80+ Tech Unicorns Emerge in 2025 Amid AI Funding Frenzy

The year 2025 has seen an unprecedented surge in venture capital funding, minting at least 80 new tech unicorns with valuations exceeding $1 billion. This boom is largely fueled by an investor frenzy around artificial intelligence, though a significant number of these powerhouse startups are also innovating in diverse sectors, including satellite technology and blockchain-based trading. TechCrunch has meticulously tracked these VC-backed companies using data from Crunchbase and PitchBook, providing an ongoing list of the latest entrants to the exclusive unicorn club.

This comprehensive list, which will be updated throughout the year, showcases the dynamic landscape of tech investment and the rapid growth of groundbreaking companies across various industries.

November

Genspark – Valued at $1.25 billion. Founded in 2023, this company builds AI agents to automate tasks. It raised a $275 million Series B round, achieving its $1.25 billion valuation, according to Forbes. Backers include Emergence Capital Partners and LV Technology Ventures.

Gamma – Valued at $2.1 billion. Specializing in AI-generated visuals for platforms like websites, Gamma announced a $68 million Series B led by a16z, pushing its valuation to $2.1 billion. The company launched its first product in 2022, as TechCrunch previously reported.

October

Modal – Valued at $1.1 billion. This AI cloud computing platform, founded in 2021, secured an $87 million Series B round, reaching its $1.1 billion valuation. Investors include Lux Capital and Redpoint Ventures, contributing to its total funding of approximately $110 million to date.

Fireworks AI – Valued at $4 billion. Founded in 2022, this AI infrastructure platform for open-source models raised a $250 million Series C, giving it a $4 billion valuation. With Benchmark Capital and Index Ventures among its investors, Fireworks AI has accumulated over $320 million in funding.

Substrate – Valued at $1 billion. This semiconductor fabrication company, established in 2022, achieved unicorn status after a $100 million seed round. Valor Equity Partners and Founders Fund are among its investors.

Shop My – Valued at $1.5 billion. The marketing and affiliate platform, founded in 2020, closed a $70 million Series B round, bringing its valuation to $1.5 billion. It has raised over $160 million in funding, with Bain Capital Ventures and Bessemer Venture Partners as key investors.

LangChain – Valued at $1.3 billion. This agent engineering platform, founded in 2022, secured a $125 million Series B, valuing it at $1.3 billion. With Sequoia and Benchmark Capital as investors, LangChain has raised around $160 million to date.

New Limit – Valued at $1.6 billion. This precision medicine company, founded in 2021, reached a $1.6 billion valuation after a $45 million funding round. Kleiner Perkins is an investor, and the company has raised over $240 million in total funding.

Tempo – Valued at $5 billion. Founded in 2025, this blockchain payments company achieved a $5 billion valuation following a $500 million Series A round. Thrive Capital is a notable investor.

Lila – Valued at $1.3 billion. This life scientific discovery company, founded in 2023, secured a $235 million Series A, valuing it at approximately $1.3 billion. Braidwell and Collective Global are among its investors, contributing to over $170 million in total funding.

Reflection – Valued at $8 billion. A developer of open foundation models, founded in 2024, Reflection raised a substantial $2 billion Series B, achieving an $8 billion valuation. Light Speed Venture Partners, Nvidia, and Sequoia are partners, with total funding reaching around $2.2 billion.

Stoke – Valued at $2 billion. This sustainable rocket company, founded in 2019, secured a $610 million Series D, valuing it at $2 billion. MaC Venture Capital and the US Innovation Technology Fund are investors, with total funding around $1 billion.

Apex – Valued at $1 billion. Founded in 2022, Apex specializes in building satellites using off-the-shelf components. A $200 million Series D round brought its valuation to $1 billion. Andreessen Horowitz and 8VC are investors, and the company has raised over $500 million to date.

September

You.com – Valued at $1.5 billion. This enterprise AI platform, founded in 2020, helps businesses leverage AI more effectively. It achieved a $1.5 billion valuation after a $100 million Series C. Time Ventures and Cox Enterprises are investors, with total funding exceeding $190 million.

