2024 Unicorns: 60 US Startups That Reached $1 Billion Valuation

The Continued Rise of Unicorns in a Challenging Funding Landscape

Even with the current constraints in the venture capital market, new companies achieving a $1 billion valuation – often referred to as "unicorns" – continue to emerge on a monthly basis.

Data compiled from sources like Crunchbase, CB Insights, and PitchBook was utilized by TechCrunch to identify these recently established unicorns throughout the current year.

Notable Unicorns of the Year

The roster of new unicorns includes xAI, founded by Elon Musk, which has rapidly attained a valuation of $24 billion. A significant portion of these newly valued companies are focused on the field of Artificial Intelligence.

However, success isn't limited to AI. Substantial growth has also been observed within the cybersecurity, health tech, and fintech sectors.

Ongoing Updates

This compilation will be regularly updated as the year progresses. Readers are encouraged to revisit this list to track the progress of these high-growth companies and observe which new powerhouses are securing funding.

The consistent emergence of unicorns demonstrates resilience and innovation even amidst economic headwinds.

December

Fervo Energy — $1.4 billion: Established in 2017, this clean energy firm specializing in geothermal resources secured $499 million in Series D funding. PitchBook reports this valuation brings the company’s total worth to $1.4 billion.

Notable investors contributing to Fervo Energy’s growth include prominent figures such as Bill Gates, Jeff Bezos, and Richard Branson.

Speak - $1 Billion

Speak — $1 billion: Focusing on advancements in real-time communication technologies, this AI-driven company was founded in 2017.

A recent $78 million Series C funding round, spearheaded by Accel, has resulted in a $1 billion valuation for Speak, as detailed by Crunchbase.

Anysphere - $2.6 Billion

Anysphere — $2.6 billion: This AI coding company, launched in 2022, has rapidly gained traction within the tech industry.

A $100 million Series B investment has propelled Anysphere’s valuation to $2.6 billion, according to Crunchbase. Thrive Capital and Andreessen Horowitz are among the company’s key investors.

Ayar Labs - $1 Billion

Ayar Labs — $1 billion: Dedicated to innovations in AI data solutions, Ayar Labs was founded in 2015.

The company recently completed a $155 million Series D funding round, achieving a valuation of $1 billion, as reported by Crunchbase.

Investors in Ayar Labs include Light Street Capital and Advent International.

November

Physical Intelligence — $2.4 billion: Established in the early months of 2024, this AI and robotics research laboratory secured $400 million in Series A funding, as reported by Crunchbase. This investment resulted in a company valuation of $2.4 billion. Key investors in this round were Jeff Bezos, Lux Capital, and Thrive Capital.

Writer — $1.9 billion: Founded in 2020, this generative AI platform provides comprehensive solutions for enterprise-level applications. A recent $200 million Series C funding round has valued the company at $1.9 billion. The round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth.

Halcyon — $1 billion: This company specializes in anti-ransomware technology and was founded in 2021. Following a $100 million Series C funding raise, as detailed by Crunchbase, Halcyon now holds a valuation of $1 billion. Evolution Equity Partners participated as an investor.

Eon — $1.4 billion: Launched in January 2024, this software provider focuses on data backup solutions. A $70 million Series C funding round, confirmed by TechCrunch, brought the total funding raised in 2024 to $200 million. Consequently, the company is now valued at $1.4 billion. Investors include Sequoia, Lightspeed, Greenoaks, and BOND.

Flex — $1.9 billion: This platform facilitates rent payments and was founded in 2019. A $200 million Series D funding round, according to PitchBook, has established a company valuation of $1.75 billion. To date, the company has secured over $400 million in funding, with support from investors such as Tiger Global Management and Spark Growth Ventures.

October

EvenUp — $1 billion: A substantial $135 million Series D funding round, as reported by Crunchbase, has propelled this legal technology firm to a valuation of $5 billion. Established in 2019, EvenUp’s investor base includes Bain Capital Ventures.

