Two of the new unicorns, Xaira Therapeutics and Cognition, were valued at a billion in their first year. Cybersecurity company Rubrik and cash reward company Ibotta both went public in April on the New York Stock Exchange. Four companies already listed as unicorns increased their valuation from prior rounds. The new unicorns spanned various sectors including AI, e-commerce, Web3, healthcare, security and privacy, professional services, financial services, and food and beverage.
Key takeaways:
- Eleven companies joined The Crunchbase Unicorn Board in April 2024, with the AI, Web3 and e-commerce sectors each adding two companies.
- Of the 11 new unicorns, six are U.S.-based, with one each from Germany, France, Brazil, Cayman Islands and Australia.
- The largest funding round among the new unicorns was raised by Xaira Therapeutics, which announced an initial funding of $1 billion.
- Two of the new April unicorn companies, Xaira Therapeutics and Cognition, were valued at a billion in their first year.