With AI igniting an investor frenzy, new startups achieve unicorn status every month. Using data from Crunchbase and PitchBook, TechCrunch tracked the venture capital-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused on other industries like the satellite space company Loft Orbital and the blockchain-based trading site Kalshi. This list is updated throughout the year.
In December, Heven Aerotech reached a $1 billion valuation. Founded in 2019, it creates hydrogen-powered drones. It last raised a $100 million Series B, bringing its total funding to $115.2 million. Investors include IonQ.
Unconventional AI was valued at $4.5 billion. Founded in 2025 by Databricks’ former head of AI, Naveen Rao, it is working on an energy-efficient computer for AI. It last raised a $475 million seed round from investors including Andreessen Horowitz and Lightspeed.
Saviynt, an identity management cybersecurity startup launched in 2010, reached a $3 billion valuation. It last raised a $700 million Series B and has raised $740 million in total from investors including KKR.
Serval achieved a $1 billion valuation. Founded in 2024, it creates AI agents to help IT professionals complete tasks. It last raised a $74.8 million Series B and has raised around $126 million from investors including Sequoia and Redpoint.
Chai Discovery was valued at $1.3 billion. Founded in 2024, it creates models to predict the structure of biochemical molecules. It last raised a $130 million Series B and has raised close to $230 million from investors including General Catalyst and Thrive Capital.
MoEngage, a customer analytics platform founded in 2014, reached a $1.1 billion valuation. It last raised a $280 million round and has raised around $450 million from investors including A91 Partners and Goldman Sachs Asset Management.
Radiant, a nuclear renewable energy company founded in 2019, was valued at $1.8 billion. It last raised a $300 million Series D and has raised more than $500 million from investors including Draper Associates and Andreessen Horowitz.
Imprint, a payment processing company founded in 2020, reached a $1.2 billion valuation. It last raised a $149 million Series D and has raised more than $420 million from investors including Khosla Ventures and Kleiner Perkins.
HawkEye 360, a defense-tech company founded in 2015, was valued at $2 billion. It last raised a $150 million Series E and has raised almost $500 million from investors including BlackRock and Insight Partners.
Oishii, a vertical farming company launched in 2016, reached a $1.2 billion valuation. It last raised a $450 million Series C and has raised around $650 million from investors including SPARZ Group Company and Resilience Reserve.
Erebor, a crypto bank founded in 2025, was valued at $4.3 billion after raising a $350 million seed round. Investors include Lux Capital.
In November, Main Func reached a $1.25 billion valuation. It builds AI agents to automate white-collar tasks and raised a $275 million Series B. Backers include Emergence Capital Partners. It was founded in 2023.
Gamma, which creates AI-generated visuals, announced a $68 million Series B led by Andreessen Horowitz, giving it a $2.1 billion valuation. The company launched its first product in 2022.
Curative, a health insurance provider startup founded in 2020, was valued at $1 billion. It last raised a $153 million Series B and has raised more than $160 million from investors including DCVC.
Harmonic, a mathematical reasoning engine founded in 2023, reached a unicorn valuation after a $120 million Series C. It has raised more than $290 million from investors including Sequoia Capital and Kleiner Perkins.
Luma, an AI video generation company founded in 2021, was valued at $4 billion. It last raised a $900 million Series C and has raised $1 billion from investors including Andreessen Horowitz and Amazon Web Services.
Suno, a company that creates AI music, was founded in 2022 and reached a $2.5 billion valuation. It last raised a $250 million Series C and has raised $375 million from investors including Lightspeed and Menlo Ventures.
PDWQ, which uses AI to create and operate drones, was valued at $1.2 billion. Founded in 2019, it last raised a $35 million Series B3 and has raised $60 million from investors including Ondas Holdings.
Eight Sleep, a smart bed manufacturer, reached a $1.5 billion valuation. It last raised a $100 million Series D from investors including Khosla Ventures and Founders Fund, and has raised more than $250 million total.
Proof, an identity verification business founded in 2015, was valued at $1 billion. It last raised an $80 million Series E from investors including Canapi Ventures and has raised around $320 million.