Nimble Robotics — $1 billion: Valued at $1 billion, this company specializing in AI-driven robotics and autonomous logistics secured $106 million in Series C funding, according to PitchBook data. Founded in 2017, Nimble Robotics counts FedEx and Cedar Pine among its investors.

To date, the company has successfully raised a total of $220 million, a figure confirmed in a recent report by TechCrunch.

September 

Rentberry — $1 billion: Established in 2015, this platform specializing in long-term rental listings achieved a $1 billion valuation following a $90 million Series A funding round. To date, the company has secured over $100 million in investment from firms such as 808 Ventures, Zing Capital, and 369 Growth Partners.

Safe Superintelligence — $1 billion: Founded in 2024 by OpenAI co-founder Ilya Sutskever, this AI research organization garnered $1 billion in funding, resulting in a $5 billion valuation. Key investors, as reported by Pitchbook, encompass Nvidia, Sequoia, and a16z.

24M Technologies — $1.3 billion: This company, originating in 2010 with a focus on battery technology development, secured an $87 million Series H investment. This funding round, as detailed by Crunchbase, brought the company’s valuation to $1.3 billion. Volkswagen Group and FujiFilm are also noted as investors, according to Pitchbook.

Twelve — $1 billion: Dedicated to the production of sustainable jet fuel, this company, founded in 2015, completed a $200 million Series C funding round. This resulted in a valuation of $1 billion, with investment contributions from TPG, Capricorn Investment Group, and Pulse Fund, as indicated by Crunchbase.

August 

Groq — $2.8 billion: Established in 2016, this artificial intelligence chip developer secured $640 million in funding during August, spearheaded by Blackrock. This investment resulted in a company valuation of $2.8 billion. To date, Groq has accumulated over $1 billion in funding, with participation from investors such as Type One Ventures and the Samsung Catalyst Fund.

Altana Technologies — $1 billion: Founded in 2018, this organization focusing on global supply chains completed a Series C funding round of $221.4 million. This brought the company’s valuation to $1 billion, as reported by Pitchbook. Altana Technologies has raised more than $340 million overall, attracting investment from firms including Salesforce Ventures and GV.

Story Protocol — $2.45 billion: This blockchain-based company, launched in 2022, received $80 million in Series B funding led by a16z, as indicated by Crunchbase. The funding round established a company valuation of $2.25 billion. Additional investors include Foresight Ventures and Samsung NEXT Ventures, according to Pitchbook.

EliseAI — $1 billion: This AI-driven platform for property management, founded in 2017, most recently raised $75 million in a Series D round. This resulted in a valuation of $1 billion, as per Pitchbook’s data. The total funding raised by EliseAI currently stands at $171.9 million, with support from investors like Sapphire Ventures and Point72 Ventures.

Codeium — $1.3 billion: Launched in 2021, this AI tool specializing in code completion and chat functionality secured $150 million in Series C funding. This investment valued the company at $1.25 billion, according to Pitchbook. Codeium has raised over $240 million to date, with backing from investors including Founders Fund and Base Case Capital.

HomeLight — $1.7 billion: This real estate marketplace, established in 2012, raised $235 million in a Series D funding round. The company was valued at $1.7 billion following this investment, as reported by Pitchbook. HomeLight has secured a total of $524 million in funding from investors including GV, Menlo Ventures, and TriplePoint Capital.

July

Aven — $1 billion: Established in 2019, Aven operates as a provider of consumer credit cards. A valuation of $1 billion was achieved following the completion of a $142 million Series D funding round, spearheaded by Khosla Ventures and General Catalyst, as detailed by CB Insights.

Flo Health — $1 billion: Valued at over $1 billion, this fertility-tracking application secured $200 million in Series C funding, as reported by TechCrunch. Founded in 2015, the company’s total funding now exceeds $290 million, with investments from firms like General Atlantic.

