AI frontier labs continued to lead The Crunchbase Unicorn Board last month in terms of dollars spent and valuations, but it was hardware — robotics and semiconductors — that added the largest number of new billion-dollar companies in February.
A tot...
AI frontier labs continued to lead The Crunchbase Unicorn Board last month in terms of dollars spent and valuations, but it was hardware — robotics and semiconductors — that added the largest number of new billion-dollar companies in February.
A total of 27 companies joined the Unicorn Board last month, including six robotics companies and four semiconductor-related startups. Healthcare minted three new unicorns, while foundation AI, cloud services, aerospace and financial services each accounted for two companies that joined.
The U.S. once again dominated, with 19 companies joining the board. China tallied four new unicorns, the U.K. contributed two, and India and Germany each added one new unicorn.
Soaring valuations
Overall unicorn values soared in February as OpenAI raised $110 billion at a value of $840 billion, making it the most highly valued private company of all time. Its closest rival, Anthropic, raised $30 billion at a valuation of $380 billion, making it the fourth-largest valued company on the list. Waymo, the autonomous driving technology company, was valued at $126 billion, positioning it among the top 10 most highly valued private companies.
February’s new unicorns
Here are February’s newly minted unicorns.
Robotics
Semiconductor
Healthcare
Cloud services
Foundational AI
Aerospace
Financial services
E-commerce
Coding
Defense
Forecasting
Sales & marketing
Web3
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
