Unicorns Startups of 2024: Resilience and Innovation

Despite the tight venture capital market, unicorns are still emerging every month, showcasing the relentless innovation and adaptability of the startup ecosystem. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch has tracked the newly minted unicorns of 2024. This list features a variety of sectors, including AI, cybersecurity, health tech, and fintech, demonstrating that groundbreaking ideas continue to attract significant investment.

Notable Unicorns by Month

July Highlights

  1. Aven – Valued at $1 billion
    • Industry: Consumer Credit Cards
    • Funding: $142 million Series D led by Khosla Ventures and General Catalyst
    • Founded: 2019
  2. Flo Health – Valued at $1 billion
    • Industry: Health Tech (Fertility-Tracking App)
    • Funding: $200 million Series C
    • Founded: 2015
  3. Altana Technologies – Valued at $1 billion
    • Industry: Global Supply Chain Management
    • Funding: $200 million Series C
    • Founded: 2018
  4. Chainguard – Valued at $1.1 billion
    • Industry: Cybersecurity
    • Funding: $140 million Series C
    • Founded: 2021
  5. Harvey – Valued at $1.5 billion
    • Industry: Legal AI Platform
    • Funding: $100 million from Google Ventures, OpenAI, and others
    • Founded: 2021
  6. Saronic Technologies – Valued at $1 billion
    • Industry: Defense Tech (Autonomous Surface Vessels)
    • Funding: $175 million Series B
    • Founded: 2019

June Highlights

  1. Huntress – Valued at $1.55 billion
    • Industry: Cybersecurity (Extended Detection and Response)
    • Funding: $150 million Series D
    • Founded: 2015
  2. xAI – Valued at $24 billion
    • Industry: AI (Multimodal Large Language Model)
    • Funding: $6 billion Series B
    • Founded: 2023
  3. BillionToOne – Valued at $1 billion
    • Industry: Genetic Testing
    • Funding: $130 million Series D
    • Founded: 2016

May Highlights

  1. Altruist – Valued at $1.5 billion
    • Industry: Fintech (Investment Management)
    • Funding: $169 million Series E
    • Founded: 2018
  2. Weka – Valued at $1.6 billion
    • Industry: SaaS Data Storage (AI Use Cases)
    • Funding: $140 million Series E
    • Founded: 2013
  3. Farcaster – Valued at $1 billion
    • Industry: Blockchain Social Media
    • Funding: $150 million Series A
    • Founded: 2021
  4. Sigma Computing – Valued at $1.5 billion
    • Industry: AI-driven Big Data Analytics
    • Funding: Raised almost $560 million to date
    • Founded: 2014
  5. Humanity Protocol – Valued at $1 billion
    • Industry: Blockchain Palm-Scanning Identity
    • Funding: $30 million Seed Round
    • Founded: 2023

April Highlights

  1. Cyera – Valued at $1.5 billion
    • Industry: Data Security
    • Funding: $300 million Series C
    • Founded: 2021
  2. Monad Labs – Valued at $3 billion
    • Industry: Blockchain (Ethereum)
    • Funding: $225 million Series A
    • Founded: 2023
  3. Nexamp – Valued at $1.5 billion
    • Industry: Clean Energy
    • Funding: $520 million (debt and venture financing)
    • Founded: 2007
  4. Grow Therapy – Valued at $1.4 billion
    • Industry: Health Tech (Therapist Finder)
    • Funding: $88 million Series C
    • Founded: 2020
  5. Cognition AI – Valued at $2 billion
    • Industry: AI Software Engineer
    • Funding: $175 million Series B
    • Founded: 2023
  6. Xaira Therapeutics – Valued at $2.7 billion
    • Industry: AI Drug Discovery
    • Funding: $1 billion Series A
    • Founded: 2023

March Highlights

  1. io.net – Valued at $1 billion
    • Industry: Cloud Service for AI Models
    • Funding: $33 million Series A
    • Founded: 2019
  2. Perplexity – Valued at $1 billion
    • Industry: AI Search Engine
    • Funding: $73.6 million Series B and $62.7 million
    • Founded: 2021
  3. Octane – Valued at $1.1 billion
    • Industry: Instant Financing (Mowers and Recreational Vehicles)
    • Funding: $50 million
    • Founded: 2014
  4. Celestial AI – Valued at $1.2 billion
    • Industry: AI (Cloud Computing Platform)
    • Funding: $175 million Series C
    • Founded: 2018
  5. IntraBio – Valued at $1 billion
    • Industry: Neurodegenerative Diseases Drug Discovery
    • Funding: $40 million
    • Founded: 2015
  6. Liquid Death – Valued at $1.4 billion
    • Industry: Beverage
    • Funding: $67 million
    • Founded: 2017

February Highlights

  1. Blink Health – Valued at $1.3 billion
    • Industry: Online Pharmacy
    • Funding: $81 million in private equity
    • Founded: 2014
  2. NinjaOne – Valued at $1.9 billion
    • Industry: Mobile Device Management and Security
    • Funding: $231 million Series C
    • Founded: 2014
  3. Ascend Elements – Valued at $1.6 billion
    • Industry: Sustainable Battery
    • Funding: $162 million
    • Founded: 2015
  4. Lambda – Valued at $1.5 billion
    • Industry: GPU Cloud Computing for AI
    • Funding: $320 million Series C and $800 million in July
    • Founded: 2015
  5. EigenLayer – Valued at $1.1 billion
    • Industry: Ethereum Staking
    • Funding: $100 million Series B
    • Founded: 2021
  6. Figure – Valued at $2.6 billion
    • Industry: Humanoid Robots
    • Funding: $675 million Series B
    • Founded: 2021
  7. Together AI – Valued at $1.25 billion
    • Industry: Cloud Service for Open Source AI Models
    • Funding: $106 million
    • Founded: 2020
  8. Bugcrowd – Valued at $1 billion
    • Industry: Crowdsourced Bug-Fixing Cybersecurity
    • Funding: $102 million Series E
    • Founded: 2012

January Highlights

  1. ElevenLabs – Valued at $1 billion
    • Industry: AI Text-to-Speech Generator
    • Funding: $80 million Series B
    • Founded: 2017
  2. Quantinuum – Valued at $5.3 billion
    • Industry: Quantum Computing Cloud Service
    • Funding: $300 million
    • Founded: 2021
  3. Zūm – Valued at $1.3 billion
    • Industry: School Transportation Fleet Management
    • Funding: $140 million Series E
    • Founded: 2015

Conclusion

The steady creation of unicorns in 2024, despite the challenging venture capital market, is a testament to the enduring power of innovation. From AI and cybersecurity to health tech and fintech, these startups are pushing the boundaries of what’s possible and attracting substantial investments. Keep an eye on this dynamic landscape as new powerhouses continue to emerge throughout the year.

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Categorized as Startups

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