Altana Technologies — $1 billion: Operating within the realm of global supply chain management, Altana Technologies was founded in 2018. A recent $200 million Series C funding round resulted in a $1 billion valuation. Salesforce Ventures and the US Innovative Technology Fund were among the investors, and PitchBook indicates cumulative funding of approximately $322 million.

Chainguard — $1.1 billion: A $140 million Series C investment propelled this cybersecurity firm to a valuation of $1.12 billion. Founded in 2021, Chainguard has secured over $256 million in funding to date, with backing from Sequoia Capital, Lightspeed Venture Partners, and Redpoint Ventures.

Harvey — $1.5 billion: The legal AI platform, Harvey, successfully raised $100 million in a funding round. Investors included Google Ventures, OpenAI, Kleiner Perkins, and Sequoia Capital, resulting in a $1.5 billion valuation. Total funding now amounts to $206 million.

Saronic Technologies — $1 billion: Saronic, specializing in the creation of autonomous surface vessels for defense applications, secured $175 million in Series B funding. This round established a $1 billion valuation, led by Andreessen Horowitz, alongside contributions from 8VC, Caffeinated Capital, and Elad Gil. According to PitchBook, the company has raised a total of $244.5 million.

June

Creatio — $1.2 billion: Established in 2014, the workflow automation platform secured $200 million in funding during a round spearheaded by Sapphire Ventures. This investment resulted in a company valuation of $1.2 billion, as was previously detailed by TechCrunch. Data from Pitchbook indicates that the total funding raised by the company exceeds $260 million.

Huntress — $1.55 billion: Valued at $1.55 billion, the managed cybersecurity startup specializing in extended detection and response (EDR) technology completed a $150 million Series D funding round. To date, the company has accumulated over $300 million in funding. Founded in 2015, Huntress boasts prominent investors such as Kleiner Perkins and Sapphire Ventures, as reported by PitchBook.

xAI — $24 billion: Despite being founded only last year by Elon Musk, this artificial intelligence startup has rapidly achieved a $24 billion valuation. This followed a $6 billion Series B funding round, with support from investors including Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia. xAI’s primary offering is the Grok multimodal large language model.

BillionToOne — $1 billion: A $130 million Series D funding round, as documented by Crunchbase, has brought the valuation of this disease-screening genetic testing company to $1 billion.

May

Altruist — $1.5 billion: Established in 2018, this fintech company provides investment management solutions specifically for independent registered investment advisers. A $169 million Series E funding round, spearheaded by ICONIQ Growth, resulted in a company valuation of $1.5 billion. Data from PitchBook indicates investments have also been received from Insight Partners and Endeavor Catalyst, bringing total funding to over $450 million.

Weka — $1.6 billion: Specializing in data storage as a Service (SaaS) with a focus on Artificial Intelligence applications, Weka completed a $140 million Series E funding round. This valued the company at $1.6 billion, as reported by PitchBook. Founded in 2013, Weka has secured approximately $375 million in funding from investors including Valor Equity Partners, Generation Investment Management, and Nvidia.

Farcaster — $1 billion: This social media startup, built on blockchain technology and operating as open source, secured $150 million in Series A funding led by Paradigm. This investment established a post-money valuation of $1 billion. Launched in 2021, Farcaster is supported by a16z and Union Square Ventures, and has raised over $180 million in funding to date, according to PitchBook.

Sigma Computing — $1.5 billion: Utilizing AI to power its big data analytics platform, this startup achieved a valuation of $1.5 billion through a funding round in May. Crunchbase reports that the company has raised nearly $560 million in total funding.

Humanity Protocol — $1 billion: Founded in 2023, this blockchain-based identity verification startup utilizes palm-scanning technology. A $30 million seed round was secured, resulting in a post-money valuation of $1 billion. PitchBook data shows total investment currently stands at $30 million, with backing from Ash Park Capital and Aza Ventures.

