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At the least 80 new tech unicorns had been minted in 2025 to this point


With AI igniting an investor frenzy, each month, extra startups receive unicorn standing.

Utilizing knowledge from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that grew to become unicorns to this point this yr. Whereas most are AI-related, a shocking quantity are centered in different industries like satellite tv for pc house firms Loft Orbital and blockchain-based buying and selling website Kalshi.  

This record will likely be up to date all year long, so test again and see the most recent powerhouse startups that are actually value over $1 billion.

November

Genspark — $1.25 billion: This firm builds AI brokers to assist automate duties. It raised a $275 million Collection B, giving it a $1.25 billion valuation, in line with Forbes. Backers embody Emergence Capital Companions and LV Expertise Ventures. The corporate was based in 2023.  

Gamma — $2.1 billion: This firm, which creates AI-generated visuals, akin to web sites, introduced a $68 million Collection B led by a16z, giving it a $2.1 billion valuation, as TechCrunch beforehand reported. The corporate launched its first product in 2022.   

October

Modal — $1.1 billion: This AI cloud computing platform, based in 2021, final raised an $87 million Collection B, giving it a $1.1 billion valuation, in line with Pitchbook. It counts Lux Capital and Redpoint Ventures as traders and has raised round $110 million in funding so far.  

Fireworks AI — $4 billion: This AI infrastructure platform for open supply fashions, based in 2022, final raised a $250 million Collection C giving it a $4 billion valuation, in line with Pitchbook. It counts Benchmark Capital and Index Ventures as traders and has raised greater than $320 million in funding so far.  

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Substrate — $1 billion: This semiconductor fabrication firm, based in 2022, final raised a $100 million seed spherical giving it a $1 billion valuation, in line with Pitchbook. It counts Valor Fairness Companions and Founders Fund as traders.  

Store My —  $1.5 billion: This advertising and marketing and affiliate platform, based in 2020, final raised a $70 million Collection B giving it a $1.5 billion valuation, in line with Pitchbook. It has raised greater than $160 million in funding so far and counts Bain capital Ventures and Bessemer Enterprise Companions as traders. 

LangChain — $1.3 billion: This agent engineering platform, based in 2022, final raised a $125 million Collection B giving it a $1.3 billion valuation, in line with Pitchbook. It has raised round $160 million so far and counts Sequoia and Benchmark Capital as traders.  

New Restrict — $1.6 billion: This precision medication firm, based in 2021, final raised a $45 million spherical valuing it a $1.6 billion, in line with Pitchbook. It counts Kleiner Perkins as an investor and has raised greater than $240 million in funding so far.  

Tempo — $5 billion: This blockchain funds firm, which counts Thrive Capital as an investor, final raised a $500 million Collection A, giving it a $5 billion valuation, in line with Pitchbook. It was based in 2025.  

Lila — $1.3 billion: This life scientific discovery firm, based in 2023, final raised a $235 million Collection A giving it round a $1.3 billion valuation, in line with Pitchbook. It counts Braidwell and Collective International as traders and has raised greater than $170 million in funding so far.  

Reflection — $8 billion: A developer of open basis fashions, based in 2024, final raised a $2 billion Collection B, giving it a $8 billion valuation, in line with Pitchbook. It counts Gentle Pace Enterprise Companions, Nvidia, and Sequoia as companions and has raised round $2.2 billion in funding so far.  

Stoke — $2 billion: This sustainable rocket firm, based in 2019, final raised a $610 million Collection D, giving it a $2 billion valuation, in line with Pitchbook. It counts MaC Enterprise capital, and the US Innovation Expertise Fund as traders and has raised round $1 billion in funding so far.  

 Apex — $1 billion: This firm, which makes use of off-the-shelf elements for constructing satellites, was based in 2022 and final raised a $200 million Collection D, giving it a $1 billion valuation, in line with Pitchbook. It counts Andreessen Horowitz and 8VC as traders and has raised greater than $500 million in funding so far.  

September

You.com — $1.5 billion: This firm enterprise AI platform sells AIs to assist companies use AI extra successfully. It final raised a $100 million Collection C giving it a $1.5 billion valuation, in line with Pitchbook. It was based in 2020, counts Time Ventures and Cox Enterprises as traders, and has raised greater than $190 million in funding so far.  

 Enveda — $1.2 billion: This drug discovery analytics platform, which counts Lux Capital and True Ventures as traders, final raised a $150 million Collection D giving it a $1.2 billion valuation, in line with Pitchbook. It was based in 2019 and has raised $520 million so far in funding.  

