassing everything from websites to presentations. The company announced a $68 million Series B led by a16z, resulting in a $2.1 billion valuation, as previously reported by TechCrunch. Gamma launched its initial product offering in 2022.

October

Modal — $1.1 billion: Founded in 2021, Modal is an AI cloud computing platform. Its latest $87 million Series B funding round established a $1.1 billion valuation, according to Pitchbook. Investors include Lux Capital and Redpoint Ventures, with total funding reaching approximately $110 million.

Fireworks AI — $4 billion: This AI infrastructure platform, specializing in open-source models, was founded in 2022. A recent $250 million Series C funding round brought its valuation to $4 billion, as per Pitchbook. Benchmark Capital and Index Ventures are among its investors, with total funding exceeding $320 million.

Substrate — $1 billion: Established in 2022, this semiconductor fabrication company secured $100 million in seed funding, achieving a $1 billion valuation, according to Pitchbook. Valor Equity Partners and Founders Fund are key investors.

Shop My — $1.5 billion: This marketing and affiliate platform, founded in 2020, recently raised $70 million in a Series B round, resulting in a $1.5 billion valuation, according to Pitchbook. Total funding surpasses $160 million, with Bain Capital Ventures and Bessemer Venture Partners as investors.

LangChain — $1.3 billion: This agent engineering platform, founded in 2022, completed a $125 million Series B funding round, establishing a $1.3 billion valuation, according to Pitchbook. The company has raised around $160 million to date, with Sequoia and Benchmark Capital as investors.

New Limit — $1.6 billion: This precision medicine company, founded in 2021, secured $45 million in funding, valuing it at $1.6 billion, according to Pitchbook. Kleiner Perkins is among its investors, with total funding exceeding $240 million.

Tempo — $5 billion: This blockchain payments company, backed by Thrive Capital, raised $500 million in a Series A round, achieving a $5 billion valuation, according to Pitchbook. The company was founded in 2025.

Lila — $1.3 billion: This life scientific discovery company, founded in 2023, raised $350 million in a Series A round, resulting in a valuation of approximately $1.3 billion, according to Pitchbook. Braidwell and Collective Global are key investors, with total funding exceeding $550 million.

Reflection — $8 billion: A developer of open foundation models, founded in 2024, secured $2 billion in a Series B round, giving it an $8 billion valuation, according to Pitchbook. Light Speed Venture Partners, Nvidia, and Sequoia are partners, with total funding reaching around $2.2 billion.

Stoke — $2 billion: This sustainable rocket company, founded in 2019, raised $610 million in a Series D round, achieving a $2 billion valuation, according to Pitchbook. Investors include MaC Venture Capital and the US Innovation Technology Fund, with total funding reaching approximately $1 billion.

Apex — $1 billion: This company utilizes off-the-shelf components for satellite construction, founded in 2022. A $200 million Series D funding round resulted in a $1 billion valuation, according to Pitchbook. Andreessen Horowitz and 8VC are among its investors, with total funding exceeding $500 million.

September

You.com — $1.5 billion: This enterprise AI platform provides AI solutions to enhance business efficiency. It raised $100 million in a Series C round, achieving a $1.5 billion valuation, according to Pitchbook. Founded in 2020, the company counts Time Ventures and Cox Enterprises as investors, with total funding exceeding $190 million.

Enveda — $1.2 billion: This drug discovery analytics platform, backed by Lux Capital and True Ventures, raised $150 million in a Series D round, resulting in a $1.2 billion valuation, according to Pitchbook. Founded in 2019, the company has raised $520 million to date.

Filevine — $3 billion: This legal case management startup raised $260 million in a Series E round, according to Crunchbase, with Accel and Insight Partners as investors. It was founded in 2014.

Baseten — $2.2 billion: This AI company focuses on model inference, helping businesses build and deploy AI models effectively. Founded in 2019, it raised $150 million in a Series D round, achieving a $2.2 billion valuation, according to Pitchbook. Greylock and Spark Capital are among its investors, with total funding exceeding $280 million.

PsiQuantum — $7 billion: This quantum computing company, aiming to build a “world’s first useful quantum computer,” counts BlackRock, Founders Fund, and Redpoint Ventures as investors, according to Pitchbook. Founded in 2015, it raised $1 billion in a Series E round, with total funding reaching around $1.7 billion.

Invisible — $2 billion: This AI technology integrates into manufacturing software to analyze movement on factory floors. Founded in 2015, it raised $100 million, achieving a $2 billion valuation, according to Pitchbook. Vanara Capital is among its investors, with total funding exceeding $120 million.