April

Cyera — $1.5 billion:  Cyera, a provider specializing in data security solutions, secured $300 million in Series C funding during April. This investment resulted in a company valuation of $1.5 billion, as reported by PitchBook. Established in 2021, the firm has accumulated $460 million in funding through investments from firms like Redpoint Ventures and Accel.

Monad Labs — $3 billion: Monad Labs is developing a more efficient iteration of the Ethereum blockchain. In April, they completed a $225 million Series A funding round, achieving a $3 billion valuation. The company’s total funding now exceeds $244 million, with contributions from investors including Amber Group and Artichoke Capital.

Nexamp — $1.5 billion: Nexamp, a company focused on clean energy, obtained $520 million in funding, a combination of debt and venture capital. This resulted in a valuation of $1.08 billion, according to PitchBook. Since its founding in 2007, the company has raised over $1.31 billion in total funding.

Grow Therapy — $1.4 billion: Grow Therapy, a health tech platform connecting individuals with therapists, secured $88 million in Series C funding in April. This investment, as per PitchBook, valued the company at $1.4 billion. The company, launched in 2020, has raised nearly $180 million to date from investors such as Sequoia, Goldman Sachs, and Anna Kendrick.

Cognition AI — $2 billion: Cognition AI is pioneering the development of an AI-powered software engineer, known as Devin. They reportedly raised $175 million in a Series B round in April, leading to a $2 billion valuation. Founded in 2023, the company has now raised $196 million, with backing from investors like Founders Fund, Khosla Ventures, and Pear.

Xaira Therapeutics — $2.7 billion: Xaira Therapeutics, an AI-driven drug discovery startup, launched in 2023 with a substantial $1 billion Series A funding round. This gave the company a valuation of $2.7 billion. Total funding to date amounts to $1 billion, originating from investors including ARCH Venture Partners, Foresite Capital, Menlo Ventures, Lux Capital, and New Enterprise Associates.

Flip — $1.19 billion: Flip, a social commerce platform established in 2019, raised $144 million in Series C funding. This resulted in a company valuation of $1.19 billion, according to PitchBook. The company has secured over $300 million in venture funding overall, with investments from AppLovin, Streamlined VC, and Mubadala sovereign wealth fund.

March

io.net — $1 billion: Founded in 2019, this cloud service creates a decentralized network utilizing GPUs sourced from data centers and cryptocurrency miners. This network is designed for use with AI models; initially, the service catered to quantitative trading firms. A $33 million Series A funding round closed in March, as reported by PitchBook, establishing a company valuation of $1 billion.

To date, io.net has secured $35 million in funding. Key investors include 6th Man Ventures, Foresight Ventures, and ArkStream Capital, according to PitchBook.

Perplexity — $1 billion: The well-known AI search engine experienced significant growth in funding. A $73.6 million Series B round was completed in January, resulting in a $520 million valuation.

Further investment of $62.7 million in April effectively doubled Perplexity’s valuation to $1.04 billion. The company’s total funding now exceeds $165 million.

Octane — $1.1 billion: Octane provides immediate financing options for purchases like mowers and recreational vehicles. In April, the company raised $50 million, achieving a post-money valuation of $1.11 billion.

Launched in 2014, Octane has accumulated approximately $250 million in funding. Investors include Progressive and Gaingels, as detailed by PitchBook.

Celestial AI — $1.2 billion: This AI-focused company secured $175 million in Series C funding during March. This investment resulted in a valuation of $1.2 billion, with leadership from USIT fund, managed by billionaire Thomas Tull.

Celestial AI has raised a total of $339 million from investors such as Koch Disruptive Technologies, Temasek, AMD, Samsung Catalyst Fund, and Porsche Automobil Holding.

IntraBio — $1 billion: IntraBio, a company dedicated to discovering drugs for neurodegenerative diseases, completed a $40 million funding round in March. Crunchbase reports this round valued the company at $1 billion.

The company has raised over $50 million in funding to date.

