At least 80 new tech unicorns were minted in 2025 so far | TechCrunch

With AI igniting an investor frenzy, every month, more startups obtain unicorn status.

Using data from Crunchbase andPitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focusedinother 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— $1.25nbsp;billion: This company builds AI agents to help automate tasks. It raised a $275millionSeries B, giving it a$1.25 billionvaluation, 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 billionvaluation,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 billionvaluation, 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 foropen sourcemodels, founded in 2022, last raised a $250 million Series C giving it a$4 billionvaluation, 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 seedroundgiving it a$1 billionvaluation, according to Pitchbook.ItcountsValorEquity 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 billionvaluation, 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 billionvaluation, according to Pitchbook. It has raised around $160 million to date and counts Sequoia and Benchmark Capital as investors.

New Limit —$1.6 billion: This precision medicine company, founded in 2021, last raised a $45 millionroundvaluing it$1.6 billion, according to Pitchbook. It counts Kleiner Perkins as an investor and has raised more than $240 million in funding to date.

Tempo— $5 billion: This blockchain payments company, which counts Thrive Capital as an investor, last raised a $500 million Series A, giving it a$5 billionvaluation, according to Pitchbook.It was founded in 2025.

Lila— $1.3 billion: This life scientific discovery company, founded in 2023, last raised a $235 million Series A giving it around a$1.3 billionvaluation, according to Pitchbook. It countsBraidwelland Collective Global as investors and has raised more than $170 million in funding to date.

Reflection—$8 billion:A developer of open foundation models, founded in 2024, last raised a$2 billionSeries B, givingita$8billionvaluation, according to Pitchbook.It counts Light Speed Venture Partners, Nvidia, and Sequoia as partners and has raised around$2.2billionin funding to date.

Stoke— $2 billion: This sustainable rocket company, founded in 2019, last raised a $610 million Series D, giving it a$2 billionvaluation,according toPitchbook.It countsMaCVenture capital, and the USInnovation Technology Fund as investorsandhas raised around$1 billionin funding to date.

Apex— $1 billion:Thiscompany, which uses off-the-shelfcomponentsfor building satellites,wasfounded in 2022andlast raised a $200 million Series D, giving it a$1 billionvaluation, according to Pitchbook. It counts Andreessen Horowitzand 8VC as investors and has raised more than $500 million in funding to date.

September

You.com— $1.5 billion: Thiscompanyenterprise AI platform sells AIs to help businesses use AImore effectively. Itlast raised a $100 million Series C giving it a$1.5 billionvaluation, according to Pitchbook. It was founded in 2020, counts Time Ventures and Cox Enterprises as investors, and has raised more than $190 million in funding to date.

Enveda—$1.2 billion: This drugdiscoveryanalyticsplatform, which counts Lux Capital and TrueVenturesas investors, last raised a $150 million Series D giving it a$1.2 billionvaluation, according to Pitchbook.It was founded in 2019 and has raised $520 million to date in funding.

Filevine—$3 billion: This legalcase managementstartup last raised a $260 million Series E, counting Accel and Insight Partners as investors, according to Crunchbase. It was founded in 2014.

Baseten—$2.2 billion: ThisAI company focuses on model inference to helpbusinessesbuild and deploy their AI models more effectively. Founded in 2019,itlast raised a $150 million Series D, giving it a$2.2 billionvaluation, according to Pitchbook.It counts Greylock and Spark Capital as investors and has raised more than $280 million in funding to date.

PsiQuantum—$7 billion: This quantum computing company, looking tobuild one of the “world’s first useful quantum computers,”per itswebsite,counts BlackRock, Founders Fund, and Redpoint Ventures as investors, according to Pitchbook.It was foundedin 2015 andlast raised a$1 billionSeries E. It has raisedaround$1.7 billionto date in funding.