Filevine — $3 billion: This authorized case administration startup final raised a $260 million Collection E, counting Accel and Perception Companions as traders, in line with Crunchbase. It was based in 2014. 

Baseten — $2.2 billion: This AI firm focuses on mannequin inference to assist companies construct and deploy their AI fashions extra successfully. Based in 2019, it final raised a $150 million Collection D, giving it a $2.2 billion valuation, in line with Pitchbook. It counts Greylock and Spark Capital as traders and has raised greater than $280 million in funding so far.  

PsiQuantum — $7 billion: This quantum computing firm, seeking to construct one of many “world’s first helpful quantum computer systems,” per its web site, counts BlackRock, Founders Fund, and Redpoint Ventures as traders, in line with Pitchbook. It was based in 2015 and final raised a $1 billion Collection E. It has raised round $1.7 billion so far in funding.  

Invisible — $2 billion: This AI expertise integrates into manufacturing software program to assist analyze motion, like from people or robots, on manufacturing facility flooring. It was based in 2015, final raised a $100 million spherical giving it a $2 billion valuation, in line with Pitchbook. It counts Vanara Capital as traders and has raised greater than $120 million in funding so far.  

Flying Tulip — $1 billion: This decentralized buying and selling platform, based in 2025, final raised a $200 million seed spherical giving it a $1 billion valuation, in line with Pitchbook. It counts CoinFund Administration and Susquehanna Capital as traders.  

Distyl — $1.8 billion: This platform generates and deploys AI native workflows into enterprise operations. It was based in 2022, final raised a $175 million Collection B, giving it a $1.8 billion valuation, in line with Pitchbook. It counts Khosla Ventures and Lightspeed Enterprise Companions as traders and has raised greater than $200 million so far.  

Modular — $1.6 billion: This AI infrastructure platform lets enterprises replace AI methods with out impacting the entire system. It counts Basic Catalyst and GV as traders, final raised a $250 million spherical giving it a $1.6 billion valuation, in line with Pitchbook. It was based in 2022 and has raised round $380 million so far.  

Thyme Care — $1.5 billion: This oncology platform helps present customized most cancers care. It was based in 2020, final raised a $97 million Collection D, giving it a $1.5 billion valuation. It counts a16z and Harmony Well being Companions as traders and has raised round $280 million in funding so far, in line with Pitchbook.  

Attempt Well being — $1.8 billion: This kidney care firm works with clinicians to assist take care of these with kidney illness. It final raised a $300 million Collection D counting NEA as traders, in line with Crunchbase, giving it a $1.8 billion valuation. It was based in 2018.  

Base — $4 billion: This firm equipes residence with backup residence batteries. It was based in 2023, final raised a $1 billion Collection C, giving it a $4 billion valuation, in line with Pitchbook. It counts a16z and Valor Fairness Companions as traders and has raised greater than $1.3 billion in funding so far.  

Eve – $1.1 billion — This authorized AI platform helps with duties akin to consumption and analysis, and drafting pre-litigation letters. It counts a16z and Lightspeed Enterprise Companions as traders, final raised a $103 million Collection B, giving it a $1.1 billion valuation, in line with Pitchbook. It was based in 2020 and has raised greater than $160 million in funding so far.  

Posthog — $1.4 billion: This platform that makes devops instruments, based in 2020, final raised a $75 million Collection E, giving it a $1.4 billion valuation, in line with Pitchbook. The corporate, which counts GV and YC as traders, has raised greater than $180 million in funding so far.  

August

Shrapnel — $1.1 billion: This online game developer, based in 2014, has raised greater than $38 million in funding so far from traders together with Gala Video games and Griffin Gaming Companions, in line with Pitchbook. The corporate final raised a $19.5 million Collection A, giving it a $1.1 billion valuation.  

Fal — $4 billion: This platform helps builders create pictures, video, and audio. It was based in 2021, has raised greater than $440 million in funding so far, from traders together with a16z, Kindred Ventures, and Sequoia Capital. The corporate final raised an round $250 million late late-stage spherical, giving it a $4 billion valuation.  

CompanyCam — $2 billion: This venture administration platform makes use of AI to assist make job website administration extra environment friendly. It was based in 2015, has raised greater than $450 million in funding so far from traders together with B Capital Group and Perception Companions. It final raised a $415 million Collection C, giving it a $2 billion valuation.  

