Among the new unicorns, a year-old foundation model company and a 6-year-old satellite network company from China each raised around a billion dollars in funding. A 2-year-old U.S.-based robotics company raised the next-largest funding. Other new unicorns include companies in the AI sector and those incorporating AI into their products. Notably, online checkout company Bolt was removed from the unicorn board after its valuation fell to $300 million, a significant drop from its previous $11 billion valuation.
Key takeaways:
- Ten new unicorns were added to The Crunchbase Unicorn Board in February 2024, contributing more than $18 billion in value. These companies hail from various sectors including AI, security, fintech, space, transport, robotics, and sales and marketing.
- Two companies from China joined the board after raising around a billion dollars in funding each. These include a year-old foundation model company and a 6-year-old satellite network company.
- One company, online checkout company Bolt, fell off the unicorn board after its valuation was slashed to less than a third of a unicorn valuation, initiating a share buyback plan at a mere $300 million valuation.
- The new unicorns are based in various countries including the U.S., China, France, The Netherlands, and Italy.