38 unicorn companies have been born in 2024. Which companies in the crypto field are on the list?

Original title: 38 startups have become unicorns so far in 2024: Here's the full list

Original author: Dominic-Madori Davis, TechCrunch

Original translation: TechFlow

Despite the 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 reached a staggering $24 billion valuation, as well as many other AI startups. Companies in the fields of cybersecurity, health technology, and fintech also performed well. This list will continue to 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. It reached a $1 billion valuation after closing a $142 million 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, valuing the company at over $1 billion, according to TechCrunch. 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 US Innovative Technology Fund. PitchBook noted that the company had raised about $322 million.

Chainguard—$1.1 billion:The cybersecurity company announced a $140 million Series C funding round, valuing the company at $1.12 billion. Founded in 2021, Chainguard has raised over $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, valuing it at $1.5 billion. It has now raised a total of $206 million.

Saronic Technologies—$1 billion:Saronic, a defense tech company that builds autonomous surface vessels, closed a $175 million 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, giving it a $1.55 billion valuation. The company has raised more than $300 million to date. Founded in 2015, its investors include Kleiner Perkins and Sapphire Ventures, according to PitchBook.

xAI — $24 billion:Founded last year by Elon Musk, the AI startup is now valued at $24 billion after raising a $6 billion Series B round 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 a $130 million Series D round, valuing the company at $1 billion, according to Crunchbase.

May

Altruist—$1.5 billion:This fintech startup, which provides investment management services to independent registered investment advisors, was founded in 2018. It closed a $169 million Series E round in May led by ICONIQ Growth, 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.

Weka—$1.6 billion:This SaaS data storage company focused on AI use cases closed a $140 million Series E round, valuing 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 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:The AI-driven big data analytics startup closed a funding round in May that brought its valuation to $1.5 billion. It has raised nearly $560 million to date, according to Crunchbase.

Humanity Protocol—$1 billion:Founded in 2023, the blockchain palmprint identity startup closed a $30 million seed round that brings its valuation to $1 billion. Overall, the company has raised just $30 million from investors including hedge funds Ash Park Capital and Aza Ventures, according to PitchBook.

April

Cyera—$1.5 billion:Data security provider Cyera successfully raised a $300 million Series C round 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 round in April, valuing 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 funding in April, combining debt and venture financing, giving the company a valuation of $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:The health tech company, which helps users find the right therapist, was founded in 2020 and closed an $88 million 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, valuing 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, the AI drug discovery startup launched with a massive $1 billion Series A in April, giving it a $2.7 billion valuation. 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 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’s sovereign wealth fund.

March

io.net — $1 billion: Founded in 2019, this cloud service puts GPUs from data centers and cryptocurrency miners into a decentralized network that can be used by AI models. (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 well-known AI search engine raised a $73.6 million Series B round in January at a valuation of $520 million, followed by an additional $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, bringing its valuation to $1.11 billion. Founded in 2014, the company has raised about $250 million in funding to date, with 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 around $1 billion, according to Crunchbase. The company has raised more than $50 million in funding to date.

Liquid Death—$1.4 billion: The beverage startup’s last funding round was $67 million, valuing it at $1.4 billion, TechCrunch reported. 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.

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

Ascend Elements—$1.6 billion:The sustainable battery company raised a $162 million round in February, giving it a $1.61 billion valuation, according to PitchBook. The company has raised more than $1 billion in funding to date 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 type of collateral called staking, which involves using Ethereum tokens as collateral. Founded in 2021, the company raised a $100 million Series B in February, led by a16z, giving it a $1 billion valuation, according to PitchBook. 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 in February, giving it a $2.6 billion valuation. In total, Figure has raised nearly $850 million in venture capital, according to PitchBook, with investors including Bezos Expeditions, Calm Ventures, Intel, Nvidia, OpenAI, and Microsoft.

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

Bugcrowd — $1 billion:The cybersecurity platform that crowdsources bug fixes raised a $102 million Series E 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 voice-overs raised $80 million in Series B funding in January, bringing its valuation to $1 billion. According to Crunchbase, 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 a $140 million Series E in January, led by Singaporean firm GIC, valuing Zūm at $1.3 billion. In total, the company has raised $350 million in funding, according to Crunchbase.

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