Despite the tight venture capital market, unicorns are still being created every month.
Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups. But cybersecurity, health tech and fintech have also done well. This list will be updated throughout the year, so check back and see the powerhouses raising this year!
July
Aven — $1 billion: Aven, founded in 2019, is a consumer credit card company. It reached a $1 billion valuation after closing a $142 million Series D led by Khosla Ventures and General Catalyst, according to CB Insights.
Flo Health — $1 billion: This fertility-tracking app announced a $200 million Series C, valuing the company at more than $1 billion, TechCrunch reported. Founded in 2015, the company has raised more than $290 million in total funding from investors, including General Atlantic.
Altana Technologies — $1 billion: This global supply chain management company, founded in 2018, closed a $200 million Series C, valuing it at $1 billion. Investors included Salesforce Ventures and the US Innovative Technology Fund. PitchBook notes the company has raised around $322 million to date.
Chainguard — $1.1 billion: This cybersecurity company announced a $140 million Series C, valuing the company at $1.12 billion. Founded in 2021, Chainguard has raised more than $256 million to date from investors, including Sequoia Capital, Lightspeed Venture Partners, and Redpoint Ventures.
Harvey — $1.5 billion: Legal AI platform Harvey raised a $100 million round from investors, including Google Ventures, OpenAI, Kleiner Perkins, Sequoia Capital, that brought its valuation to $1.5 billion. It has now raised a total of $206 million.
Saronic Technologies — $1 billion: Saronic, a defense tech maker of autonomous surface vessels, raised a $175 million Series B at a $1 billion valuation, led by Andreessen Horowitz, with other backers including 8VC, Caffeinated Capital and Elad Gil. It has now raised $244.5 million to date, according to PitchBook.
June
Huntress — $1.55 billion: The managed cybersecurity startup that offers extended detection and response (EDR) tech closed a $150 million Series D, valuing the company at $1.55 billion. The company has raised a little more than $300 million to date. Launched in 2015, it has top investors on its cap table, including Kleiner Perkins and Sapphire Ventures, according to PitchBook.
xAI — $24 billion: Founded only last year by Elon Musk, this AI startup is already valued at $24 billion after closing a $6 billion Series B backed by investors like Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia. xAI offers the multimodal large language model known as Grok.
BillionToOne — $1 billion: This disease-screening genetic testing company raised a $130 million Series D, according to Crunchbase, valuing the company at $1 billion.
May
Altruist — $1.5 billion: This fintech startup, which offers investment management for independent registered investment advisers, was founded in 2018. It raised a $169 million Series E in May, led by ICONIQ Growth, valuing the company at $1.5 billion. The company has also received investments from Insight Partners and Endeavor Catalyst, according to PitchBook, and has raised more than $450 million to date in funding.
Weka — $1.6 billion: A SaaS data storage company that specializes in AI use cases, Weka closed a $140 million Series E, valuing the company at $1.6 billion, according to PitchBook. Launched in 2013, the company has raised around $375 million to date, with investors including 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, leading to 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-driven big data analytics startup raised a round in May that valued it at $1.5 billion. The company has raised almost $560 million to date, according to Crunchbase.
Humanity Protocol — $1 billion: This blockchain palm-scanning identity startup, founded in 2023, raised a $30 million seed round, giving it a post-money valuation of $1 billion. In total, the company has only raised $30 million from investors, including hedge fund Ash Park Capital and Aza Ventures, according to PitchBook.
April
Cyera — $1.5 billion: Data security provider Cyera raised a $300 million Series C in April, valuing the company at $1.5 billion, according to PitchBook. Founded in 2021, the company has raised $460 million in funding to date from investors, including Redpoint Ventures and Accel.
Monad Labs — $3 billion: Monad, which is working on a faster version of the Ethereum blockchain, raised a $225 million Series A in April, valuing the company at $3 billion. To date, the company has raised more than $244 million from investors, including Amber Group and Artichoke Capital.
Nexamp — $1.5 billion: This clean-energy company raised a $520 million round with a mixture of debt and venture financing that valued the company at $1.08 billion, according to PitchBook. The company, founded in 2007, has raised a little more than $1.31 billion in funding to date.
Grow Therapy — $1.4 billion: This therapist-finder health tech company launched in 2020 and raised an $88 million Series C round in April, according to PitchBook, valuing the company at $1.4 billion. To date, the company has raised almost $180 million in funding from investors, including Sequoia, Goldman Sachs, and actress Anna Kendrick.
Cognition AI — $2 billion: Cognition, which is working on an AI software engineer named Devin, reportedly raised a $175 million Series B in April, valuing the company at $2 billion. To date, the company, founded in 2023, has raised $196 million, according to PitchBook, from investors such as Founders Fund, Khosla Ventures and Pear.
