2025’s 100+ New Tech Unicorns: The Full List
▼ Summary
– TechCrunch is tracking venture-backed startups that achieved a $1 billion+ valuation (unicorn status) in 2025, with the list being updated throughout the year.
– While a significant number of these new unicorns are AI-focused, the list also includes companies from diverse sectors like space, blockchain, biotech, and energy.
– The unicorns span a wide range of valuations, from $1 billion to as high as $10 billion for the AI research company Thinking Machines.
– Many of the listed companies were founded very recently, with several, such as Unconventional AI and Tempo, being founded in 2025 itself.
– The data shows substantial venture capital investment, with companies raising seed rounds in the hundreds of millions and later-stage rounds exceeding $1 billion.
The landscape of venture capital saw a remarkable surge in 2025, with over a hundred startups achieving the coveted unicorn status of a billion-dollar valuation. Fueled by an intense investor focus on artificial intelligence, the year’s cohort is dominated by AI innovators, yet also features a significant number of breakthroughs in sectors like space technology, biotechnology, and blockchain. This dynamic list, compiled from leading data sources, provides a comprehensive look at the new titans of industry, organized by their emergence throughout the year.
December welcomed several high-value entrants. Heven Aerotech, building hydrogen-powered drones, reached a $1 billion valuation. Unconventional AI, founded by a former Databricks executive, secured a massive $475 million seed round for its energy-efficient AI computers, achieving a $4.5 billion valuation. In cybersecurity, Saviynt attained a $3 billion valuation, while companies like Serval (AI for IT tasks) and Chai Discovery (biochemical modeling) joined the unicorn ranks. Other notable additions included the nuclear energy firm Radiant, defense-tech company HawkEye 360, vertical farming pioneer Oishii, and the crypto-focused bank Erebor.
November was another active month. Main Func and Gamma entered the scene with valuations of $1.25 billion and $2.1 billion, respectively, focusing on AI task automation and AI-generated visuals. The AI video generation company Luma soared to a $4 billion valuation. Other newcomers included Harmonic (mathematical reasoning AI), Suno (AI music generation), and the identity verification business Proof. A standout was Reflection, an open foundation model builder that secured an $8 billion valuation after a substantial funding round.
October saw the rise of foundational AI infrastructure companies. Fireworks AI, a platform for open-source models, hit a $4 billion valuation. Modal (AI cloud computing) and LangChain (agent engineering) also became unicorns. Beyond AI, companies like Tempo (blockchain payments) and Stoke (sustainable rockets) achieved multi-billion dollar valuations, showcasing the diversity of investor interest.
The September cohort highlighted AI’s application across enterprises. You.com, an enterprise AI platform, and Baseten, focusing on model inference, became unicorns. Invisible brought AI to manufacturing floor analysis, while Distyl and Modular offered platforms for integrating AI into business workflows. Health tech was also prominent, with Thyme Care (oncology) and Strive Health (kidney care) joining the list, alongside the home battery company Base.
August introduced unicorns like Shrapnel in video game development and Fal, a platform for AI-generated media. CompanyCam applied AI to construction site management, while Field AI focused on autonomous robot operations. The material science startup Periodic Labs and the prediction market Polymarket, with a striking $9 billion valuation, rounded out the month.
July featured companies at the intersection of technology and critical industries. Castellion, developing military strike systems, and MaintainX, offering operations management software, became unicorns. Tala Health leveraged AI for personalized virtual care, and the newsletter platform Substack reaffirmed its market position. Ambience, an AI medical scribe, and the open-source AI platform Anaconda also achieved unicorn status.
June was headlined by Thinking Machines, an AI research firm founded by an OpenAI alum that reached a formidable $10 billion valuation. Other entrants included Linear (software development tools), Gecko (data-gathering robots), and the prediction markets company Kalshi.
Earlier in the year, from May back to January, a wide array of companies crossed the billion-dollar threshold. These included Pathos in drug development, Statsig for product experimentation, and the restaurant software provider Owner. Spring months saw unicorns in telehealth (Nourish), data security (Threatlocker, Cyberhaven), and fleet management (Fleetio). The first quarter also celebrated the probiotic soda brand Olipop and the AI claims processor Assured.
The year began with strong showings in January and February, featuring medtech firms like Abridge and OpenEvidence, the data platform Hightouch, and the genetic research company Truveta. Notable early-year entrants also included the satellite company Loft Orbital and the AI sales platform Clay, underscoring the broad technological frontier attracting massive investment. This list continues to evolve, capturing the powerful momentum driving the next generation of industry leaders.
(Source: TechCrunch)
