By Dominic-Madori Davis

Compiled by: TechFlow

Despite challenges in the venture capital market, unicorns continue to emerge every month.

TechCrunch tracked the new unicorns that were created this year, based on data from Crunchbase, CB Insights, and PitchBook. The list includes Elon Musk’s xAI, which has been valued at a staggering $24 billion, as well as many other AI startups. Companies in the cybersecurity, healthtech, and fintech sectors also performed well. This list will be updated throughout the year, so stay tuned for this year’s strong companies!

July

Aven — $1 billion: Founded in 2019, Aven is a consumer credit card company that reached a $1 billion valuation after raising $142 million in a Series D round led by Khosla Ventures and General Catalyst, according to CB Insights.

Flo Health — $1 billion: The fertility tracking app announced a $200 million Series C round that values ​​the company at over $1 billion, TechCrunch reports. Founded in 2015, the company has raised more than $290 million in total from investors including General Atlantic.

Altana Technologies — $1 billion: Founded in 2018, this global supply chain management company closed a $200 million Series C round that valued it at $1 billion. Investors included Salesforce Ventures and the U.S. Innovative Technology Fund. PitchBook notes that the company has raised about $322 million.

Chainguard — $1.1 billion: The cybersecurity company announced a $140 million Series C funding round that values ​​the company at $1.12 billion. Founded in 2021, Chainguard has raised more than $256 million to date from investors including Redpoint Ventures, Lightspeed Venture Partners, and Sequoia Capital.

Harvey — $1.5 billion: Legal AI platform Harvey raised $100 million in funding from investors including Google Ventures, OpenAI, Kleiner Perkins, and Sequoia Capital, bringing its valuation to $1.5 billion. It has now raised a total of $206 million.

Saronic Technologies — $1 billion: Saronic, a defense tech company that makes autonomous surface vessels, raised $175 million in a Series B round led by Andreessen Horowitz at a $1 billion valuation, with participation from 8VC, Caffeinated Capital, and Elad Gil. The company has raised $244.5 million to date, according to PitchBook.

June

Huntress — $1.55 billion: The managed cybersecurity startup, which provides extended detection and response (EDR) technology, closed a $150 million Series D round that values ​​it at $1.55 billion. The company has raised more than $300 million to date. Founded in 2015, its investors include Kleiner Perkins and Sapphire Ventures, according to PitchBook data.

xAI — $24 billion: Founded last year by Elon Musk, this AI startup is now valued at $24 billion after raising $6 billion in Series B funding from investors including Andreessen Horowitz, Craft Ventures, Fidelity Investments, and Sequoia Capital. xAI offers a multimodal large language model called Grok.

BillionToOne — $1 billion: The disease-screening genetic testing company raised $130 million in Series D funding, valuing the company at $1 billion, according to Crunchbase data.

May

Altruist — $1.5 billion: This fintech startup, which provides investment management services to independent registered investment advisors, was founded in 2018. It raised $169 million in a Series E round led by ICONIQ Growth in May, valuing the company at $1.5 billion. The company, which also received investments from Insight Partners and Endeavor Catalyst, has raised more than $450 million to date, according to PitchBook data.

Weka — $1.6 billion: The SaaS data storage company focused on AI use cases closed a $140 million Series E round that values ​​the company at $1.6 billion, according to PitchBook. Founded in 2013, the company has raised about $375 million to date from investors including Valor Equity Partners, Generation Investment Management, and Nvidia.

Farcaster — $1 billion: The open-source blockchain social media startup closed a $150 million Series A round led by Paradigm, bringing its valuation to $1 billion. Founded in 2021, the company is backed by a16z and Union Square Ventures and has raised more than $180 million in funding to date, according to PitchBook.

Sigma Computing — $1.5 billion: This AI-driven big data analytics startup closed a funding round in May that valued it at $1.5 billion. The company has raised nearly $560 million to date, according to Crunchbase.

Humanity Protocol — $1 billion: Founded in 2023, this blockchain palm-print identity startup closed a $30 million seed round that values ​​it at $1 billion. Overall, the company has raised just $30 million from investors including hedge funds Ash Park Capital and Aza Ventures, according to PitchBook data.

April

Cyera — $1.5 billion: Data security provider Cyera successfully raised $300 million in Series C funding in April, valuing the company at $1.5 billion, according to PitchBook. Founded in 2021, the company has raised $460 million in funding to date from investors including Redpoint Ventures and Accel.

Monad Labs — $3 billion: Monad, which is working on a faster version of the Ethereum blockchain, closed a $225 million Series A in April that valued the company at $3 billion. To date, the company has raised more than $244 million from investors including Amber Group and Artichoke Capital.

Nexamp — $1.5 billion: The clean energy company raised $520 million in April, a combination of debt and venture funding that valued the company at $1.08 billion, according to PitchBook. Founded in 2007, the company has raised more than $1.31 billion in funding to date.

Grow Therapy — $1.4 billion: This health tech company, which helps users find the right therapist, was founded in 2020 and raised $88 million in a Series C round in April, valuing the company at $1.4 billion. To date, the company has raised nearly $180 million from investors including Sequoia Capital, Goldman Sachs, and actress Anna Kendrick.

Cognition AI — $2 billion: Cognition, which is developing an AI software engineer called Devin, reportedly raised $175 million in Series B funding in April that valued the company at $2 billion. Founded in 2023, the company has raised $196 million to date from investors including Founders Fund, Khosla Ventures, and Pear, according to PitchBook.