Xaira Therapeutics — $2.7 billion: This AI drug discovery startup, founded in 2023, launched with a huge $1 billion Series A in April, giving it a valuation of $2.7 billion. The company has raised $1 billion in total funding from investors ARCH Venture Partners, Foresite Capital, Menlo Ventures, Lux Capital, and New Enterprise Associates.
Flip — $1.19 billion: This social commerce platform, founded in 2019, raised a $144 million Series C, valuing the company at $1.19 billion, according to PitchBook. To date, the company has raised a little more than $300 million in venture funding from investors, including ad tech giant AppLovin, Streamlined VC, Mubadala sovereign wealth fund.
March
io.net — $1 billion: This cloud service, which puts GPUs from data centers and cryptocurrency miners into a decentralized network that can be used by AI models, was founded in 2019. (It used to be geared toward quant trading). It closed a $33 million Series A in March, according to PitchBook, valuing the company at $1 billion. The company has only raised $35 million to date, with investors including 6th Man Ventures, Foresight Ventures, and ArkStream Capital, according to PitchBook.
Perplexity — $1 billion: The famed AI search engine raised a $73.6 million Series B in January at a $520 million valuation, followed by an additional $62.7 million in April, doubling Perplexity‘s valuation to $1.04 billion. The company has raised $165 million to date.
Octane — $1.1 billion: A company that offers instant financing on mowers and recreational vehicles, Octane raised $50 million in April, giving in a post-money valuation of $1.11 billion. The company, launched in 2014, has raised around $250 million million in funding to date, from investors including Progressive and Gaingels, according to PitchBook.
Celestial AI — $1.2 billion: The AI company raised a $175 million Series C in March, valuing it at $1.2 billion, led by billionaire Thomas Tull’s USIT fund. The company has raised $339 million to date from investors, including 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. To date, the company has raised more than $50 million in funding.
Liquid Death — $1.4 billion: TechCrunch reported that the beverage startup’s last round of $67 million valued the company at $1.4 billion. Liquid Death has raised more than $260 million in funding, according to Crunchbase.
February
Blink Health — $1.3 billion: Founded in 2014, this online pharmacy took on $81 million in private equity funding, giving it a $1.28 billion post-money valuation. The company, which has now received a mixture of private equity and venture capital funding, has raised more than $250 million in funding to date, with investors including 8VC and BoxGroup, according to PitchBook.
NinjaOne — $1.9 billion: This mobile device management and security company raised a $231 million Series C in February, giving it a $1.9 billion post-money valuation, it said. The company has raised $282.7 million to date from investors, including ICONIQ Growth, according to PitchBook.
Ascend Elements — $1.6 billion: This sustainable battery company raised a $162 million round in February, it said. This gives it a post-money valuation of $1.61 billion, according to PitchBook. To date, the company has raised more than $1 billion in funding from investors, including Just Climate, Clearvision Ventures, and Irongrey.
Lambda — $1.5 billion: This GPU cloud computing platform for AI use 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, according to PitchBook. In total, the company has raised almost $900 million, with investors including Garry Tan, Bloomberg Beta, and Alumni Ventures.
EigenLayer — $1.1 billion: EigenLayer is behind a new project for Ethereum called staking, which involves using Ether tokens as security. Launched in 2021, it picked up a $100 million Series B in February, led by a16z, giving it a $1 billion valuation, according to PitchBook. In total, the company has raised a little more than $160 million in venture funding, with other backers including Blockchain Capital and Apollo Crypto.
Figure — $2.6 billion: The humanoid robot company raised a $675 million Series B in February, giving it a valuation of $2.6 billion. In total, Figure has raised almost $850 million in venture funding, with investors including Bezos Expeditions, Calm Ventures, Intel, Nvidia, OpenAI and Microsoft, according to PitchBook.
Together AI — $1.25 billion: This cloud service for running open source AI models raised a $106 million round led by Salesforce Ventures, giving the company a post-money valuation of $1.25 billion. Together AI has raised a little more than $232 million in venture funding from investors, including Hugging Face, NEA Partners, and 137 Ventures, according to PitchBook.
Bugcrowd — $1 billion: This crowdsourced bug-fixing cybersecurity platform raised a $102 million Series E in February, led by General Catalyst, which valued the company at $1 billion, according to Crunchbase. The company has raised more than $180 million to date.
January
ElevenLabs — $1 billion: The AI text-to-speech generator startup, specializing in language dubbing, picked up an $80 million Series B in January, giving it a post-money valuation of $1 billion. ElevenLabs has raised $101 million to date, with investors like a16z, Sequoia, and SV Angel, according to Crunchbase.
Quantinuum — $5.3 billion: Founded in 2021, the quantum computing cloud service raised a $300 million round in January led by Honeywell, valuing the company at $5.3 billion, according to Crunchbase. PitchBook shows that IMB Ventures and JPMorgan Chase are also backers of the company.
Zūm — $1.3 billion: This 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 in total, according to Crunchbase.
This piece was updated to correct the numbers about Huntress’ valuation, and Forsite and Lambda‘s name.
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