November brought another strong showing for The Crunchbase Unicorn Board with 19 companies joining the ranks of billion-dollar startups.
The largest round went to Jeff Bezos’ Project Prometheus, which has reportedly raised billions of dollars out of...
November brought another strong showing for The Crunchbase Unicorn Board with 19 companies joining the ranks of billion-dollar startups.
The largest round went to Jeff Bezos’ Project Prometheus, which has reportedly raised billions of dollars out of the gate with the intent to develop AI for manufacturing in aerospace, automobiles and computers.
Among the sectors for new unicorn creation last month, AI led once again. The largest number of companies hailed from the data and model side as well as workflow applications. At least 13 of the 19 new unicorns have AI at the center of what they do.
Other sectors with two or more new unicorns were healthcare and defense.
Fourteen of November’s new unicorns are U.S.-based. The remaining five companies were each from China, India, Hong Kong, Canada and Denmark.
In the U.S., Palo Alto rivaled San Francisco and Austin with three companies from the Silicon Valley city, compared to two each from the other cities.
New unicorns
Here are November’s 19 newly minted unicorns.
AI data and models
AI workflow applications
Healthcare
Defense
Media and entertainment
Financial services
Web3
Transportation
Insurance
Govtech
And here’s one we missed from the end of October. Commercial space station developer Vast raised a $150 million Series A led by IQT, a fund affiliated with U.S. national security. The 4-year-old Long Beach, California-based company was valued at $1.9 billion.
Related Crunchbase unicorn lists:
Related reading:
Methodology
The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. New companies are added to the Unicorn Board as they reach the $1 billion valuation mark as part of a funding round.
The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.
Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to The Exited Unicorn Board.
Exits analyzed here only include the first time a company exits.
Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.
Illustration: Dom Guzman