Xaira Therapeutics — $2.7 billion: Founded in 2023, this AI drug discovery startup launched in April with a massive $1 billion Series A round that valued it at $2.7 billion. The company has raised $1 billion in total funding from investors including ARCH Venture Partners, Foresite Capital, Menlo Ventures, Lux Capital, and New Enterprise Associates.

Flip — $1.19 billion: Founded in 2019, the social commerce platform raised a $144 million Series C round in April that valued the company at $1.19 billion, according to PitchBook. To date, the company has raised more than $300 million from investors including ad tech giant AppLovin, Streamlined VC and Mubadala sovereign wealth fund.

March

io.net — $1 billion: This cloud service, which puts GPUs from data centers and cryptocurrency miners into a decentralized network for AI models to use, was founded in 2019. (It was originally geared toward quantitative trading.) It closed a $33 million Series A in March that valued the company at $1 billion, according to PitchBook. The company has raised just $35 million to date, with investors including 6th Man Ventures, Foresight Ventures, and ArkStream Capital.

Perplexity — $1 billion: The famous AI search engine raised $73.6 million in Series B funding in January at a valuation of $520 million, followed by another $62.7 million in April that doubled Perplexity’s valuation to $1.04 billion. The company has raised $165 million to date.

Octane — $1.1 billion: Octane, which provides instant financing for lawn mowers and recreational vehicles, raised $50 million in April, giving it a $1.11 billion valuation. Founded in 2014, the company has raised about $250 million in funding to date from investors including Progressive and Gaingels.

Celestial AI — $1.2 billion: The AI ​​company raised a $175 million Series C round in March that valued it at $1.2 billion, led by billionaire Thomas Tull’s USIT Fund. The company has raised $339 million to date from investors including Koch Disruptive Technologies, Temasek, AMD, Samsung Catalyst Fund, and Porsche Automotive Holding.

IntraBio — $1 billion: IntraBio, a company focused on drug discovery for neurodegenerative diseases, raised $40 million in funding in March at a valuation of about $1 billion, according to Crunchbase data. To date, the company has raised more than $50 million in funding.

Liquid Death — $1.4 billion: TechCrunch reports that the beverage startup’s last funding round was $67 million at a valuation of $1.4 billion. Liquid Death has raised more than $260 million in funding, according to Crunchbase.

February

Blink Health — $1.3 billion: Founded in 2014, the online pharmacy raised $81 million in private equity funding, giving it a $1.28 billion valuation. The company has now received a mix of private equity and venture capital funding, raising more than $250 million to date from investors including 8VC and BoxGroup, according to PitchBook data.

NinjaOne — $1.9 billion: The mobile device management and security company raised $231 million in Series C funding in February, bringing its valuation to $1.9 billion. The company has raised $282.7 million in funding to date from investors including ICONIQ Growth, according to PitchBook data.

Ascend Elements — $1.6 billion: The sustainable battery company raised $162 million in funding in February, bringing its valuation to $1.61 billion, according to PitchBook. To date, the company has raised more than $1 billion from investors including Just Climate, Clearvision Ventures, and Irongrey.

Lambda — $1.5 billion: This GPU cloud computing platform for AI raised a $320 million Series C in February at a valuation of $1.52 billion. It raised another $800 million in July, according to PitchBook. The company has raised nearly $900 million in total, with investors including Garry Tan, Bloomberg Beta, and Alumni Ventures.

EigenLayer — $1.1 billion: EigenLayer is a new project on Ethereum that uses a technology called staking, which involves using Ethereum tokens as collateral. Founded in 2021, the company raised $100 million in Series B funding in February, led by a16z, bringing its valuation to $1 billion, according to PitchBook data. The company has raised more than $160 million in venture capital, with other backers including Blockchain Capital and Apollo Crypto.

Figure — $2.6 billion: The humanoid robotics company raised a $675 million Series B round in February, bringing its valuation to $2.6 billion. In total, Figure has raised nearly $850 million in venture capital, according to PitchBook, from investors including Bezos Expeditions, Calm Ventures, Intel, Nvidia, OpenAI, and Microsoft.

Together AI — $1.25 billion: The company, which raised $675 million in a Series B, raised a $106 million round in February led by Salesforce Ventures that valued the company at $1.25 billion. Together AI has raised more than $232 million in venture capital from investors including Hugging Face, NEA Partners and 137 Ventures, according to PitchBook.

Bugcrowd — $1 billion: The cybersecurity platform for crowdsourcing bug fixes raised $102 million in Series E funding in February, led by General Catalyst, valuing the company at $1 billion, according to Crunchbase. To date, the company has raised more than $180 million in funding.

January

ElevenLabs — $1 billion: This AI text-to-speech generation startup focused on language dubbing raised $80 million in Series B funding in January, bringing its valuation to $1 billion. According to Crunchbase data, ElevenLabs has raised $101 million to date from investors including a16z, Sequoia Capital, and SV Angel.

Quantinuum — $5.3 billion: Founded in 2021, the quantum computing cloud service raised $300 million in funding in January, led by Honeywell, valuing the company at $5.3 billion, according to Crunchbase. IMB Ventures and JPMorgan Chase are also backers, according to PitchBook.

Zūm — $1.3 billion: The school transportation fleet management startup raised $140 million in a Series E round in January led by Singaporean firm GIC, valuing Zūm at $1.3 billion. The company has raised a total of $350 million in funding, according to Crunchbase.

This article updates numbers about Huntress’ valuation and corrects the names of Forsite and Lambda.