Invisible— $2 billion: ThisAI technology integrates into manufacturing software to helpanalyze movement,like fromhumans or robots, on factory floors. It wasfounded in 2015, last raised a $100 millionroundgiving it a$2 billionvaluation, according to Pitchbook.It counts Vanara Capital as investors and has raised more than$120million in funding to date.

Flying Tulip—$1 billion: This decentralized trading platform, founded in 2025, last raised a $200 million seedroundgiving it a$1billionvaluation, according to Pitchbook.It countsCoinFundManagement and Susquehanna Capitalas investors.

Distyl—$1.8 billion: Thisplatform generates and deploys AI native workflowsinto business operations. Itwasfoundedin 2022, last raised a $175million Series B, giving it a$1.8 billionvaluation, according to Pitchbook.It counts Khosla Ventures and Lightspeed Venture Partners as investors and has raised more than $200 million to date.

Modular—$1.6 billion: This AI infrastructure platformlets enterprises update AI systems withoutimpactingthewhole system. Itcounts General Catalyst and GV asinvestors,last raised a $250 million round giving it a$1.6 billionvaluation, according to Pitchbook.It was founded in 2022 and has raisedaround $380 million to date.

Thyme Care— $1.5 billion: This oncology platformhelps provide personalized cancer care. It was foundedin 2020, lastraised a $97 million Series D, giving it a$1.5 billionvaluation. It counts a16z and Concord Health Partners as investors and has raised around $280 million in funding to date, according to Pitchbook.

Strive Health—$1.8 billion: This kidney care companyworks withcliniciansto help care for those with kidney disease. Itlast raised a $300 million Series D countingNEA as investors, according to Crunchbase, giving it a$1.8 billionvaluation.It was founded in 2018.

Base—$4 billion: Thiscompany equipes home with backup home batteries. It was foundedin 2023, last raised a$1billionSeries C,giving ita$4billionvaluation, according toPitchbook. Itcounts a16z and Valor Equity Partners as investors and has raised more than$1.3 billionin funding to date.

Eve– $1.1 billion — This legal AIplatformhelps with tasks such as intake andevaluation,anddrafting pre-litigation letters.Itcounts a16z and Lightspeed Venture Partners as investors, last raised a $103 million Series B, giving it a$1.1 billionvaluation, according to Pitchbook. It was founded in 2020 and hasraisedmore than $160 million in funding to date.

Posthog— $1.4 billion: Thisplatformthatmakesdevopstools,founded in 2020, last raised a $75 million Series E, giving it a$1.4 billionvaluation, according to Pitchbook. The company, which counts GV and YC as investors, has raised more than $180 million in funding to date.

August

Shrapnel—$1.1 billion: Thisvideo game developer,founded in 2014, has raised more than $38 million in funding to date from investors including Gala Games and Griffin Gaming Partners, according toPitchbook.The company last raised a $19.5millionSeries A, giving it a$1.1 billionvaluation.

Fal—$4 billion: Thisplatform helps developers create images, video, and audio. It was founded in2021,has raised more than $440 million in funding to date, from investors including a16z, Kindred Ventures, and Sequoia Capital.The companylast raisedan around$250 millionlate late-stageround,giving it a$4 billionvaluation.

CompanyCam— $2 billion: Thisproject management platformuses AI to help make job site management more efficient. It wasfoundedin 2015, has raised more than $450millionin funding to date from investors including B Capital Group andInsightPartners. It last raised a $415 million Series C, giving it a$2 billionvaluation.

Field AI—$2 billion: This AI company helpscompanies autonomouslyoperaterobots. Founded in 2023, this company has raised more than $500 million in funding to date, according to Pitchbook,from investors including Khosla Ventures and Bezos Expeditions.The company last raised a $315 millionround,giving it a$2 billionvaluation.

Periodic Labs— $1 billion: This material science company announceda $300 million seedwith a16z as an investor, giving it a$1 billionvaluation, Pitchbook estimates. It was founded just this year.

