In 2025, At Least 36 New Tech Unicorns Have Emerged So Far.

With AI generating buzz among investors, a growing number of startups are attaining unicorn status each month.

Utilizing data from Crunchbase and PitchBook, TechCrunch has pinpointed the VC-backed startups that have entered the unicorn club this year. While many hail from the AI domain, other industries, such as satellite technology—like Loft Orbital—and blockchain trading platforms—like Kalshi—are also represented.

This list will be regularly updated throughout the year, so be sure to check back for the latest remarkable startups now valued at over $1 billion.

June

Linear — $1.25 billion: This product management tool for software development recently completed an $82 million Series C round, raising its valuation to $1.25 billion, as stated by Pitchbook. Launched in 2019, it has garnered over $130 million from investors like Accel and Sequoia Capital.

Gecko — $1.62 billion: Renowned for its data-collecting robotics that can climb, crawl, swim, and fly, Gecko achieved a $121 million Series D round, valuing it at $1.6 billion according to Pitchbook. Since its founding in 2013, it has attracted over $340 million in funding from backers such as Cox Enterprises and Drive Capital.

Meter — $1.38 billion: Specializing in managed Internet infrastructure services, this company raised $170 million in Series C funding, reaching a valuation of $1.38 billion according to Pitchbook. Founded in 2015, it has garnered more than $250 million from investors including General Catalyst and Sequoia Capital.

Teamworks — This sports software firm completed a $247 million Series F funding round, giving it a valuation of $1.25 billion according to Pitchbook. Established in 2006, it has received over $400 million in funding from investors such as Seaport Capital and General Catalyst.

Thinking Machines — Founded by former OpenAI staffer Mira Murati last year, this AI research firm raised an impressive $2 billion in seed funding, resulting in a $10 billion valuation according to Pitchbook. Key investors include a16z and Nvidia.

Kalshi — $2 billion: This prominent prediction markets platform raised an $185 million Series C round, increasing its valuation to $2 billion according to Pitchbook. Since its inception in 2018, it has garnered over $290 million from investors like Sequoia and Global Founders Capital.

Decagon — This AI-powered customer service agency launched in 2023, raised a $131 million Series C, achieving a valuation of $1.5 billion according to Pitchbook. It has raised over $231 million, backed by investors like a16z and Accel.

May

Pathos — $1.6 billion: This drug development firm, founded in 2020, completed a $365 million Series D round, resulting in a valuation of $1.6 billion, according to Pitchbook. It has raised over $460 million from investors such as General Catalyst and Altimeter Capital Management.

Statsig — $1.1 billion: This product development platform established in 2021 raised a $100 million Series C round, resulting in a valuation of $1.1 billion based on Pitchbook data. It has secured around $153 million from backers including Sequoia, Mardona, and ICONIQ Growth.

SpreeAI — $1.5 billion: This shopping technology firm raised an undisclosed funding round, bringing its valuation to $1.5 billion according to Pitchbook. Founded in 2020, it has collected over $20 million from investors like The Davidson Group.

Function — $2.5 billion: This health tech company, established in 2020, raised $200 million in funding, reaching a valuation of $2.5 billion per Pitchbook. It has amassed over $250 million so far, with backing from a16z.

Owner — $1 billion: This restaurant marketing software firm, founded in 2018, raised a $120 million Series C, bringing its valuation to $1 billion according to Pitchbook. It has secured over $180 million from investors including Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital.

Awardco — $1 billion: This employee engagement platform recently secured $165 million in Series B funding, valuing it at $1 billion as per Pitchbook. Established in 2012, it has raised over $230 million from investors such as General Catalyst.

April

Nourish — $1 billion: This telehealth firm specializing in dietitian services raised $70 million in Series B funding, achieving a valuation of $1 billion according to Pitchbook. Founded in 2020, it has secured over $100 million from investors like Index Ventures and Thrive Capital.

Chapter — $1.38 billion: This Medicare guidance technology firm, established in 2013, raised a $75 million Series D round, valuing it at $1.38 billion according to Pitchbook. It has attracted $186 million in funding, with investors including XYZ Venture Capital and Narya.

Threatlocker — $1.2 billion: This Orlando-based data protection firm raised $60 million in a Series E round, bringing its valuation to $1.2 billion according to Pitchbook. Established in 2017, it has raised over $200 million from investors like General Atlantic and StepStone Group.
Cyberhaven — $1 billion: This data detection company secured $100 million in Series D funding in April, achieving a valuation of $1 billion as per Pitchbook. Founded in 2015, it has raised over $200 million from investors like Khlosa Ventures and Redpoint Ventures.