Discipline AI — $2 billion: This AI firm helps firms autonomously function robots. Based in 2023, this firm has raised greater than $500 million in funding so far, in line with Pitchbook, from traders together with Khosla Ventures and Bezos Expeditions. The corporate final raised a $315 million spherical, giving it a $2 billion valuation.   

Periodic Labs — $1 billion: This materials science firm introduced a $300 million seed with a16z as an investor, giving it a $1 billion valuation, Pitchbook estimates. It was based simply this yr.  

Polymarket — $9 billion: Based in 2017, this buying and selling and betting firm has raised greater than $2 billion in funding, in line with Pitchbook, from traders together with Basic Catalyst and Founders Fund. 

July

Castellion — $2.8 billion: This firm creates army methods to scale and manufacture strike methods. It has raised greater than $460 million in funding so far, in line with Pitchbook. Traders within the firm, based in 2022, embody a16z and Lightspeed Enterprise Companions. The corporate final raised a $350 million Collection B, giving it a $2.8 billion valuation.  

Additionally — $1 billion: This electrical mobility firm, based in 2025, has raised greater than $300 million so far, in line with Pitchbook, with traders together with Greenoaks Capital and Eclipse Ventures. It was initially incubated in the electrical car firm Rivian. The corporate final raised a $200 million spherical giving it a $1 billion valuation.  

MaintainX — $2.5 billion: This administration software program firm helps companies assess crew efficiency and handle work orders. It was based in 2018, and has raised greater than $240 million so far, in line with Pitchbook, with traders together with Bain Capital Ventures, and Bessemer Enterprise Companions. The corporate final raised a $150 million Collection D, giving it a $2.5 billion valuation. 

Tala Well being — $1.2 billion: This customized healthcare firm makes use of AI to assist present digital care. It was based in 2025, has raised greater than $100 million so far. The corporate permits clinicals to make use of AI brokers to diagnose and deal with sufferers and final raised a $100 million seed giving it a $1.2 billion valuation.  

Substack — $1.1 billion: This publication platform, based in 2017, has raised greater than $200 million so far, in line with Pitchbook, with traders together with a16z. The corporate final raised a $100 million Collection C giving it a $1.1 billion valuation.  

Erebor — $2 billion: This firm, at the moment in stealth, was based in 2025 and has raised greater than $250 million in accordance to Pitchbook, from traders together with Founders Fund. The financial institution works with crypto purchasers and startups. The corporate final raised a $250 million seed giving it a $2 billion valuation.  

Reka — $1 billion: This AI mannequin builder firm, based in 2022, has raised greater than $160 million so far in funding, in line with Pitchbook, with traders together with Snowflake and Nvidia. The corporate final raised a $110 million early-stage spherical giving it a $1 billion valuation. 

OnXmaps — $1.4 billion: This cell mapping firm, based in 2009, has raised greater than $380 million in funding so far, in line with Pitchbook, from traders together with Summit Companions. The corporate marks property boundaries to assist customers keep on permitted paths as they journey. It final raised a $280 million Collection C giving it a almost $1.4 billion valuation.  

Atmosphere — $1.25 billion: This AI medical scribe, based in 2020, has raised greater than $340 million so far, in line with Pitchbook, with traders together with OpenAI Startup Fund, a16z, and Kleiner Perkins. The corporate final raised a $243 million Collection C, giving it a $1.25 billion valuation.  

Anaconda — $1.5 billion: This AI platform, which presents open supply workflow options, was based in 2012 and has raised greater than $220 million in funding so far, in line with Pitchbook, from traders together with Basic Atlantic and GIC Non-public. The corporate final raised a $150 million Collection C, giving it a $1.5 billion valuation.  

June

Linear — $1.25 billion: This software program growth product administration device final raised an $82 million Collection C, valuing the corporate at $1.25 billion, in line with PitchBook. The corporate, based in 2019, has raised greater than $130 million in funding so far from traders, together with Accel and Sequoia Capital. 

Gecko — $1.62 billion: This firm makes data-gathering robotics that climb, crawl, swim, and fly. Based in 2013, the corporate final raised a $121 million Collection D, valuing it at $1.6 billion, in line with PitchBook. Gecko has raised greater than $340 million in funding so far from traders, together with Cox Enterprises and Drive Capital. 