Reflection, a company building open foundation models founded in 2024, reached an $8 billion valuation. It last raised a $2 billion Series B from investors including Lightspeed and Sequoia, and has raised $2.2 billion total.
Lunchclub, a platform using AI to connect businesspeople over video, was founded in 2016 and reached a $1 billion valuation. It last raised a $68 million Series B from investors including Andreessen Horowitz and has raised $95.2 million.
EXU, a crypto trading platform founded in 2025, was valued at $1.2 billion. It raised a $120 million Series B from investors including Sequoia and The Goldman Sachs Group, and has raised $160 million.
Reve, a company that produces a tool to turn text to images, was founded in 2023 and valued at $1.9 billion. It last raised a $350 million Series B from investors including Left Lane Capital.
In October, Modal, an AI cloud computing platform founded in 2021, reached a $1.1 billion valuation after an $87 million Series B. Investors include Lux Capital and Redpoint Ventures.
Fireworks AI, an AI infrastructure platform for open-source models founded in 2022, was valued at $4 billion after a $250 million Series C. Investors include Benchmark Capital and Index Ventures.
Substrate, a semiconductor fabrication company founded in 2022, reached a $1 billion valuation with a $100 million seed round. Investors include Valor Equity Partners and Founders Fund.
Shop My, a marketing and affiliate platform founded in 2020, was valued at $1.5 billion after a $70 million Series B. Investors include Bain Capital Ventures and Bessemer Venture Partners.
LangChain, an agent engineering platform founded in 2022, reached a $1.3 billion valuation after a $125 million Series B. Investors include Sequoia and Benchmark Capital.
New Limit, a precision medicine company founded in 2021, was valued at $1.6 billion after a $45 million round. Investors include Kleiner Perkins.
Tempo, a blockchain payments company founded in 2025, reached a $5 billion valuation after a $500 million Series A. Investors include Thrive Capital.
Lila, a life scientific discovery company founded in 2023, was valued at $1.3 billion after a $350 million Series A. Investors include Braidwell and Collective Global.
Reflection, a developer of open foundation models founded in 2024, was valued at $8 billion after a $2 billion Series B. Investors include Lightspeed Venture Partners, Nvidia, and Sequoia.
Stoke, a sustainable rocket company founded in 2019, reached a $2 billion valuation after a $610 million Series D. Investors include MaC Venture Capital and the US Innovation Technology Fund.
Apex, which uses off-the-shelf components for building satellites, was founded in 2022 and valued at $1 billion after a $200 million Series D. Investors include Andreessen Horowitz and 8VC.
In September, You.com reached a $1.5 billion valuation. This enterprise AI platform sells AI tools to businesses and raised a $100 million Series C. Investors include Time Ventures and Cox Enterprises. It was founded in 2020.
Enveda, a drug discovery analytics platform founded in 2019, was valued at $1.2 billion after a $150 million Series D. Investors include Lux Capital and True Ventures.
Filevine, a legal case management startup founded in 2014, reached a $3 billion valuation after a $260 million Series E. Investors include Accel and Insight Partners.
Baseten, an AI company focusing on model inference, was founded in 2019 and valued at $2.2 billion after a $150 million Series D. Investors include Greylock and Spark Capital.
PsiQuantum, a quantum computing company founded in 2015, was valued at $7 billion after a $1 billion Series E. Investors include BlackRock, Founders Fund, and Redpoint Ventures.
Invisible, an AI technology for manufacturing software, was founded in 2015 and valued at $2 billion after a $100 million round. Investors include Vanara Capital.
Flying Tulip, a decentralized trading platform founded in 2025, reached a $1 billion valuation with a $200 million seed round. Investors include CoinFund Management and Susquehanna Capital.
Distyl, a platform that generates AI native workflows, was founded in 2022 and valued at $1.8 billion after a $175 million Series B. Investors include Khosla Ventures and Lightspeed Venture Partners.
Modular, an AI infrastructure platform for enterprises, was founded in 2022 and valued at $1.6 billion after a $250 million round. Investors include General Catalyst and GV.