March

Fleetio — $1.5 billion: This startup based in Alabama creates software to streamline fleet operations. It recently completed a $454 million Series D round, raising its valuation to $1.5 billion, according to PitchBook. Established in 2012, it has secured $624 million in funding from investors such as Elephant and Growth Equity at Goldman Sachs Alternatives.

The Bot Company — $2 billion: This robotics platform achieved a $150 million early-stage funding round, leading to a valuation of $2 billion as per PitchBook. Founded in 2024, it has raised a total of $300 million.

Celestial AI — $2.5 billion: This AI firm raised $250 million in Series C funding, led by Fidelity, achieving a valuation of $2.5 billion, according to Crunchbase. Founded in 2020 and based in California, it has secured over $580 million in funding, with investors like BlackRock and Engine Ventures.

Underdog Fantasy — $1.3 billion: This sports gaming company completed a $70 million Series C round, giving it a valuation of $1.3 billion as per Crunchbase. Established in 2020, it has raised more than $100 million overall, with investors including Spark Capital.

Build Ops — $1 billion: This software firm raised $122.6 million in Series C funding, achieving a $1 billion valuation. Launched in 2018, it has raised $273 million overall according to PitchBook, with backers such as Founders Fund and Fika Ventures.

Insilico Medicine — $1 billion: This drug research firm completed a $110 million Series E round, resulting in a $1 billion valuation according to Crunchbase. Founded in 2014, it has raised over $500 million from investors like Lilly Ventures and Value Partners Group.

Olipop — $2 billion: This popular probiotic soda brand raised $137.9 million in Series C funding, achieving a valuation of $1.96 billion. Founded in 2018, it has attracted $243 million to date from investors like Scoop Ventures and J.P. Morgan Growth Equity Partners.

Peregrine — $2.5 billion: This data analysis and integration platform raised $190 million in Series C funding, reaching a valuation of $2.5 billion. Launched in 2017, it has received over $250 million in funding according to PitchBook, with investors like Sequoia and Fifth Down Capital.

Assured — $1 billion: This AI-focused company that processes claims secured $23 million in Series B funding, resulting in a valuation of $1 billion. Founded in 2019, it has raised just over $26 million so far, with support from ICONIQ Capital and Kleiner Perkins.

February

Abridge — $2.8 billion: This medtech firm, established in 2018, recently raised $250 million in Series D funding, reaching a valuation of $2.75 billion as per PitchBook. It has raised over $460 million overall, with notable investors like Elad Gil and IVP.

OpenEvidence — $1 billion: This medtech company, founded in 2017, completed a $75 million Series A funding round, valuing it at $1 billion according to PitchBook. It has raised $135 million to date, with Sequoia Capital among its investors.

Hightouch — $1.2 billion: Launched in 2018, this data platform secured $80 million in Series C funding at a $1.2 billion valuation per PitchBook. It has raised $171 million so far, with investors including Sapphire Ventures and Bain Capital Ventures.

January

Kikoff — $1 billion: This personal finance platform recently received undisclosed funding, valuing it at $1 billion according to PitchBook. Founded in 2019, it has secured $42.5 million to date and counts Female Founders Fund, Lightspeed Venture Partners, and basketball star Steph Curry among its investors.

Netradyne — $1.35 billion: This computer vision startup raised $90 million in Series D funding, achieving a $1.35 billion valuation according to Crunchbase. The funding round was led by Point72 Ventures.

Hippocratic AI — $1.6 billion: This startup, established in 2023, is focused on creating healthcare models. It raised $141 million in Series B funding, leading to a valuation of $1.64 billion based on Crunchbase data. The round was led by Kleiner Perkins.

Truveta — $1 billion: This genetic research firm raised $320 million in funding, achieving a valuation of $1 billion as per Crunchbase. Founded in 2020, it has notable investors including CVCs from Microsoft and Regeneron Pharmaceuticals.

Clay — $1.25 billion: Clay is an AI sales platform launched in 2017. It raised a $40 million Series B, achieving a valuation of $1.25 billion according to PitchBook. The company has secured over $100 million to date, attracting investments from Sequoia, First Round, Boldstart, and Box Group.

Mercor — $2 billion: This contract recruiting startup raised $100 million in Series B funding, valuing it at $2 billion. Founded in 2022, its investors include Felicis, Menlo Ventures, Jack Dorsey, Peter Thiel, and Anthology Fund.

Loft Orbital — $1 billion: Founded in 2017, this satellite company completed a $170 million Series C funding round, achieving a valuation of $1 billion according to Crunchbase. This funding round included participation from Temasek and Tikehau Capital.

This post was updated to clarify the operations of Peregrine.