Unicorn Startups Remain Strong in 2024

Despite the challenging venture capital market, new unicorns continue to emerge every month. TechCrunch has diligently compiled a list of these newly minted unicorns, showcasing the most prominent ones across diverse sectors like AI, cybersecurity, and fintech. While AI startups have a notable presence, cybersecurity and health tech companies have also experienced significant growth.

• This list is dynamic and will be consistently updated throughout the year, reflecting the evolving landscape of unicorn startups.
• Explore the latest news and insights on these companies, gaining a deeper understanding of their innovations and contributions.

July's New Unicorn Startups

In July, a notable group of unicorn startups emerged, each making their mark in their respective industries.

• Aven, a consumer credit card company, secured a $1 billion valuation after closing a $142 million Series D funding round. This funding was led by Khosla Ventures and General Catalyst.
• Flo Health, the fertility-tracking app, announced a $200 million Series C funding round, pushing its valuation beyond $1 billion. The company has garnered over $290 million in total funding, with General Atlantic as a prominent investor.
• Altana Technologies, a global supply chain management company, closed a $200 million Series C funding round, achieving a $1 billion valuation. Salesforce Ventures and the US Innovative Technology Fund participated in this round.
• Chainguard, a cybersecurity company, secured a $140 million Series C funding round, valuing the company at $1.12 billion. Notable investors include Sequoia Capital, Lightspeed Venture Partners, and Redpoint Ventures.
• Harvey, a legal AI platform, raised $100 million from investors including Google Ventures, OpenAI, Kleiner Perkins, and Sequoia Capital. This funding propelled its valuation to $1.5 billion.
• Saronic Technologies, a defense tech company specializing in autonomous surface vessels, raised a $175 million Series B funding round led by Andreessen Horowitz. This investment brought its valuation to $1 billion.

June's Unicorn Startups

June saw several significant additions to the unicorn landscape, with notable players in cybersecurity and AI emerging.

• Huntress, a managed cybersecurity startup specializing in extended detection and response (EDR) technology, closed a $150 million Series D funding round. This propelled its valuation to $1.55 billion.
• xAI, founded by Elon Musk, is an AI startup already valued at $24 billion. This valuation was achieved after closing a $6 billion Series B funding round supported by investors such as Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia.
• BillionToOne, a disease-screening genetic testing company, raised a $130 million Series D funding round, bringing its valuation to $1 billion.

May's Unicorn Startups

May witnessed a wave of new unicorns emerging across fintech, data storage, and social media.

• Altruist, a fintech startup offering investment management for independent registered investment advisors, secured a $169 million Series E funding round led by ICONIQ Growth, valuing the company at $1.5 billion.
• Weka, a SaaS data storage company specializing in AI use cases, closed a $140 million Series E funding round. This funding valued the company at $1.6 billion.
• Farcaster, an open source, blockchain-based social media startup, closed a $150 million Series A funding round led by Paradigm. This funding resulted in a post-money valuation of $1 billion.
• Sigma Computing, an AI-driven big data analytics startup, raised a round in May that valued the company at $1.5 billion.
• Humanity Protocol, a blockchain palm-scanning identity startup, raised a $30 million seed round, giving it a post-money valuation of $1 billion.

April's Unicorn Startups

April saw a diverse range of unicorn startups emerge across various sectors, including cybersecurity, blockchain, and health tech.

• Cyera, a data security provider, raised a $300 million Series C funding round, valuing the company at $1.5 billion.
• Monad Labs, working on a faster version of the Ethereum blockchain, raised a $225 million Series A funding round, valuing the company at $3 billion.
• Nexamp, a clean-energy company, raised a $520 million round with a mix of debt and venture financing, valuing the company at $1.08 billion.
• Grow Therapy, a therapist-finder health tech company, launched in 2020 and raised an $88 million Series C round. This round valued the company at $1.4 billion.
• Cognition AI, working on an AI software engineer named Devin, reportedly raised a $175 million Series B funding round, valuing the company at $2 billion.
• Xaira Therapeutics, an AI drug discovery startup, launched with a $1 billion Series A funding round, resulting in a valuation of $2.7 billion.
• Flip, a social commerce platform, raised a $144 million Series C funding round, valuing the company at $1.19 billion.

March's Unicorn Startups

March featured a mix of unicorn startups from AI, cloud services, and beverage sectors.

• io.net, a cloud service utilizing GPUs from data centers and cryptocurrency miners, closed a $33 million Series A funding round, valuing the company at $1 billion.
• Perplexity, the AI search engine, raised a $73.6 million Series B funding round in January, followed by an additional $62.7 million in April. This combined funding doubled the company's valuation to $1.04 billion.
• Octane, offering instant financing on mowers and recreational vehicles, raised $50 million in April, resulting in a post-money valuation of $1.11 billion.
• Celestial AI, an AI company, raised a $175 million Series C funding round, valuing the company at $1.2 billion.
• IntraBio, a neurodegenerative diseases drug discovery company, raised a $40 million funding round in March, valuing the company at $1 billion.
• Liquid Death, a beverage startup, secured a $67 million funding round, valuing the company at $1.4 billion.

February's Unicorn Startups

February saw unicorn startups emerge across diverse sectors, including mobile device management, sustainable batteries, and GPU cloud computing.

• Blink Health, an online pharmacy, secured $81 million in private equity funding, resulting in a $1.28 billion post-money valuation.
• NinjaOne, a mobile device management and security company, raised a $231 million Series C funding round, valuing the company at $1.9 billion.
• Ascend Elements, a sustainable battery company, secured a $162 million funding round, resulting in a post-money valuation of $1.61 billion.
• Lambda, a GPU cloud computing platform for AI use, raised a $320 million Series C funding round in February, achieving a post-money valuation of $1.52 billion. The company later secured an additional $800 million round in July.
• EigenLayer, a blockchain startup working on a new project for Ethereum called staking, secured a $100 million Series B funding round, valuing the company at $1 billion.
• Figure, a humanoid robot company, raised a $675 million Series B funding round, resulting in a valuation of $2.6 billion.
• Together AI, a cloud service for running open source AI models, raised a $106 million funding round led by Salesforce Ventures, resulting in a post-money valuation of $1.25 billion.
• Bugcrowd, a crowdsourced bug-fixing cybersecurity platform, secured a $102 million Series E funding round, valuing the company at $1 billion.

January's Unicorn Startups

January marked the emergence of several new unicorns across AI, quantum computing, and school transportation.

• ElevenLabs, an AI text-to-speech generator startup specializing in language dubbing, secured an $80 million Series B funding round, resulting in a post-money valuation of $1 billion.
• Quantinuum, a quantum computing cloud service, raised a $300 million funding round, valuing the company at $5.3 billion.
• Zūm, a school transportation fleet management startup, closed a $140 million Series E funding round, valuing the company at $1.3 billion.