Polymarket—$9 billion: Founded in 2017, thistrading and bettingcompany has raised more than$2 billionin funding, according to Pitchbook, from investors including General Catalyst and Founders Fund.

July

Castellion—$2.8 billion: This companycreates military systemsto scale andmanufacturestrike systems. It has raised more than $460 million in funding to date, according to Pitchbook. Investors in the company, founded in2022, includea16zand Lightspeed Venture Partners.The company last raised a $350millionSeries B,giving it a$2.8billionvaluation.

Also—$1 billion:Thiselectric mobility company, founded in2025, has raised more than $300 million to date, according to Pitchbook, with investors includingGreenoaksCapital and Eclipse Ventures.It was originally incubatedinthe electric vehicle company Rivian.The company last raised a $200 millionroundgiving it a$1billionvaluation.

MaintainX— $2.5 billion: Thismanagement software companyhelps businesses assess team performance and manage work orders.It wasfounded in2018,andhasraised more than $240 million to date, according to Pitchbook, with investors including Bain Capital Ventures, and Bessemer Venture Partners.The company last raised a $150 million SeriesD, givingit a$2.5 billionvaluation.

Tala Health—$1.2 billion: Thispersonalized healthcare companyuses AI to help provide virtual care. It was founded in2025,has raised more than $100 million to date. The companyallows clinicals to use AI agents to diagnose and treat patientsand last raised a $100 millionseedgiving it a$1.2billionvaluation.

Substack— $1.1 billion: Thisnewsletter platform,founded in2017, has raised more than $200 million to date, according to Pitchbook, with investors including a16z.The company last raised a $100million Series Cgiving it a$1.1 billionvaluation.

Erebor— $2 billion: This company,currently instealth, was founded in 2025 and has raised more than $250 million accordingto Pitchbook, from investors including Founders Fund. The bank works with crypto clients and startups.The company last raised a $250 millionseedgiving it a$2 billionvaluation.

Reka— $1 billion:This AI modelbuildercompany, founded in 2022,has raised more than$160 million to date in funding, according to Pitchbook, with investors including Snowflake and Nvidia.The company last raised a $110 millionearly-stageroundgivingit a$1 billionvaluation.

OnXmaps—$1.4 billion: This mobile mapping company, founded in 2009, has raised more than $380 million in funding to date, according to Pitchbook,from investors including Summit Partners. The company marks property boundariestohelp users stay onpermittedpaths as they travel.It last raised a $280 million Series C giving it anearly$1.4 billionvaluation.

Ambience— $1.25billion:This AI medical scribe, founded in 2020, has raised more than $340 million to date, according to Pitchbook, withinvestors including OpenAI Startup Fund, a16z, and Kleiner Perkins.The company last raised a $243millionSeriesC, givingit a$1.25 billionvaluation.

Anaconda— $1.5 billion:ThisAI platform, which offersopen sourceworkflowsolutions, was founded in 2012 and has raised more than $220 million in funding to date, according to Pitchbook, from investors including General Atlantic and GIC Private.The company last raised a $150 million SeriesC, givingit a$1.5 billionvaluation.

June

Linear — $1.25 billion: This software development product management tool last raised an $82 million Series C, valuing the company at $1.25 billion, according to PitchBook. The company, founded in 2019, has raised more than $130 million in funding to date from investors, including Accel and Sequoia Capital.

Gecko — $1.62 billion: This company makes data-gathering robotics that climb, crawl, swim, and fly. Founded in 2013, the company last raised a $121 million Series D, valuing it at $1.6 billion, according to PitchBook. Gecko has raised more than $340 million in funding to date from investors, including Cox Enterprises and Drive Capital.

Meter — $1.25 billion: This company, which offers managed internet infrastructure service to enterprises, last raised a $170 million Series C, valuing the company at $1.25 billion, according to PitchBook. The company, founded in 2015, has raised more than $250 million in funding to date, from investors including General Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom.

