Year 2025 has already seen the emergence of 20 new tech unicorn startups despite the continued challenges they continue to experience in the venture capital market.
A unicorn is a privately held startup company valued at $1 billion or more. As they have become more common in the past decade, companies or tech startups achieve the unicorn status through private funding rounds where venture capital firms, private equity investors, and other institutional investors provide capital in exchange for equity.
These new minted unicorns span across multiple sectors and industries from Artificial Intelligence (AI) and Robotics to Healthcare and Satellite Technology, where they are all spreading innovation across traditional tech hubs and emerging regions, as well as solving real-world problems with the help of significant funding.
Four months into 2025, and we’ve had a wave of unicorns that continues to lay greater emphasis on practical applications of AI, efficiency-focused enterprise software, and companies addressing specific industry challenges rather than pursuing growth at all costs, as opposed to the wave from previous years. Most importantly, investors are now showing increased selectivity by focusing on tech startups that demonstrate clear paths to profitability and sustainable business models as the world evolves.
So far in Q1 2025, we’ve had a record of 20 new tech startups that have achieved the status of a unicorn and are newly VC-backed, according to TechCrunch using data from Crunchbase and PitchBook.
JANUARY 2025
Kikoff – valued at $1 billion
Kikoff, founded in 2019, is a personal finance platform that helps users build credit. It reached unicorn status after an undisclosed funding round, with a total funding at $42.5 million. Investors include Female Founders Fund, Lightspeed Venture Partners, and NBA star Steph Curry. Kikoff’s simple, low-cost credit-building tools are popular among younger consumers.
Netradyne – valued at $1.35 billion
Netradyne is a computer vision company specializing in AI-powered fleet safety solutions. It raised $90 million in a Series D funding round led by Point72 Ventures. Founded in 2015, its technology is used by logistics and transportation firms to improve driver safety and operational efficiency.
Hippocratic AI – valued at $1.6 billion
Established in 2023, Hippocratic AI is a company that develops AI-powered healthcare models. It raised $141 million in a Series B funding round led by Kleiner Perkins. The company is focused on building safe and effective AI for medical applications, thereby addressing a critical need in the healthcare sector.
Truveta – valued at $1 billion
Truveta is a genetic research and healthcare data company. Established in 2020, it raised $320 million in its latest round, with investors including Microsoft and Regeneron Pharmaceuticals’ venture arms. Truveta’s platform aggregates and analyzes health data from multiple sources to power research and improve outcomes.
Clay – valued at $1.25 billion
Clay, a 2017 company, is an AI sales automation platform. It raised $40 million in a Series B funding round, with a total funding of over $100 million. Investors include Sequoia, First Round, Boldstar, and Box Group. Clay’s tools help sales and marketing teams automate prospecting and outreach.
Mercor – valued at $2 billion
Mercor, a contract hiring platform established in 2022, reached its unicorn status after a $100 million Series B funding round. The company attained a $2 billion valuation with serious backing from prominent investors such as Felicis, Menlo Ventures, and Anthology Fund, as well as Tech leaders Jack Dorsey and Peter Thiel.
Loft Orbital – valued at $1 billion
Founded in 2017, Loft Orbital is a satellite technology company. It raised $170 million in a Series C funding round with investors including Temasek and Tikehau Capital. Loft Orbital provides satellite infrastructure and data services for commercial and government clients
FEBRUARY 2025
Abridge – valued at $2.8 billion
Established in 2018, Abridge is a medtech company that leverages AI to streamline and document doctor-patient conversations. It raised $250 million in a Series D funding round, with a total funding of over $460 million. Investors include Elad Gil and IVP. Abridge’s technology is being rapidly adopted by major healthcare systems that are looking for efficiency and accuracy.
OpenEvidence – valued at $1 billion
OpenEvidence, founded in 2017, is a healthcare data platform. It raised $75 million in a Series A funding round, with total funding at $135 million. Sequoia Capital is a key investor. The company’s platform helps clinicians and researchers access and interpret large-scale medical evidence
Hightouch – valued at $1.2 billion
Hightouch provides a data activation platform that helps businesses sync data across systems. It raised $80 million in a Series C funding round, with a total funding of $171 million. Investors include Sapphire Ventures and Bain Capital Ventures. Founded in 2018, Hightouch is part of the fast-growing data infrastructure sector.
Veza – valued at $1.7 billion
Veza is a data security platform. It raised $108 million in a Series D funding round, with a total funding of over $230 million. JPMorgan Chase is a lead investor. Established in 2020, Veza’s platform helps enterprises manage and secure access to sensitive data.
MARCH 2025
Fleetio – valued at $1.5 billion
Founded in 2012, this Alabama-based software company specializes in fleet management solutions that simplify vehicle operations for businesses. In March 2025, Fleetio secured a massive $454 million Series D funding round, thereby pushing its valuation at $1.5 billion. The company has so far raised a total of $624 million to date, with notable backing from Elephant partners and Goldman Sachs Asset Management.
The Bot Company – valued at $2 billion
A Robotics platform that was founded in 2024, The Bot Company has achieved remarkable growth by reaching the unicorn status with a $150 million early-stage funding round, in just a year. It has already raised $300 million in total funding to date.
Celestial AI – valued at $2.5 billion
California-based Celestial AI, founded in 2020, secured a $250 million Series C funding round led by Fidelity, thereby reaching a $2.5 billion valuation. So far, the company has raised over $580 million in total funding from investors including BlackRock and Engine Ventures. The company represents and stands for the increasing enthusiasm in investors for companies building and developing specialized AI solutions.
Underdog Fantasy – valued at $1.3 billion
Underdog Fantasy, a sports gaming and fantasy platform founded in 2020, joined the unicorn club after a $70 million Series C funding round, with total funding now over $100 million. Its backers include Spark Capital. The company is capitalizing on the booming online sports betting and fantasy sports market.
Build Ops – valued at $1 billion
Build Ops, founded in 2018, provides cloud-based software for commercial contractors. It raised $122.6 million in a Series C funding round, bringing it to a total funding of $273 million. Investors include Founders Fund and Fika Ventures, reflecting the growing digitization of the construction industry.
Insilico Medicine – valued at $1 billion
Insilico Medicine, a biotech company founded in 2014, uses AI for drug discovery. It raised $110 million in a Series E funding round, with a total funding of over $500 million. Investors include Lilly Ventures and Value Partners Group. The company’s AI-driven approach is accelerating the pace of pharmaceutical innovation.
Olipop – valued at $2 billion
Olipop, founded in 2018, is a probiotic soda company that raised $137.9 million in a Series C funding round, with total funding at $243 million. Investors include Scoop Ventures and J.P. Morgan Growth Equity Partners. Olipop’s success highlights the convergence and interplay of health trends and consumer packaged goods.
Peregrine – valued at $2.5 billion
Peregrine, founded in 2017, offers operations management solutions for enterprises. It secured $190 million in a Series C funding round, with total funding above $250 million. Investors include Sequoia and Fifth Down Capital. Peregrine’s tools help companies optimize workflows and improve operational efficiency.
Assured – valued at $1 billion
Assured, founded in 2019, uses AI to automate insurance claims processing. It raised $23 million in a Series B funding round, with total funding just over $26 million. Investors include ICONIQ Capital and Kleiner Perkins. Assured is part of a wave of insurance technology startups modernizing legacy insurance processes.