Enveda – Valued at $1.2 billion. This drug discovery analytics platform, founded in 2019, secured a $150 million Series D, valuing it at $1.2 billion. Lux Capital and True Ventures are investors, and Enveda has raised $520 million in funding to date.

Filevine – Valued at $3 billion. The legal case management startup, founded in 2014, reached a $3 billion valuation after a $260 million Series E. Accel and Insight Partners are among its investors.

Baseten – Valued at $2.2 billion. Founded in 2019, this AI company focuses on model inference to help businesses build and deploy AI models efficiently. It raised a $150 million Series D, achieving a $2.2 billion valuation. Greylock and Spark Capital are investors, with total funding over $280 million.

PsiQuantum – Valued at $7 billion. This quantum computing company, founded in 2015, aims to build "one of the world's first useful quantum computers." It secured a $1 billion Series E, with BlackRock, Founders Fund, and Redpoint Ventures as investors. Total funding is around $1.7 billion.

Invisible – Valued at $2 billion. Founded in 2015, this AI technology integrates into manufacturing software to analyze movement on factory floors. A $100 million round brought its valuation to $2 billion. Vanara Capital is an investor, and total funding exceeds $120 million.

Flying Tulip – Valued at $1 billion. This decentralized trading platform, founded in 2025, achieved a $1 billion valuation after a $200 million seed round. CoinFund Management and Susquehanna Capital are investors.

Distyl – Valued at $1.8 billion. Founded in 2022, this platform generates and deploys AI-native workflows into business operations. It raised a $175 million Series B, valuing it at $1.8 billion. Khosla Ventures and Lightspeed Venture Partners are investors, with total funding over $200 million.

Modular – Valued at $1.6 billion. This AI infrastructure platform, founded in 2022, allows enterprises to update AI systems without impacting the entire system. A $250 million round brought its valuation to $1.6 billion. General Catalyst and GV are investors, with total funding around $380 million.

Thyme Care – Valued at $1.5 billion. This oncology platform, founded in 2020, provides personalized cancer care. It secured a $97 million Series D, valuing it at $1.5 billion. a16z and Concord Health Partners are investors, with total funding around $280 million.

Strive Health – Valued at $1.8 billion. This kidney care company, founded in 2018, collaborates with clinicians to manage kidney disease. It raised a $300 million Series D, achieving a $1.8 billion valuation, with NEA as an investor.

Base – Valued at $4 billion. Founded in 2023, this company equips homes with backup batteries. It raised a $1 billion Series C, valuing it at $4 billion. a16z and Valor Equity Partners are investors, with total funding exceeding $1.3 billion.

Eve – Valued at $1.1 billion. This legal AI platform, founded in 2020, assists with tasks like intake, evaluation, and drafting pre-litigation letters. It secured a $103 million Series B, valuing it at $1.1 billion. a16z and Lightspeed Venture Partners are investors, with total funding over $160 million.

Posthog – Valued at $1.4 billion. This platform, founded in 2020, develops devops tools. It raised a $75 million Series E, valuing it at $1.4 billion. GV and YC are investors, and the company has raised over $180 million in funding.

August

Shrapnel – Valued at $1.1 billion. This video game developer, founded in 2014, achieved a $1.1 billion valuation after a $19.5 million Series A. It has raised over $38 million from investors including Gala Games and Griffin Gaming Partners.

Fal – Valued at $4 billion. Founded in 2021, this platform helps developers create images, video, and audio. It raised approximately $250 million in a late-stage round, valuing it at $4 billion. Investors include a16z, Kindred Ventures, and Sequoia Capital, contributing to over $440 million in total funding.

CompanyCam – Valued at $2 billion. This project management platform, founded in 2015, uses AI to enhance job site management efficiency. It secured a $415 million Series C, valuing it at $2 billion. B Capital Group and Insight Partners are investors, with total funding exceeding $450 million.

Field AI – Valued at $2 billion. Founded in 2023, this AI company enables autonomous operation of robots. It raised a $315 million round, achieving a $2 billion valuation. Khosla Ventures and Bezos Expeditions are among its investors, with total funding over $500 million.