Flying Tulip — $1 billion: This decentralized trading platform, founded in 2025, raised $200 million in seed funding, achieving a $1 billion valuation, according to Pitchbook. CoinFund Management and Susquehanna Capital are investors.

Distyl — $1.8 billion: This platform generates and deploys AI-native workflows into business operations. Founded in 2022, it raised $175 million in a Series B round, achieving a $1.8 billion valuation, according to Pitchbook. Khosla Ventures and Lightspeed Venture Partners are investors, with total funding exceeding $200 million.

Modular — $1.6 billion: This AI infrastructure platform allows enterprises to update AI systems without impacting the entire system. It counts General Catalyst and GV as investors, raised $250 million, achieving a $1.6 billion valuation, according to Pitchbook. Founded in 2022, it has raised around $380 million to date.

Thyme Care — $1.5 billion: This oncology platform helps provide personalized cancer care. Founded in 2020, it raised $97 million in a Series D round, achieving a $1.5 billion valuation. a16z and Concord Health Partners are investors, with total funding reaching around $280 million, according to Pitchbook.

Strive Health — $1.8 billion: This kidney care company works with clinicians to improve care for those with kidney disease. It raised $300 million in a Series D round, achieving a $1.8 billion valuation, according to Crunchbase. It was founded in 2018.

Base — $4 billion: This company equips homes with backup home batteries. Founded in 2023, it raised $1 billion in a Series C round, achieving a $4 billion valuation, according to Pitchbook. a16z and Valor Equity Partners are investors, with total funding exceeding $1.3 billion.

Eve — $1.1 billion: This legal AI platform helps with tasks such as intake and drafting letters. It counts a16z and Lightspeed Venture Partners as investors, raised $103 million in a Series B round, achieving a $1.1 billion valuation, according to Pitchbook. It was founded in 2020 and has raised more than $160 million in funding to date.

Posthog — $1.4 billion: This platform makes devops tools. Founded in 2020, it raised $75 million in a Series E round, achieving a $1.4 billion valuation, according to Pitchbook. The company counts GV and YC as investors, with total funding exceeding $180 million.

August

Shrapnel — $1.1 billion: This video game developer, founded in 2014, has raised more than $38 million in funding from investors including Gala Games and Griffin Gaming Partners, according to Pitchbook. It raised $19.5 million in a Series A round, achieving a $1.1 billion valuation.

Fal — $4 billion: This platform helps developers create images, video, and audio. Founded in 2021, it has raised more than $440 million in funding from investors including a16z, Kindred Ventures, and Sequoia Capital. It raised around $250 million in a late-stage round, achieving a $4 billion valuation.

CompanyCam — $2 billion: This project management platform uses AI to improve job site management efficiency. Founded in 2015, it has raised more than $450 million in funding from investors including B Capital Group and Insight Partners. It raised $415 million in a Series C round, achieving a $2 billion valuation.

Field AI — $2 billion: This AI company helps companies autonomously operate robots. Founded in 2023, it has raised more than $500 million in funding from investors including Khosla Ventures and Bezos Expeditions. It raised $315 million, achieving a $2 billion valuation.

Periodic Labs — $1 billion: This material science company announced a $300 million seed round with a16z as an investor, achieving a $1 billion valuation, Pitchbook estimates. It was founded this year.

Polymarket — $9 billion: Founded in 2017, this trading and betting company has raised more than $2 billion in funding from investors including General Catalyst and Founders Fund, according to Pitchbook.

The continued influx of capital into these innovative startups signals a dynamic and rapidly evolving landscape, driven by the transformative potential of artificial intelligence and related technologies.

June

Linear — $1.25 billion: A product management tool for software development, Linear secured $82 million in its Series C funding round. This valuation brings the company’s total worth to $1.25 billion, as reported by PitchBook. Established in 2019, Linear has accumulated over $130 million in funding from investors such as Accel and Sequoia Capital.

Gecko — $1.62 billion: Specializing in robotic data collection, Gecko creates robots capable of climbing, crawling, swimming, and flying. Founded in 2013, the company’s most recent Series D funding totaled $121 million, resulting in a $1.6 billion valuation, according to PitchBook. To date, Gecko has raised more than $340 million from investors including Cox Enterprises and Drive Capital.

Meter — $1.25 billion: Meter provides managed internet infrastructure services tailored for enterprise-level clients. A recent $170 million Series C funding round valued the company at $1.25 billion, as per PitchBook data. Founded in 2015, Meter has secured over $250 million in funding from investors like General Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom.