Meter — $1.25 billion: This firm, which presents managed web infrastructure service to enterprises, final raised a $170 million Collection C, valuing the corporate at $1.25 billion, in line with PitchBook. The corporate, based in 2015, has raised greater than $250 in funding so far, from traders together with Basic Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom. 

Teamworks — $1.25 billion: This sports activities software program firm final raised a $247 million Collection F, valuing the corporate at $1.25 billion, in line with PitchBook. The corporate, based in 2006, has raised greater than $400 million in funding so far from traders, together with Seaport Capital and Basic Catalyst.  

Pondering Machines — $10 billion: This AI analysis firm, based simply final yr by OpenAI alum Mira Murati, raised a $2 billion seed spherical, valuing the corporate at $10 billion, in line with PitchBook. The corporate’s traders embody a16z and Nvidia. 

Kalshi — $2 billion: The favored prediction markets firm, based in 2018, final raised a $185 million Collection C, valuing the corporate at $2 billion, in line with PitchBook. The corporate has raised greater than $290 million in funding so far, from traders together with Sequoia and International Founders Capital. 

Decagon — $1.5 billion: This customer support AI agent firm, based in 2023, final raised a $131 million Collection C, valuing the corporate at $1.5 billion, in line with PitchBook. The corporate has raised greater than $231 million in funding so far from traders, together with a16z and Accel. 

Could

Pathos — $1.6 billion: This drug growth firm, based in 2020, final raised a $365 million Collection D, valuing the corporate at $1.6 billion, in line with PitchBook. The corporate has raised greater than $460 million so far from traders, together with Basic Catalyst and Altimeter Capital Administration. 

Statsig — $1.1 billion: This product growth platform, based in 2021, final raised a $100 million Collection C, valuing the corporate at $1.1 billion, in line with PitchBook. The corporate has raised round $153 million so far from traders, together with Sequoia, Madrona, and ICONIQ Development. 

Operate — $2.5 billion: This well being tech firm, based in 2020, final raised a $200 million spherical, in line with PitchBook, valuing the corporate at $2.5 billion. The corporate has raised greater than $250 million in funding so far from traders, together with a16z. 

SpreeAI — $1.5 billion: This firm final raised an undisclosed spherical, in line with PitchBook, that valued the corporate at $1.5 billion. The corporate, based in 2020, has raised greater than $20 million so far from traders, together with the Davidson Group.

Proprietor — $1 billion: This restaurant advertising and marketing software program firm, based in 2018, final raised a $120 million Collection C, valuing the corporate at $1 billion, per PitchBook. The corporate has raised greater than $180 million in funding so far from traders, together with Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital. 

Awardco — $1 billion: This worker engagement platform final raised a $165 million Collection B, valuing the corporate at $1 billion, per PitchBook. The corporate, based in 2012, has raised greater than $230 million in funding so far from traders, together with Basic Catalyst. 

April

Nourish — $1 billion: This dietitian telehealth firm final raised a $70 million Collection B, in line with PitchBook, valuing the corporate at $1 billion. The corporate, based in 2020, has raised greater than $100 million in funding so far from traders, together with Index Ventures and Thrive Capital. 

Chapter — $1.38 billion: This Medicare information well being tech firm, based in 2013, final raised a $75 million Collection D, valuing it at $1.38 billion, in line with PitchBook. The corporate has raised $186 million in funding so far, with traders together with XYZ Enterprise Capital and Narya. 

Threatlocker — $1.2 billion: This Orlando-based knowledge safety firm final raised a $60 million Collection E, valuing the corporate at $1.2 billion, in line with PitchBook. The corporate, based in 2017, has raised greater than $200 million in funding so far from traders, together with Basic Atlantic and StepStone Group. 

Cyberhaven — $1 billion: This knowledge detection firm final raised a $100 million Collection D in April, in line with PitchBook, valuing the corporate at $1 billion. The corporate, launched in 2015, has raised greater than $200 million in funding so far, with traders together with Khosla Ventures and Redpoint Ventures.

March 

Fleetio — $1.5 billion: This Alabama-based startup creates software program to assist make fleet operations simpler. It final raised a $454 million Collection D at a $1.5 billion valuation, in line with PitchBook. It was launched in 2012 and has raised $624 million in funding so far, with traders together with Elephant and Development Fairness at Goldman Sachs Alternate options.

The Bot Firm — $2 billion: This robotics platform final raised a $150 million early-stage spherical, valuing it at $2 billion, in line with PitchBook. The corporate, which was based in 2024, has raised $300 million so far in funding. 