Teamworks — $1.25 billion: This sports software company last raised a $247 million Series F, valuing the company at $1.25 billion, according to PitchBook. The company, founded in 2006, has raised more than $400 million in funding to date from investors, including Seaport Capital and General Catalyst.

Thinking Machines — $10 billion: This AI research company, founded just last year by OpenAI alum Mira Murati, raised a $2 billion seed round, valuing the company at $10 billion, according to PitchBook. The company’s investors include a16z and Nvidia.

Kalshi — $2 billion: The popular prediction markets company, founded in 2018, last raised a $185 million Series C, valuing the company at $2 billion, according to PitchBook. The company has raised more than $290 million in funding to date, from investors including Sequoia and Global Founders Capital.

Decagon — $1.5 billion: This customer service AI agent company, founded in 2023, last raised a $131 million Series C, valuing the company at $1.5 billion, according to PitchBook. The company has raised more than $231 million in funding to date from investors, including a16z and Accel.

May

Pathos — $1.6 billion: This drug development company, founded in 2020, last raised a $365 million Series D, valuing the company at $1.6 billion, according to PitchBook. The company has raised more than $460 million to date from investors, including General Catalyst and Altimeter Capital Management.

Statsig — $1.1 billion: This product development platform, founded in 2021, last raised a $100 million Series C, valuing the company at $1.1 billion, according to PitchBook. The company has raised around $153 million to date from investors, including Sequoia, Madrona, and ICONIQ.

Function — $2.5 billion: This health tech company, founded in 2020, last raised a $200 million round, according to PitchBook, valuing the company at $2.5 billion. The company has raised more than $250 million in funding to date from investors, including a16z.

SpreeAI — $1.5 billion: This company last raised an undisclosed round, according to PitchBook, that valued the company at $1.5 billion. The company, founded in 2020, has raised more than $20 million to date from investors, including the Davidson Group.

Owner — $1 billion: This restaurant marketing software company, founded in 2018, last raised a $120 million Series C, valuing the company at $1 billion, per PitchBook. The company has raised more than $180 million in funding to date from investors, including Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital.

Awardco — $1 billion: This employee engagement platform last raised a $165 million Series B, valuing the company at $1 billion, per PitchBook. The company, founded in 2012, has raised more than $230 million in funding to date from investors, including General Catalyst.

April

Nourish — $1 billion: This dietitian telehealth company last raised a $70 million Series B, according to PitchBook, valuing the company at $1 billion. The company, founded in 2020, has raised more than $100 million in funding to date from investors, including Index Ventures and Thrive Capital.

Chapter — $1.38 billion: This Medicare guide health tech company, founded in 2013, last raised a $75 million Series D, valuing it at $1.38 billion, according to PitchBook. The company has raised $186 million in funding to date, with investors including XYZ Venture Capital and Narya.

Threatlocker — $1.2 billion: This Orlando-based data protection company last raised a $60 million Series E, valuing the company at $1.2 billion, according to PitchBook. The company, founded in 2017, has raised more than $200 million in funding to date from investors, including General Atlantic and StepStone Group.

Cyberhaven — $1 billion: This data detection company last raised a $100 million Series D in April, according to PitchBook, valuing the company at $1 billion. The company, launched in 2015, has raised more than $200 million in funding to date, with investors including Khosla Ventures and Redpoint Ventures.

March

Fleetio — $1.5 billion: This Alabama-based startup creates software to help make fleet operations easier. It last raised a $454 million Series D at a $1.5 billion valuation, according to PitchBook. It was launched in 2012 and has raised $624 million in funding to date, with investors including Elephant and Growth Equity at Goldman Sachs Alternatives.

The Bot Company — $2 billion: This robotics platform last raised a $150 million early-stage round, valuing it at $2 billion, according to PitchBook. The company, which was founded in 2024, has raised $300 million to date in funding.