Teamworks — $1.25 billion: This company develops software solutions specifically for the sports industry. Teamworks recently completed a $247 million Series F funding round, achieving a $1.25 billion valuation, according to PitchBook. Since its founding in 2006, the company has raised more than $400 million from investors, including Seaport Capital and General Catalyst.

Thinking Machines — $10 billion: An AI research firm, Thinking Machines was founded in the previous year by Mira Murati, a former researcher at OpenAI. The company received a $2 billion seed investment, establishing a valuation of $10 billion, as indicated by PitchBook. Investors include a16z and Nvidia.

Kalshi — $2 billion: Operating within the realm of prediction markets, Kalshi has gained significant popularity. Founded in 2018, the company’s latest Series C funding round raised $185 million, resulting in a $2 billion valuation, according to PitchBook. Kalshi has raised over $290 million in funding to date, with support from investors like Sequoia and Global Founders Capital.

Decagon — $1.5 billion: Decagon focuses on developing AI-powered customer service agents. Established in 2023, the company recently secured $131 million in Series C funding, achieving a $1.5 billion valuation, as reported by PitchBook. Decagon has raised more than $231 million in funding from investors, including a16z and Accel.

May

Pathos — $1.6 billion: Established in 2020, this pharmaceutical development firm secured a $365 million Series D funding round, bringing its valuation to $1.6 billion as reported by PitchBook. To date, the company has accumulated over $460 million in investment, with contributions from firms like General Catalyst and Altimeter Capital Management.

Statsig — $1.1 billion: Founded in 2021, this platform for product development achieved a $1.1 billion valuation following a $100 million Series C raise, according to PitchBook data. Approximately $153 million in funding has been obtained from investors including Sequoia, Madrona, and ICONIQ.

Function — $2.5 billion: This health technology company, launched in 2020, was valued at $2.5 billion after a recent $200 million funding round, as indicated by PitchBook. Total funding secured to date exceeds $250 million, with a16z among its investors.

SpreeAI — $1.5 billion: Having raised $80 million, this company is currently valued at $1.5 billion. Founded in 2020, SpreeAI’s investor base includes the Davidson Group, as per Pitchbook’s records.

Owner — $1 billion: This software provider for restaurant marketing, established in 2018, reached a $1 billion valuation after a $120 million Series C funding round, according to PitchBook. The company has raised over $180 million in total funding from investors such as Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital.

Awardco — $1 billion: This platform focused on employee engagement was valued at $1 billion following a $165 million Series B funding round, as reported by PitchBook. Founded in 2012, the company has secured more than $230 million in funding, with General Catalyst being a key investor.

April Funding Rounds

Nourish secured $1 billion in funding. This telehealth company, specializing in dietitian services, previously completed a $70 million Series B funding round, as reported by PitchBook. Founded in 2020, Nourish has now accumulated over $100 million in investment from firms like Index Ventures and Thrive Capital.

Notable Investments

Chapter, a health tech company focused on guiding individuals through Medicare, achieved a $1.38 billion valuation. Their latest funding round, a $75 million Series D, reflects this growth, according to PitchBook. Since its establishment in 2013, Chapter has raised a total of $186 million from investors including XYZ Venture Capital and Narya.

Threatlocker, a data protection firm headquartered in Orlando, is now valued at $1.2 billion. This valuation follows a $60 million Series E funding round, as detailed by PitchBook. Established in 2017, the company has successfully raised over $200 million in funding, attracting investment from General Atlantic and StepStone Group.

Data Security and Detection

Cyberhaven, a company specializing in data detection and security, reached a $1 billion valuation. A $100 million Series D funding round in April, as reported by PitchBook, propelled the company to this milestone. Launched in 2015, Cyberhaven has secured more than $200 million in funding, with support from investors such as Khosla Ventures and Redpoint Ventures.

These funding events demonstrate continued investor confidence in the telehealth, healthcare guidance, data protection, and cybersecurity sectors.

March Funding Rounds

Fleetio is valued at $1.5 billion. This Alabama-based company develops software solutions designed to streamline fleet operations. Their most recent funding round, a Series D, secured $454 million, as reported by PitchBook. Established in 2012, Fleetio has accumulated $624 million in funding from investors such as Elephant and Growth Equity at Goldman Sachs Alternatives.

The Bot Company achieved a $2 billion valuation. This robotics platform recently completed an early-stage funding round of $150 million, resulting in the aforementioned valuation, according to PitchBook data. Founded in 2024, the company has raised a total of $300 million to date.

Celestial AI is now valued at $2.5 billion. The artificial intelligence firm secured $250 million in a Series C funding round, led by Fidelity, which established its $2.5 billion valuation, as per Crunchbase. Based in California and launched in 2020, Celestial AI’s investors include BlackRock and Engine Ventures. The company has raised over $580 million in capital, according to PitchBook.

