Despite the challenging venture capital market, new unicorns are emerging every month.
Through comprehensive research from Crunchbase, CB Insights, and PitchBook, TechCrunch has identified the latest unicorns of the year. The list includes exciting new companies like Elon Musk’s xAI, which already boasts a staggering $24 billion valuation, along with several AI startups. Additionally, success stories span across cybersecurity, health tech, and fintech sectors. Stay tuned as this list continues to evolve throughout the year to witness the rise of new powerhouses!
July
Aven — $1 billion: Aven, a consumer credit card company founded in 2019, reached a $1 billion valuation after securing a $142 million Series D led by Khosla Ventures and General Catalyst, as reported by CB Insights.
Flo Health — $1 billion: This fertility-tracking app announced a $200 million Series C, valuing the company at over $1 billion. Founded in 2015, Flo Health has raised more than $290 million in total funding, with investors including General Atlantic.
Altana Technologies — $1 billion: Altana Technologies, a global supply chain management company established in 2018, closed a $200 million Series C, reaching a $1 billion valuation. Investors include Salesforce Ventures and the US Innovative Technology Fund, with total funds raised amounting to around $322 million according to PitchBook.
Chainguard — $1.1 billion: This cybersecurity firm announced a $140 million Series C, valuing the company at $1.12 billion. Founded in 2021, Chainguard has amassed over $256 million in funding from investors such as Sequoia Capital and Lightspeed Venture Partners.
Harvey — $1.5 billion: Legal AI platform Harvey secured a $100 million round from investors like Google Ventures, OpenAI, Kleiner Perkins, and Sequoia Capital, raising its valuation to $1.5 billion with a total funding of $206 million.
Saronic Technologies — $1 billion: Saronic Technologies, a defense tech manufacturer of autonomous surface vessels, closed a $175 million Series B at a $1 billion valuation, led by Andreessen Horowitz. Total funding for the company now stands at $244.5 million.
June
Huntress — $1.6 billion: Managed cybersecurity startup Huntress, specializing in extended detection and response (EDR) tech, closed a $180 million Series D, valuing the company at $1.55 billion. To date, Huntress has raised almost $300 million, with investors including Kleiner Perkins and Sapphire Ventures.
xAI — $24 billion: xAI, an AI startup founded last year by Elon Musk, already commands a $24 billion valuation following a $6 billion Series B round backed by investors like Andreessen Horowitz and Craft Ventures.
BillionToOne — $1 billion: Disease-screening genetic testing company BillionToOne raised a $130 million Series D round, valuing the company at $1 billion.
May
X Altruist — $1.5 billion: Fintech startup X Altruist, offering investment management for independent registered investment advisers since 2018, secured a $169 million Series E in May, led by ICONIQ Growth, valuing the company at $1.5 billion.
Weka — $1.6 billion: SaaS data storage company Weka, known for AI use cases, closed a $140 million Series E, valuing the company at $1.6 billion. The company has raised approximately $375 million to date with investors like Valor Equity Partners and Generation Investment Management.
Farcaster — $1 billion: Open-source, blockchain-based social media startup Farcaster secured a $150 million Series A, resulting in a $1 billion valuation. Launched in 2021, Farcaster has raised over $180 million in funding, backed by investors such as a16z and Union Square Ventures.
Sigma Computing — $1.5 billion: AI-driven big data analytics startup Sigma Computing raised a substantial round in May, valuing the company at $1.5 billion with total funding nearing $560 million.
X Humanity Protocol — $1 billion: Blockchain palm-scanning identity startup X Humanity Protocol raised a $30 million seed round, reaching a post-money valuation of $1 billion, securing all funding from investors like Ash Park Capital and Aza Ventures.
April
Cyera — $1.5 billion: Data security provider Cyera closed a $300 million Series C in April, valuing the company at $1.5 billion. Founded in 2021, Cyera has raised $460 million in funding from investors such as Redpoint Ventures and Accel.
Monad Labs — $3 billion: Monad Labs, focused on a faster Ethereum blockchain version, raised a $225 million Series A in April, valuing the company at $3 billion. Total investments in Monad Labs exceed $244 million from backers like Amber Group and Artichoke Capital.
Nexamp — $1.5 billion: Clean-energy company Nexamp raised a $520 million round through a mix of debt and venture funding, valuing the company at $1.08 billion. With investments totaling over $1.31 billion to date, Nexamp continues to influence the clean energy sector.
Grow Therapy — $1.4 billion: Health tech startup Grow Therapy, specializing in therapist-finder services, secured an $88 million Series C in April, valuing the company at $1.4 billion. Backed by investors like Sequoia and Goldman Sachs, Grow Therapy has raised close to $180 million in funding.
Cognition AI — $2 billion: AI software company Cognition AI raised a significant round in April, reaching a $2 billion valuation. With almost $560 million in total funding, Cognition AI is reshaping the big data analytics landscape.
