The companies that joined the Unicorn Board in October spanned various sectors, including security technology, smartphone identity authentication, automated parking, aerospace, HR technology, car financing, green hydrogen energy, AI, and mental health care. Three of these companies, Headway, Electric Hydrogen, and Baichuan Intelligence, were founded within the last five years. The Crunchbase Unicorn Board is a curated list of private unicorn companies with post-money valuations of $1 billion or more, based on Crunchbase data.
Key takeaways:
- Nine companies joined The Crunchbase Unicorn Board in October 2023, but most existing unicorn companies that raised additional funding did so without an increase in value.
- Two of the new unicorns focus on cybersecurity, one is in the generative AI category, and none of them are from Silicon Valley.
- Two unicorn companies, Convoy and Olive AI, closed amid the current market funding pullback, and many companies on the board have values that would no longer hold in this funding environment.
- Defense tech Shield AI was one of the few existing unicorn companies to raise funding at an increased value last month, going from its 2022 valuation of $2.3 billion to $2.7 billion with its most recent raise.