Underdog Fantasy has a valuation of $1.3 billion. The sports gaming company’s latest Series C funding round brought in $70 million, valuing the company at $1.3 billion, according to Crunchbase. Founded in 2020, Underdog Fantasy has raised more than $100 million in funding, with Spark Capital among its investors.

Build Ops is valued at $1 billion. This software company completed a $122.6 million Series C funding round, resulting in a $1 billion valuation. Launched in 2018, Build Ops has raised a total of $273 million, as reported by PitchBook, with support from investors including Founders Fund and Fika Ventures.

Insilico Medicine reached a $1 billion valuation. The drug research company raised $110 million in a Series E round, establishing its $1 billion valuation, according to Crunchbase. Founded in 2014, Insilico Medicine has secured over $500 million in capital, with investors including Lilly Ventures and Value Partners Group.

Olipop is valued at $2 billion. This popular probiotic soda company’s recent $137.9 million Series C round resulted in a $1.96 billion valuation. Founded in 2018, Olipop has raised $243 million to date, with investments from Scoop Ventures and J.P. Morgan Growth Equity Partners.

Peregrine achieved a $2.5 billion valuation. This data analysis and integration platform, established in 2017, last raised $190 million in a Series C round, achieving a valuation of $2.5 billion. The company has raised more than $250 million in funding, according to PitchBook, with investors including Sequoia and Fifth Down Capital.

Assured is valued at $1 billion. The AI-powered company, specializing in claims processing, secured $23 million in a Series B funding round, resulting in a $1 billion valuation. Launched in 2019, Assured has raised slightly over $26 million to date, with ICONIQ Capital and Kleiner Perkins among its investors.

February Funding Rounds

Abridge achieved a valuation of $2.8 billion. Established in 2018, this medical technology firm secured $250 million in a Series D funding round, as reported by PitchBook.

To date, Abridge has accumulated over $460 million in funding. Notable investors include Elad Gil and IVP.

OpenEvidence's Growth

OpenEvidence is another medtech company reaching a $1 billion valuation. Founded in 2017, it recently completed a $75 million Series A funding round, according to PitchBook data.

The total funding raised by OpenEvidence currently stands at $135 million. Sequoia Capital is among its key investors.

Hightouch's Data Platform Success

Hightouch, a data platform established in 2018, is valued at $1.2 billion. The company’s latest funding round, a Series C, brought in $80 million, as indicated by PitchBook.

Hightouch has successfully raised $171 million in funding overall. Sapphire Ventures and Bain Capital Ventures are recognized as investors in the platform.

These recent valuations highlight continued investor interest in the medtech and data platform sectors.

January

Kikoff – $1 Billion: Valued at $1 billion in its latest funding round, as reported by PitchBook, this personal finance platform secured an undisclosed investment amount. Established in 2019, the company has accumulated $42.5 million in funding.

Notable investors include Female Founders Fund, Lightspeed Venture Partners, and basketball player Steph Curry.

Netradyne – $1.35 Billion: This computer vision startup, founded in 2015, achieved a $1.35 billion valuation following a $90 million Series D funding round. Data from Crunchbase confirms this valuation.

Point72 Ventures spearheaded the investment in Netradyne.

Hippocratic AI – $1.6 Billion: Creating specialized models for the healthcare sector, this startup was launched in 2023.

A $141 million Series B funding round resulted in a $1.64 billion valuation, as indicated by Crunchbase. Kleiner Perkins led this round of investment.

Truveta – $1 Billion: This genetic research company secured $320 million in funding, establishing a $1 billion valuation, according to Crunchbase.

Founded in 2020, Truveta’s investor base includes corporate venture arms from both Microsoft and Regeneron Pharmaceuticals.

Clay – $1.25 Billion: Operating as an AI-powered sales platform, Clay was founded in 2017.

The company’s $40 million Series B funding round resulted in a valuation of $1.25 billion, as per PitchBook. To date, Clay has raised over $100 million.

Investors include Sequoia, First Round, Boldstar, and Box Group.

Mercor – $2 Billion: This startup focuses on contract-based recruiting services. A $100 million Series B funding round brought the company’s valuation to $2 billion.

Founded in 2022, Mercor’s investors include Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund.

Loft Orbital – $1 Billion: Specializing in satellite technology, Loft Orbital was established in 2017.

The company’s $170 million Series C funding round resulted in a $1 billion valuation, as reported by Crunchbase. Investors in this round included Temasek, Uncork Capital, and Tikehau Capital.

Originally featured in February, this article receives periodic updates with the latest available information.