Celestial AI — $2.5 billion: The AI firm raised a $250 million Collection C led by Constancy that valued the corporate at $2.5 billion, per Crunchbase. The corporate, primarily based in California, was launched in 2020 and counts BlackRock and Engine Ventures as traders. It has raised greater than $580 million in capital so far, per PitchBook. 

Underdog Fantasy — $1.3 billion: The sports activities gaming firm final raised a $70 million Collection C valuing the corporate at $1.3 billion, in line with Crunchbase. The corporate, based in 2020, has raised greater than $100 million in capital so far, per PitchBook. Traders embody Spark Capital. 

Construct Ops — $1 billion: This software program firm final raised a $122.6 million Collection C, valuing it at $1 billion. Construct Ops, which was launched in 2018, has raised $273 million in complete, in line with PitchBook, with traders together with Founders Fund and Fika Ventures. 

Insilico Medication — $1 billion: The drug analysis firm raised a $110 million Collection E valuing the corporate at $1 billion, per Crunchbase. It launched in 2014, has raised greater than $500 million so far in capital, and counts Lilly Ventures and Worth Companions Group as traders. 

Olipop — $2 billion: This standard probiotic soda firm final raised a $137.9 million Collection C at a $1.96 billion valuation. It was based in 2018 and has raised $243 million so far, with traders together with Scoop Ventures and J.P. Morgan Development Fairness Companions. 

Peregrine — $2.5 billion: This knowledge evaluation and integration platform, launched in 2017, final raised a $190 million Collection C with a valuation of $2.5 billion. It has raised greater than $250 million in funding so far, in line with PitchBook, with traders together with Sequoia and Fifth Down Capital. 

Assured — $1 billion: The AI firm helps course of claims and final raised a $23 million Collection B, valuing the corporate at $1 billion. It was launched in 2019 and has raised somewhat greater than $26 million so far, with traders together with ICONIQ Capital and Kleiner Perkins. 

February 

Abridge — $2.8 billion: This medtech firm, based in 2018, final raised a $250 million Collection D at a $2.75 billion valuation, per PitchBook. The corporate has raised greater than $460 million so far in funding and counts Elad Gil and IVP as traders. 

OpenEvidence — $1 billion: This medtech firm, based in 2017, final raised a $75 million Collection A at a $1 billion valuation, per PitchBook. The corporate has raised $135 million so far in funding and counts Sequoia Capital as an investor. 

Hightouch — $1.2 billion: The information platform, based in 2018, final raised an $80 million Collection C at a $1.2 billion valuation, per PitchBook. The corporate has raised $171 million so far in funding and counts Sapphire Ventures and Bain Capital Ventures as traders.

January

Kikoff — $1 billion: This private finance platform final raised an undisclosed quantity that valued it at $1 billion, in line with PitchBook. The corporate, based in 2019, has raised $42.5 million so far and counts Feminine Founders Fund, Lightspeed Enterprise Companions, and basketballer Steph Curry as traders. 

Netradyne — $1.35 billion: Based in 2015, this pc imaginative and prescient startup raised a $90 million Collection D valuing it at $1.35 billion, in line with Crunchbase. The spherical was led by Point72 Ventures.

Hippocratic AI — $1.6 billion: This startup, based in 2023, creates healthcare fashions. It raised a $141 million Collection B, valuing it at $1.64 billion, in line with Crunchbase. The spherical was led by Kleiner Perkins. 

Truveta — $1 billion: This genetic analysis firm raised a $320 million spherical valuing it at $1 billion, in line with Crunchbase. Based in 2020, its traders embody the CVCs from Microsoft and Regeneron Prescribed drugs. 

Clay — $1.25 billion: Based in 2017, Clay is an AI gross sales platform. The corporate raised a $40 million Collection B, valuing it at $1.25 billion, in line with PitchBook. It has raised greater than $100 million so far and counts Sequoia, First Spherical, Boldstar, and Field Group as traders.  

Mercor — $2 billion: This contract recruiting startup raised a $100 million Collection B valuing it at $2 billion. The corporate, based in 2022, counts Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund as traders. 

Loft Orbital — $1 billion: Based in 2017, the satellite tv for pc firm raised a $170 million Collection C valuing the corporate at $1 billion, in line with Crunchbase. Traders within the spherical included Temasek, Uncork Capital, and Tikehau Capital. 

This story was initially printed in February and is up to date periodically with new info.

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