In 2025, at least 36 new tech unicorns have emerged so far

2025 saw 36 tech unicorns, largely AI-focused, shaking the startup and investment scene.

: The emergence of at least 36 new tech unicorns in 2025 highlights a growing trend, particularly in artificial intelligence, driving a surge in valuations. Despite the dominance of AI, there are notable entries such as Loft Orbital in satellite technology and Kalshi in blockchain. This expansion across industries reflects significant investments, with firms like Thinking Machines achieving a $10 billion valuation just a year after inception. This trend is bolstered by data sources like Crunchbase and PitchBook, which help track the financial milestones of these emerging companies.

In the vibrant landscape of 2025, at least 36 new tech unicorns have emerged, showcasing robust growth and investment in the tech sector. Unicorns, which are privately held startup companies valued at over $1 billion, have particularly surged in industries focused on artificial intelligence (AI). The rise in AI unicorns is partly driven by the intensified investor interest in the transformative potential of AI technologies across various applications. Notable among these is Thinking Machines, an AI research company valued at $10 billion, founded by OpenAI alumnus Mira Murati. It reflects a growing trend where innovative AI startups quickly gain high valuations due to their potential to revolutionize industries.

The expansion into unicorn status is not limited to AI alone. Companies like Loft Orbital and Kalshi highlight the diversification of the unicorn landscape. Loft Orbital, a satellite space company, has leveraged the increasing demand for space-based data to elevate its valuation, while Kalshi, a blockchain-based trading site, epitomizes the growing trust in blockchain technology and its applications in financial markets. These startups underline the broader shift towards embracing new technologies beyond software, continuing to redefine industries with their innovative solutions.

List of 36 Unicorn Startups from January to June

June

  1. Linear – $1.25B

  2. Gecko Robotics – $1.62B

  3. Meter – $1.38B

  4. Teamworks – $1.25B

  5. Thinking Machines – $10B

  6. Kalshi – $2B

  7. Decagon – $1.5B

May

  1. Pathos – $1.6B

  2. Statsig – $1.1B

  3. SpreeAI – $1.5B

  4. Function – $2.5B

  5. Owner – $1B

  6. Awardco – $1B

April

  1. Nourish – $1B

  2. Chapter – $1.38B

  3. Threatlocker – $1.2B

  4. Cyberhaven – $1B

March

  1. Fleetio – $1.5B

  2. The Bot Company – $2B

  3. Celestial AI – $2.5B

  4. Underdog Fantasy – $1.3B

  5. Build Ops – $1B

  6. Insilico Medicine – $1B

  7. Olipop – $2B

  8. Peregrine – $2.5B

  9. Assured – $1B

February

  1. Abridge – $2.8B

  2. OpenEvidence – $1B

  3. Hightouch – $1.2B

January

  1. Kikoff – $1B

  2. Netradyne – $1.35B

  3. Hippocratic AI – $1.6B

  4. Truveta – $1B

  5. Clay – $1.25B

  6. Mercor – $2B

  7. Loft Orbital – $1B

Funding activity in 2025 has also seen significant boosts with multiple substantial fundraises. Startups such as Linear, Gecko, and Function Health underscore the range of the investment landscape, with each securing hundreds of millions of dollars in their respective Series rounds. These companies have collectively raised billions of dollars, involving renowned investors like Sequoia Capital, Accel, and a16z, demonstrating the strong support and confidence in burgeoning tech ventures. The attractiveness of these companies to investors is further substantiated by data repositories like Crunchbase and PitchBook, which meticulously track and validate these developments.

The influence of investment in accelerating startups into unicorns extends to various sectors, with some former non-tech industries becoming tech-centric. The development of predictive markets by companies such as Kalshi and the growth in space technology through firms like Loft Orbital evidence how technological integration is fueling market expansion. Additionally, health tech has gained significant ground, with companies like Thinking Machines focusing on leveraging AI to advance healthcare solutions, indicating a melding of technology with traditional sectors.

The trend for the rest of 2025 points towards continued expansion in these domains, with experts predicting a sustained surge in the number of unicorns, backed by increasing investment in breakthrough technologies. The engagement of diverse investors, infrastructure improvements, and regulatory developments will likely contribute to this upward trajectory. This momentum is anticipated to further amplify the role of tech unicorns in fostering innovation and economic growth globally, extending their influence across multiple sectors and geographies.

Sources: Crunchbase, PitchBook, TechCrunch

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