In November 2024, six companies joined The Crunchbase Unicorn Board, with a focus on AI and developer operations. This brings the total to 100 new unicorns for the year, surpassing the 99 from 2023. The new entrants, five from the U.S. and one from London, are enterprise-focused, collectively raising $1.8 billion and adding $10 billion in value. Notable companies include Physical Intelligence, valued at $2.4 billion, and Writer, valued at $1.9 billion. Eon, a New York-based backup software service, achieved unicorn status in less than a year.
Last month, four companies exited the board, resulting in a $20 billion value exit. China-based Pony.ai went public on Nasdaq at a $5.3 billion valuation, while India's Swiggy and Blackbuck also went public. San Francisco-based Rapid was acquired by Nokia. The Crunchbase Unicorn Board tracks private companies with valuations of $1 billion or more, excluding internal valuations and investor writedowns.
Key takeaways:
Six new companies joined The Crunchbase Unicorn Board in November 2024, with a focus on AI and developer operations.
The new unicorns collectively raised $1.8 billion in funding and added $10 billion in value to the board.
Four companies exited the board last month, including Pony.ai, Swiggy, Blackbuck, and Rapid, resulting in a $20 billion value exit.
One of the newly minted unicorns, Eon, raised seed through Series C funding in less than a year.