Periodic Labs – Valued at $1 billion. This material science company, founded this year, announced a $300 million seed round with a16z as an investor, immediately valuing it at $1 billion.

Polymarket – Valued at $9 billion. Founded in 2017, this trading and betting company has raised over $2 billion in funding from investors including General Catalyst and Founders Fund.

July

Castellion – Valued at $2.8 billion. This company, founded in 2022, creates military systems for scaling and manufacturing strike systems. It raised a $350 million Series B, valuing it at $2.8 billion. Investors include a16z and Lightspeed Venture Partners, contributing to over $460 million in total funding.

Also – Valued at $1 billion. Founded in 2025 and originally incubated within Rivian, this electric mobility company raised a $200 million round, valuing it at $1 billion. Greenoaks Capital and Eclipse Ventures are investors, with total funding over $300 million.

MaintainX – Valued at $2.5 billion. This management software company, founded in 2018, helps businesses assess team performance and manage work orders. It secured a $150 million Series D, valuing it at $2.5 billion. Bain Capital Ventures and Bessemer Venture Partners are investors, with total funding over $240 million.

Tala Health – Valued at $1.2 billion. Founded in 2025, this personalized healthcare company uses AI to provide virtual care, allowing clinicians to use AI agents for diagnosis and treatment. It raised a $100 million seed round, achieving a $1.2 billion valuation, with over $100 million in total funding.

Substack – Valued at $1.1 billion. The newsletter platform, founded in 2017, raised a $100 million Series C, valuing it at $1.1 billion, as reported by Reuters. a16z is among its investors, with total funding over $200 million.

Erebor – Valued at $2 billion. This stealth-mode company, founded in 2025, works with crypto clients and startups. It raised a $250 million seed round, valuing it at $2 billion. Founders Fund is an investor, with total funding over $250 million.

Reka – Valued at $1 billion. This AI model builder company, founded in 2022, raised a $110 million early-stage round, valuing it at $1 billion. Snowflake and Nvidia are among its investors, contributing to over $160 million in total funding.

OnXmaps – Valued at $1.4 billion. Founded in 2009, this mobile mapping company helps users stay on permitted paths by marking property boundaries. It raised a $280 million Series C, valuing it at nearly $1.4 billion. Summit Partners is an investor, with total funding over $380 million.

Ambience – Valued at $1.25 billion. This AI medical scribe, founded in 2020, secured a $243 million Series C, valuing it at $1.25 billion. Investors include OpenAI Startup Fund, a16z, and Kleiner Perkins, with total funding over $340 million.

Anaconda – Valued at $1.5 billion. This AI platform, founded in 2012, offers open-source workflow solutions. It raised a $150 million Series C, valuing it at $1.5 billion. General Atlantic and GIC Private are investors, with total funding over $220 million.

June

Linear – Valued at $1.25 billion. This software development product management tool, founded in 2019, raised an $82 million Series C, valuing it at $1.25 billion. Accel and Sequoia Capital are investors, with total funding over $130 million.

Gecko – Valued at $1.62 billion. Founded in 2013, this company manufactures data-gathering robotics that climb, crawl, swim, and fly. It secured a $121 million Series D, valuing it at $1.6 billion. Cox Enterprises and Drive Capital are investors, with total funding over $340 million.

Meter – Valued at $1.25 billion. This company, founded in 2015, provides managed internet infrastructure services to enterprises. It raised a $170 million Series C, valuing it at $1.25 billion. Investors include General Catalyst, Sequoia Capital, Sam Altman, and Lachy Groom, contributing to over $250 million in total funding.

Teamworks – Valued at $1.25 billion. This sports software company, founded in 2006, raised a $247 million Series F, valuing it at $1.25 billion. Seaport Capital and General Catalyst are investors, with total funding over $400 million.

Thinking Machines – Valued at $10 billion. Founded just last year by OpenAI alum Mira Murati, this AI research company raised a massive $2 billion seed round, valuing it at $10 billion. a16z and Nvidia are among its investors.