Thyme Care, an oncology platform founded in 2020, was valued at $1.5 billion after a $97 million Series D. Investors include Andreessen Horowitz and Concord Health Partners.
Strive Health, a kidney care company founded in 2018, reached a $1.8 billion valuation after a $300 million Series D. Investors include NEA.
Base, a company providing home backup batteries founded in 2023, was valued at $4 billion after a $1 billion Series C. Investors include Andreessen Horowitz and Valor Equity Partners.
Eve, a legal AI platform founded in 2020, reached a $1.1 billion valuation after a $103 million Series B. Investors include Andreessen Horowitz and Lightspeed Venture Partners.
Posthog, a platform that makes devops tools, was founded in 2020 and valued at $1.4 billion after a $75 million Series E. Investors include GV and Y Combinator.
In August, Shrapnel, a video game developer founded in 2014, reached a $1.1 billion valuation after a $19.5 million Series A. Investors include Gala Games and Griffin Gaming Partners.
Fal, a platform for creating images, video, and audio founded in 2021, was valued at $4 billion after a $250 million late-stage round. Investors include Andreessen Horowitz, Kindred Ventures, and Sequoia Capital.
CompanyCam, an AI project management platform for job sites founded in 2015, reached a $2 billion valuation after a $415 million Series C. Investors include B Capital Group and Insight Partners.
Field AI, which helps companies autonomously operate robots, was founded in 2023 and valued at $2 billion after a $315 million round. Investors include Khosla Ventures and Bezos Expeditions.
Periodic Labs, a material science company founded this year, reached a $1 billion valuation with a $300 million seed round. Andreessen Horowitz is an investor.
Polymarket, a trading and betting company founded in 2017, was valued at $9 billion. Investors include General Catalyst and Founders Fund.
In July, Castellion, a creator of military strike systems founded in 2022, reached a $2.8 billion valuation after a $350 million Series B. Investors include Andreessen Horowitz and Lightspeed Venture Partners.
Also, an electric mobility company incubated at Rivian and founded in 2025, was valued at $1 billion after a $200 million round. Investors include Greenoaks Capital and Eclipse Ventures.
MaintainX, a management software company founded in 2018, reached a $2.5 billion valuation after a $150 million Series D. Investors include Bain Capital Ventures and Bessemer Venture Partners.
Tala Health, a personalized healthcare AI company founded in 2025, was valued at $1.2 billion after a $100 million seed round.
Substack, the newsletter platform founded in 2017, reached a $1.1 billion valuation after a $100 million Series C. Investors include Andreessen Horowitz.
Erebor, a stealth crypto bank for crypto clients founded in 2025, was valued at $2 billion after a $250 million seed round. Investors include Founders Fund.
Reka, an AI model builder founded in 2022, reached a $1 billion valuation after a $110 million early-stage round. Investors include Snowflake and Nvidia.
OnXmaps, a mobile mapping company founded in 2009, reached a $1.4 billion valuation after a $280 million Series C. Investors include Summit Partners.
Ambience, an AI medical scribe founded in 2020, was valued at $1.25 billion after a $243 million Series C. Investors include the OpenAI Startup Fund, Andreessen Horowitz, and Kleiner Perkins.
Anaconda, an open-source AI workflow platform founded in 2012, reached a $1.5 billion valuation after a $150 million Series C. Investors include General Atlantic and GIC Private.
In June, Linear, a software development product management tool founded in 2019, was valued at $1.25 billion after an $82 million Series C. Investors include Accel and Sequoia Capital.
Gecko, which makes data-gathering robotics, was founded in 2013 and valued at $1.62 billion after a $121 million Series D. Investors include Cox Enterprises and Drive Capital.
Meter, a managed internet infrastructure service founded in 2015, reached a $1.25 billion valuation after a $170 million Series C. Investors include General Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom.
Teamworks, a sports software company founded in 2006, was valued at $1.25 billion after a $247 million Series F. Investors include Seaport Capital and General Catalyst.
