With AI igniting an investor frenzy, every month, more startups obtain unicorn status.
Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies Loft Orbital and blockchain-based trading site Kalshi.
This list will be updated throughout the year, so check back and see the latest powerhouse startups that are now worth over $1 billion.
November
Genspark — $1.25 billion: This company builds AI agents to help automate tasks. It raised a $275 million Series B, giving it a $1.25 billion valuation, according to Forbes. Backers include Emergence Capital Partners and LV Technology Ventures. The company was founded in 2023.
Gamma — $2.1 billion: This company, which creates AI-generated visuals, such as websites, announced a $68 million Series B led by a16z, giving it a $2.1 billion valuation, as TechCrunch previously reported. The company launched its first product in 2022.
October
Modal — $1.1 billion: This AI cloud computing platform, founded in 2021, last raised an $87 million Series B, giving it a $1.1 billion valuation, according to Pitchbook. It counts Lux Capital and Redpoint Ventures as investors and has raised around $110 million in funding to date.
Fireworks AI — $4 billion: This AI infrastructure platform for open source models, founded in 2022, last raised a $250 million Series C giving it a $4 billion valuation, according to Pitchbook. It counts Benchmark Capital and Index Ventures as investors and has raised more than $320 million in funding to date.
Substrate — $1 billion: This semiconductor fabrication company, founded in 2022, last raised a $100 million seed round giving it a $1 billion valuation, according to Pitchbook. It counts Valor Equity Partners and Founders Fund as investors.
Shop My — $1.5 billion: This marketing and affiliate platform, founded in 2020, last raised a $70 million Series B giving it a $1.5 billion valuation, according to Pitchbook. It has raised more than $160 million in funding to date and counts Bain capital Ventures and Bessemer Venture Partners as investors.
LangChain — $1.3 billion: This agent engineering platform, founded in 2022, last raised a $125 million Series B giving it a $1.3 billion valuation, according to Pitchbook. It has raised around $160 million to date and counts Sequoia and Benchmark Capital as investors.
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