Despite the tight venture capital market, unicorns are still being created every month.
Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other AI startups. But cybersecurity, health tech and fintech have also done well. This list will be updated throughout the year, so check back and see the powerhouses raising this year!
November
Physical Intelligence — $2.4 billion: This AI robotics lab research, founded in early 2024, raised a $400 million Series A according to Crunchbase, valuing the company at $2.4 billion. Investors include Jeff Bezos, Lux Capital, and Thrive Capital.
Writer — $1.9 billion: This full-stack generative AI platform for the enterprise, founded in 2020, raised a $200 million Series C, valuing the company at $1.9 billion. Premji Invest, Radical Ventures, and ICONIQ Growth co-led the round.
Halcyon — $1 billion. The anti-ransomware company, founded in 2021, raised a $100 million Series C, according to Crunchbase, valuing the company at $1 billion. Investors include Evolution Equity Partners.
Eon — $1.4 billion. This backup software company, founded in January 2024, raised a $70 million Series C, bringing to a total of $200 million raised in 2024 and valuing the company at $1.4 billion, the company confirmed to TechCrunch. Investors…