Xaira Therapeutics — $2.7 billion: AI drug discovery startup Xaira Therapeutics marked an outstanding debut with a $1 billion Series A in April, securing significant funding from ARCH Venture Partners, Foresite Labs, and other key investors.
Flip — $1.19 billion: Social commerce platform Flip, established in 2019, closed a $144 million Series C, valuing the company at $1.19 billion. With total funding exceeding $300 million, Flip is on the path to transforming social commerce.
March
io.net — $1 billion: Cloud service provider io.net, founded in 2019, secured a $33 million Series A in March, valuing the company at $1 billion. With total investments amounting to $35 million, io.net is paving the way for innovative cloud computing solutions.
Perplexity — $1 billion: AI search engine Perplexity raised a $73.6 million Series B in January at a $520 million valuation, followed by an additional $62.7 million in April, doubling the company’s valuation to $1.04 billion.
Octane — $1.1 billion: Instant financing company Octane secured a $50 million investment in April, reaching a post-money valuation of $1.11 billion. Since its launch in 2014, Octane has raised around $250 million from investors like Progressive and Gaingels.
Celestial AI — $1.2 billion: AI firm Celestial AI closed a $175 million Series C in March, valuing the company at $1.2 billion with billionaire Thomas Tull’s USIT fund leading the round. With $339 million in total funding from investors like Koch Disruptive Technologies and AMD, Celestial AI is making significant strides in the AI domain.
IntraBio — $1 billion: Neurodegenerative diseases drug discovery company IntraBio raised $40 million in March, valuing the company at $1 billion. With total funding exceeding $50 million, IntraBio continues to develop groundbreaking therapies in the healthcare sector.
Liquid Death — $1.4 billion: Beverage startup Liquid Death gained attention with a last round of $67 million, valuing the company at $1.4 billion. Liquid Death has raised more than $260 million, establishing a strong presence in the beverage industry.
February
Blink Health — $1.3 billion: Online pharmacy Blink Health secured $81 million in private equity funding in February, reaching a post-money valuation of $1.28 billion. With over $250 million in funding and investors like 8VC and BoxGroup, Blink Health is revolutionizing the online pharmacy landscape.
NinjaOne — $1.9 billion: Mobile device management and security company NinjaOne raised a $231 million Series C in February, achieving a $1.9 billion post-money valuation. NinjaOne has raised $282.7 million from investors such as ICONIQ Growth, reshaping mobile security solutions.
Ascend Elements — $1.6 billion: Sustainable battery company Ascend Elements secured a $162 million round in February, resulting in a post-money valuation of $1.61 billion. With over $1 billion in funding from investors like Just Climate and Clearvision Ventures, Ascend Elements is making strides in sustainable battery development.
Lambda Labs — $1.5 billion: GPU cloud computing platform Lambda Labs, catering to AI applications, raised a $320 million Series C in February, reaching a post-money valuation of $1.52 billion. With nearly $900 million in funding, Lambda Labs is driving innovation in cloud computing for AI.
EigenLayer — $1.1 billion: Ethereum project EigenLayer secured a $100 million Series B in February, led by a16z, valuing the company at $1 billion. With total funding exceeding $160 million, EigenLayer is shaping the future of Ethereum through staking projects.
Figure — $2.6 billion: Humanoid robot company Figure raised a $675 million Series B in February, achieving a $2.6 billion valuation. With almost $850 million in funding, Figure has attracted investments from notable backers like Bezos Expeditions and Intel.
Together AI — $1.25 billion: Cloud service provider Together AI raised $106 million in February, with Salesforce Ventures leading the round, resulting in a post-money valuation of $1.25 billion. With investments exceeding $232 million, Together AI is driving AI innovation in cloud computing.
Bugcrowd — $1 billion: Crowdsourced bug-fixing cybersecurity platform Bugcrowd raised a $102 million Series E in February, valuing the company at $1 billion. With investments surpassing $180 million, Bugcrowd is reshaping cybersecurity through innovative crowdsourcing solutions.
January
ElevenLabs — $1 billion: AI startup ElevenLabs, specializing in text-to-speech generation and language dubbing, secured an $80 million Series B in January, reaching a post-money valuation of $1 billion. With investments totaling $101 million, ElevenLabs is revolutionizing AI language applications.
Quantinuum — $5.3 billion: Quantum computing cloud service Quantinuum, founded in 2021, raised a $300 million round in January led by Honeywell, valuing the company at $5.3 billion. With key backers like JPMorgan Chase and IBM Ventures, Quantinuum is driving quantum computing innovation.
Zūm — $1.3 billion: School transportation fleet management startup Zūm closed a $140 million Series E round in January, led by Singapore firm GIC, resulting in a $1.3 billion valuation. With total investments exceeding $350 million, Zūm is transforming school transportation with innovative fleet management solutions.