Celestial AI — $2.5 billion: The AI company raised a $250 million Series C led by Fidelity that valued the company at $2.5 billion, per Crunchbase. The company, based in California, was launched in 2020 and counts BlackRock and Engine Ventures as investors. It has raised more than $580 million in capital to date, per PitchBook.

Underdog Fantasy — $1.3 billion: The sports gaming company last raised a $70 million Series C valuing the company at $1.3 billion, according to Crunchbase. The company, founded in 2020, has raised more than $100 million in capital to date, per PitchBook. Investors include Spark Capital.

Build Ops — $1 billion: This software company last raised a $122.6 million Series C, valuing it at $1 billion. Build Ops, which was launched in 2018, has raised $273 million in total, according to PitchBook, with investors including Founders Fund and Fika Ventures.

Insilico Medicine — $1 billion: The drug research company raised a $110 million Series E valuing the company at $1 billion, per Crunchbase. It launched in 2014, has raised more than $500 million to date in capital, and counts Lilly Ventures and Value Partners Group as investors.

Olipop — $2 billion: This popular probiotic soda company last raised a $137.9 million Series C at a $1.96 billion valuation. It was founded in 2018 and has raised $243 million to date, with investors including Scoop Ventures and J.P. Morgan Growth Equity Partners.

Peregrine — $2.5 billion: This data analysis and integration platform, launched in 2017, last raised a $190 million Series C with a valuation of $2.5 billion. It has raised more than $250 million in funding to date, according to PitchBook, with investors including Sequoia and Fifth Down Capital.

Assured — $1 billion: The AI company helps process claims and last raised a $23 million Series B, valuing the company at $1 billion. It was launched in 2019 and has raised a little more than $26 million to date, with investors including ICONIQ Capital and Kleiner Perkins.

February

Abridge — $2.8 billion: This medtech company, founded in 2018, last raised a $250 million Series D at a $2.75 billion valuation, per PitchBook. The company has raised more than $460 million to date in funding and counts Elad Gil and IVP as investors.

OpenEvidence — $1 billion: This medtech company, founded in 2017, last raised a $75 million Series A at a $1 billion valuation, per PitchBook. The company has raised $135 million to date in funding and counts Sequoia Capital as an investor.

Hightouch — $1.2 billion: The data platform, founded in 2018, last raised an $80 million Series C at a $1.2 billion valuation, per PitchBook. The company has raised $171 million to date in funding and counts Sapphire Ventures and Bain Capital Ventures as investors.

January

Kikoff — $1 billion: This personal finance platform last raised an undisclosed amount that valued it at $1 billion, according to PitchBook. The company, founded in 2019, has raised $42.5 million to date and counts Female Founders Fund, Lightspeed Venture Partners, and basketballer Steph Curry as investors.

Netradyne — $1.35 billion: Founded in 2015, this computer vision startup raised a $90 million Series D valuing it at $1.35 billion, according to Crunchbase. The round was led by Point72 Ventures.

Hippocratic AI — $1.6 billion: This startup, founded in 2023, creates healthcare models. It raised a $141 million Series B, valuing it at $1.64 billion, according to Crunchbase. The round was led by Kleiner Perkins.

Truveta — $1 billion: This genetic research company raised a $320 million round valuing it at $1 billion, according to Crunchbase. Founded in 2020, its investors include the CVCs from Microsoft and Regeneron Pharmaceuticals.

Clay — $1.25 billion: Founded in 2017, Clay is an AI sales platform. The company raised a $40 million Series B, valuing it at $1.25 billion, according to PitchBook. It has raised more than $100 million to date and counts Sequoia, First Round, Boldstar, and Box Group as investors.

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

Loft Orbital — $1 billion: Founded in 2017, the satellite company raised a $170 million Series C valuing the company at $1 billion, according to Crunchbase. Investors in the round included Temasek, Uncork Capital, and Tikehau Capital.

This story was originally published in February and is updated periodically with new information.