Thinking Machines, an AI research company founded in 2024 by OpenAI alum Mira Murati, raised a $2 billion seed round at a $10 billion valuation. Investors include Andreessen Horowitz and Nvidia.
Kalshi, the prediction markets company founded in 2018, reached a $2 billion valuation after a $185 million Series C. Investors include Sequoia and Global Founders Capital.
Decagon, a customer service AI agent company founded in 2023, was valued at $1.5 billion after a $131 million Series C. Investors include Andreessen Horowitz and Accel.
In May, Pathos, a drug development company founded in 2020, reached a $1.6 billion valuation after a $365 million Series D. Investors include General Catalyst and Altimeter Capital Management.
Statsig, a product development platform founded in 2021, was valued at $1.1 billion after a $100 million Series C. Investors include Sequoia, Madrona, and ICONIQ.
Function, a health tech company founded in 2020, reached a $2.5 billion valuation after a $200 million round. Investors include Andreessen Horowitz.
SpreeAI was valued at $1.5 billion after raising $80 million. Founded in 2020, investors include the Davidson Group.
Owner, a restaurant marketing software company founded in 2018, reached a $1 billion valuation after a $120 million Series C. Investors include Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital.
Awardco, an employee engagement platform founded in 2012, was valued at $1 billion after a $165 million Series B. Investors include General Catalyst.
In April, Nourish, a dietitian telehealth company founded in 2020, reached a $1 billion valuation after a $70 million Series B. Investors include Index Ventures and Thrive Capital.
Chapter, a Medicare guide health tech company founded in 2013, was valued at $1.38 billion after a $75 million Series D. Investors include XYZ Venture Capital and Narya.
Threatlocker, a data protection company founded in 2017, reached a $1.2 billion valuation after a $60 million Series E. Investors include General Atlantic and the StepStone Group.
Cyberhaven, a data detection company launched in 2015, was valued at $1 billion after a $100 million Series D. Investors include Khosla Ventures and Redpoint Ventures.
In March, Fleetio, a fleet operations software company launched in 2012, reached a $1.5 billion valuation after a $454 million Series D. Investors include Elephant and Growth Equity at Goldman Sachs Alternatives.
The Bot Company, a robotics platform founded in 2024, was valued at $2 billion after a $150 million early-stage round.
Celestial AI, an AI company launched in 2020, reached a $2.5 billion valuation after a $250 million Series C led by Fidelity. Investors include BlackRock and Engine Ventures.
Underdog Fantasy, a sports gaming company founded in 2020, was valued at $1.3 billion after a $70 million Series C. Investors include Spark Capital.
Build Ops, a software company launched in 2018, reached a $1 billion valuation after a $122.6 million Series C. Investors include Founders Fund and Fika Ventures.
Insilico Medicine, a drug research company launched in 2014, was valued at $1 billion after a $110 million Series E. Investors include Lilly Ventures and Value Partners Group.
Olipop, a probiotic soda company founded in 2018, reached a $2 billion valuation after a $137.9 million Series C. Investors include Scoop Ventures and J.P. Morgan Growth Equity Partners.
Peregrine, a data analysis platform launched in 2017, was valued at $2.5 billion after a $190 million Series C. Investors include Sequoia and Fifth Down Capital.
Assured, an AI company for processing claims launched in 2019, reached a $1 billion valuation after a $23 million Series B. Investors include ICONIQ Capital and Kleiner Perkins.
In February, Abridge, a medtech company founded in 2018, reached a $2.8 billion valuation after a $250 million Series D. Investors include Elad Gil and IVP.
OpenEvidence, a medtech company founded in 2017, was valued at $1 billion after a $75 million Series A. Investors include Sequoia Capital.
Hightouch, a data platform founded in 2018, reached a $1.2 billion valuation after an $80 million Series C. Investors include Sapphire Ventures and Bain Capital Ventures.
In January, Kikoff, a personal finance platform founded in 2019, reached a $1 billion valuation. Investors include Female Founders Fund, Lightspeed Venture Partners, and basketball player Steph Curry.
Netradyne, a computer vision startup founded in 2015, was valued at