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With AI driving an investor frenzy, new startups are achieving unicorn status every month. Using data from Crunchbase and PitchBook, TechCrunch has identified VC-backed startups that joined the unicorn club this year. While many of these startups are AI-related, a surprising number operate in other sectors like satellite space companies Loft Orbital and blockchain-based trading site Kalshi.
### June
– **Linear** – $1.25 billion: This software development product management tool recently secured an $82 million Series C funding round, bringing its valuation to $1.25 billion. Founded in 2019, Linear has raised over $130 million in funding from investors such as Accel and Sequoia Capital.
– **Gecko** – $1.62 billion: Known for its data-gathering robotics, Gecko raised a $121 million Series D, valuing the company at $1.6 billion. Since its founding in 2013, Gecko has raised more than $340 million from investors including Cox Enterprises and Drive Capital.
– **Meter** – $1.25 billion: Offering managed internet infrastructure services, Meter raised a $170 million Series C, reaching a valuation of $1.25 billion. Founded in 2015, Meter has secured over $250 million in funding from investors like General Catalyst and Sequoia Capital.
### Tech and VC heavyweights join the Disrupt 2025 agenda
– **Thinking Machines** – $10 billion: Founded in 2024 by OpenAI alum Mira Murati, Thinking Machines raised a $2 billion seed round, valuing the company at $10 billion. Investors include a16z and Nvidia.
– **Kalshi** – $2 billion: The prediction markets company, founded in 2018, raised a $185 million Series C, reaching a $2 billion valuation. Kalshi has raised over $290 million from investors like Sequoia and Global Founders Capital.
– **Decagon** – $1.5 billion: This customer service AI agent company, founded in 2023, raised a $131 million Series C, valuing the company at $1.5 billion. Decagon has raised more than $231 million from investors including a16z and Accel.
### May
– **Pathos** – $1.6 billion: Founded in 2020, Pathos, a drug development company, raised a $365 million Series D, reaching a valuation of $1.6 billion. Pathos has raised over $460 million from investors like General Catalyst and Altimeter Capital Management.
– **Statsig** – $1.1 billion: This product development platform, founded in 2021, raised a $100 million Series C, valuing the company at $1.1 billion. Statsig has raised approximately $153 million from investors including Sequoia, Madrona, and ICONIQ Growth.
– **SpreeAI** – $1.5 billion: This shopping tech company, founded in 2020, raised an undisclosed round, bringing its valuation to $1.5 billion. SpreeAI has raised over $20 million from investors like the Davidson Group.
Chapter — $1.38 billion: Medicare guide health tech company, Chapter, 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: Orlando-based data protection company, Threatlocker, last raised a $60 million Series E, valuing the company at $1.2 billion, according to PitchBook. Founded in 2017, the company has raised more than $200 million in funding to date from investors, including General Atlantic and StepStone Group.
Cyberhaven — $1 billion: Data detection company, Cyberhaven, last raised a $100 million Series D in April, valuing the company at $1 billion, according to PitchBook. Launched in 2015, the company has raised more than $200 million in funding to date, with investors including Khosla Ventures and Redpoint Ventures.
March
Fleetio — $1.5 billion: Alabama-based startup Fleetio 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. Launched in 2012, the company has raised $624 million in funding to date, with investors including Elephant and Growth Equity at Goldman Sachs Alternatives.
The Bot Company — $2 billion: Robotics platform, The Bot Company, last raised a $150 million early-stage round, valuing it at $2 billion, according to PitchBook. Founded in 2024, the company has raised $300 million to date in funding.
Celestial AI — $2.5 billion: AI company, Celestial AI, raised a $250 million Series C led by Fidelity, valuing the company at $2.5 billion, per Crunchbase. Based in California and launched in 2020, the company 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: Sports gaming company, Underdog Fantasy, last raised a $70 million Series C, valuing the company at $1.3 billion, according to Crunchbase. Founded in 2020, the company has raised more than $100 million in capital to date, with investors including Spark Capital.
Build Ops — $1 billion: Software company, Build Ops, last raised a $122.6 million Series C, valuing it at $1 billion. Launched in 2018, Build Ops has raised $273 million in total, according to PitchBook, with investors including Founders Fund and Fika Ventures.
Insilico Medicine — $1 billion: Drug research company, Insilico Medicine, raised a $110 million Series E, valuing the company at $1 billion, per Crunchbase. Launched in 2014, the company has raised more than $500 million to date in capital and counts Lilly Ventures and Value Partners Group as investors.
Olipop — $2 billion: Probiotic soda company, Olipop, last raised a $137.9 million Series C at a $1.96 billion valuation. Founded in 2018, Olipop has raised $243 million to date, with investors including Scoop Ventures and J.P. Morgan Growth Equity Partners.
Peregrine — $2.5 billion: Data analysis and integration platform, Peregrine, launched in 2017, last raised a $190 million Series C with a valuation of $2.5 billion. The company has raised more than $250 million in funding to date, according to PitchBook, with investors including Sequoia and Fifth Down Capital.
Assured — $1 billion: AI company, Assured, helps process claims and last raised a $23 million Series B, valuing the company at $1 billion. Launched in 2019, Assured has raised a little more than $26 million to date, with investors including ICONIQ Capital and Kleiner Perkins.
February
Abridge — $2.8 billion: Medtech company, Abridge, 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: Medtech company, OpenEvidence, 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: Data platform, Hightouch, 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: Personal finance platform, Kikoff, last raised an undisclosed amount that valued it at $1 billion, according to PitchBook. Founded in 2019, Kikoff 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: Computer vision startup, Netradyne, founded in 2015, raised a $90 million Series D valuing it at $1.35 billion, according to Crunchbase. The round was led by Point72 Ventures.
Hippocratic AI, Truveta, Clay, Mercor, and Loft Orbital: Startups on the Rise
Hippocratic AI, founded in 2023, is making waves in the healthcare industry with its innovative healthcare models. The startup recently raised a substantial $141 million Series B round, leading to a valuation of $1.64 billion, as reported by Crunchbase. Kleiner Perkins spearheaded this funding round, showcasing confidence in the company’s potential.
Truveta, a genetic research company established in 2020, is also gaining attention in the investment landscape. With a recent $320 million funding round, the company now boasts a valuation of $1 billion, according to Crunchbase. Notable investors in Truveta include the CVCs from Microsoft and Regeneron Pharmaceuticals.
Clay, an AI sales platform founded in 2017, is another startup that has attracted significant investment. The company recently secured a $40 million Series B round, resulting in a valuation of $1.25 billion, as reported by PitchBook. With backing from prominent investors like Sequoia, First Round, Boldstar, and Box Group, Clay is poised for further growth and success.