Liquid Death — $1.4 billion:  According to TechCrunch, the beverage startup’s most recent funding round of $67 million resulted in a company valuation of $1.4 billion. Liquid Death has secured more than $260 million in funding, as reported by Crunchbase.

February

Blink Health — $1.3 billion: Established in 2014, this online pharmaceutical service secured $81 million in private equity investment, resulting in a post-money valuation of $1.28 billion. Having received both private equity and venture capital, the company’s total funding exceeds $250 million, with contributions from investors like 8VC and BoxGroup, as reported by PitchBook.

NinjaOne — $1.9 billion: Focused on mobile device management and security, this firm completed a $231 million Series C funding round in February, achieving a $1.9 billion post-money valuation. To date, NinjaOne has garnered $282.7 million in investment, including funding from ICONIQ Growth, according to PitchBook.

Ascend Elements — $1.6 billion: This company, dedicated to sustainable battery technology, obtained $162 million in funding during February. This resulted in a post-money valuation of $1.61 billion, as per PitchBook data. The company has accumulated over $1 billion in funding from investors such as Just Climate, Clearvision Ventures, and Irongrey.

Lambda — $1.5 billion: Providing a GPU cloud computing platform tailored for AI applications, Lambda secured $320 million in a Series C round in February, establishing a post-money valuation of $1.52 billion. An additional $800 million was raised in July, according to PitchBook, bringing the total funding to nearly $900 million, with investors including Garry Tan, Bloomberg Beta, and Alumni Ventures.

EigenLayer — $1.1 billion: EigenLayer is the driving force behind a novel Ethereum project centered around staking, a process utilizing Ether tokens for security purposes. Launched in 2021, the company received a $100 million Series B investment in February, spearheaded by a16z, yielding a $1 billion valuation, as indicated by PitchBook. Total venture funding currently exceeds $160 million, with additional support from Blockchain Capital and Apollo Crypto.

Figure — $2.6 billion: This developer of humanoid robots successfully raised $675 million in a Series B funding round in February, achieving a $2.6 billion valuation. Figure’s total venture funding now approaches $850 million, with investments from Bezos Expeditions, Calm Ventures, Intel, Nvidia, OpenAI, and Microsoft, according to PitchBook.

Together AI — $1.25 billion: This cloud-based service, designed for the execution of open-source AI models, secured $106 million in funding led by Salesforce Ventures, resulting in a post-money valuation of $1.25 billion. Together AI has raised slightly over $232 million in venture funding from investors including Hugging Face, NEA Partners, and 137 Ventures, as reported by PitchBook.

Bugcrowd — $1 billion: This cybersecurity platform, leveraging crowdsourced bug-fixing, completed a $102 million Series E funding round in February, led by General Catalyst, which valued the company at $1 billion, according to Crunchbase. The company has raised more than $180 million in funding to date.

January Funding Rounds

ElevenLabs — $1 billion: A significant $80 million Series B funding round was secured by ElevenLabs in January. This AI-powered text-to-speech company, focused on language dubbing solutions, achieved a post-money valuation of $1 billion.

To date, ElevenLabs has accumulated $101 million in funding. Notable investors include a16z, Sequoia, and SV Angel, as reported by Crunchbase.

Quantum Computing Investment

Quantinuum — $5.3 billion: Established in 2021, Quantinuum, a provider of quantum computing cloud services, received $300 million in funding during January. This investment, spearheaded by Honeywell, resulted in a company valuation of $5.3 billion.

Further backing for Quantinuum comes from IMB Ventures and JPMorgan Chase, according to PitchBook data.

Transportation Technology Gains

Zūm — $1.3 billion: Zūm, a startup specializing in school transportation fleet management, finalized a $140 million Series E funding round in January. The round was led by GIC, a Singapore-based firm, and valued Zūm at $1.3 billion.

The company’s total funding now stands at $350 million, as detailed by Crunchbase.

Note: This article has been updated to reflect accurate valuation figures for Huntress, correct the names of Forsite and Lambda, and provide clarification regarding the products of 24M Technologies.