Kalshi – Valued at $2 billion. The popular prediction markets company, founded in 2018, secured a $185 million Series C, valuing it at $2 billion. Sequoia and Global Founders Capital are investors, with total funding over $290 million.

Decagon – Valued at $1.5 billion. This customer service AI agent company, founded in 2023, raised a $131 million Series C, valuing it at $1.5 billion. a16z and Accel are investors, with total funding over $231 million.

May

Pathos – Valued at $1.6 billion. This drug development company, founded in 2020, raised a $365 million Series D, valuing it at $1.6 billion. General Catalyst and Altimeter Capital Management are investors, with total funding over $460 million.

Statsig – Valued at $1.1 billion. This product development platform, founded in 2021, secured a $100 million Series C, valuing it at $1.1 billion. Sequoia, Madrona, and ICONIQ Growth are investors, with total funding around $153 million.

Function – Valued at $2.5 billion. This health tech company, founded in 2020, raised a $200 million round, valuing it at $2.5 billion. a16z is an investor, with total funding over $250 million.

SpreeAI – Valued at $1.5 billion. This company, founded in 2020, achieved a $1.5 billion valuation after an undisclosed funding round. The Davidson Group is an investor, with total funding over $20 million.

Owner – Valued at $1 billion. This restaurant marketing software company, founded in 2018, raised a $120 million Series C, valuing it at $1 billion. Investors include Headline, Redpoint Ventures, SaaStr Fund, and Meritech Capital, contributing to over $180 million in total funding.

Awardco – Valued at $1 billion. This employee engagement platform, founded in 2012, secured a $165 million Series B, valuing it at $1 billion. General Catalyst is an investor, with total funding over $230 million.

April

Nourish – Valued at $1 billion. This dietitian telehealth company, founded in 2020, raised a $70 million Series B, valuing it at $1 billion. Index Ventures and Thrive Capital are investors, with total funding over $100 million.

Chapter – Valued at $1.38 billion. This Medicare guide health tech company, founded in 2013, raised a $75 million Series D, valuing it at $1.38 billion. XYZ Venture Capital and Narya are investors, with total funding of $186 million.

Threatlocker – Valued at $1.2 billion. This Orlando-based data protection company, founded in 2017, secured a $60 million Series E, valuing it at $1.2 billion. General Atlantic and StepStone Group are investors, with total funding over $200 million.

Cyberhaven – Valued at $1 billion. This data detection company, launched in 2015, raised a $100 million Series D in April, valuing it at $1 billion. Khosla Ventures and Redpoint Ventures are investors, with total funding over $200 million.

March

Fleetio – Valued at $1.5 billion. This Alabama-based startup, launched in 2012, creates software to streamline fleet operations. It raised a $454 million Series D, achieving a $1.5 billion valuation. Investors include Elephant and Growth Equity at Goldman Sachs Alternatives, contributing to $624 million in total funding.

The Bot Company – Valued at $2 billion. This robotics platform, founded in 2024, raised a $150 million early-stage round, valuing it at $2 billion. It has raised $300 million in total funding to date.

Celestial AI – Valued at $2.5 billion. The California-based AI company, launched in 2020, raised a $250 million Series C led by Fidelity, valuing it at $2.5 billion. BlackRock and Engine Ventures are investors, with over $580 million in capital raised to date.

Underdog Fantasy – Valued at $1.3 billion. The sports gaming company, founded in 2020, secured a $70 million Series C, valuing it at $1.3 billion. Spark Capital is an investor, with total capital raised exceeding $100 million.

Build Ops – Valued at $1 billion. This software company, launched in 2018, raised a $122.6 million Series C, valuing it at $1 billion. Founders Fund and Fika Ventures are investors, with a total of $273 million raised.

Insilico Medicine – Valued at $1 billion. The drug research company, launched in 2014, raised a $110 million Series E, valuing it at $1 billion. Lilly Ventures and Value Partners Group are investors, with over $500 million in capital raised to date.

Olipop – Valued at $2 billion. This popular probiotic soda company, founded in 2018, raised a $137.9 million Series C, valuing it at $1.96 billion. Scoop Ventures and J.P.