The tech world is galloping ahead at full speed in 2025, and unicorns—startups valued at over $1 billion—are popping up faster than ever before. As of July, at least 36 new tech unicorns have emerged across a range of industries, from AI and healthtech to space, robotics, fintech, and gaming.
AI has unsurprisingly remained the center of gravity for most of this year’s billion-dollar breakthroughs, but what’s striking is the diversity of verticals represented. Companies like Gecko (robotics), Loft Orbital (satellite tech), Olipop (health beverages), and Kalshi (prediction markets) prove that the unicorn race is no longer limited to just software and SaaS.
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New Tech Unicorns in 2025
Here are the 36 startups that achieved unicorn status in 2025, compiled using data from Crunchbase and PitchBook, with key insights into their valuation, founding year, industry, and funding history.
1. Linear
- Valuation: $1.25 billion
- Founded: 2019
- Industry: Software Development / Project Management
- Investors: Accel, Sequoia Capital
- Funding Raised: $130M+
Linear offers a streamlined product management tool for engineering teams, simplifying workflows and task tracking.
2. Gecko Robotics
- Valuation: $1.62 billion
- Founded: 2013
- Industry: Robotics / Industrial Automation
- Investors: Cox Enterprises, Drive Capital
- Funding Raised: $340M+
Gecko designs climbing, crawling, swimming, and flying robots to gather industrial data in hard-to-reach areas.
3. Meter
- Valuation: $1.38 billion
- Founded: 2015
- Industry: Internet Infrastructure / Enterprise Tech
- Investors: General Catalyst, Sequoia Capital, Sam Altman, Lachy Groom
- Funding Raised: $250M+
Meter delivers managed internet services for enterprise offices, combining hardware and software deployment.
4. Teamworks
- Valuation: $1.25 billion
- Founded: 2006
- Industry: Sports Tech / Team Management Software
- Investors: Seaport Capital, General Catalyst
- Funding Raised: $400M+
Teamworks provides athlete-focused communication and operations software for professional and collegiate sports teams.
5. Thinking Machines
- Valuation: $10 billion
- Founded: 2024
- Industry: AI Research
- Investors: a16z, Nvidia
- Funding Raised: $2B (seed round)
Launched by OpenAI alum Mira Murati, the company is building frontier AI models at an unprecedented pace.
6. Kalshi
- Valuation: $2 billion
- Founded: 2018
- Industry: Blockchain / Prediction Markets
- Investors: Sequoia, Global Founders Capital
- Funding Raised: $290M+
Kalshi operates a regulated prediction market where users trade contracts on future events.
7. Decagon
- Valuation: $1.5 billion
- Founded: 2023
- Industry: AI / Customer Service Automation
- Investors: a16z, Accel
- Funding Raised: $231M+
Decagon builds advanced AI agents to fully automate customer support operations for enterprises.
8. Pathos
- Valuation: $1.6 billion
- Founded: 2020
- Industry: Drug Development / Biotech
- Investors: General Catalyst, Altimeter Capital
- Funding Raised: $460M+
Pathos uses platform technologies to accelerate the development of new therapies and pharmaceuticals.
9. Statsig
- Valuation: $1.1 billion
- Founded: 2021
- Industry: Product Analytics / Experimentation Platforms
- Investors: Sequoia, Mardona, ICONIQ Growth
- Funding Raised: $153M+
Statsig helps product teams build, test, and launch features with real-time analytics and A/B testing tools.
10. SpreeAI
- Valuation: $1.5 billion
- Founded: 2020
- Industry: AI / E-Commerce
- Investors: The Davidson Group
- Funding Raised: $20M+
SpreeAI is pioneering AI-driven virtual try-on solutions and hyper-personalized e-commerce experiences.
11. Function Health
- Valuation: $2.5 billion
- Founded: 2020
- Industry: Health Tech
- Investors: a16z
- Funding Raised: $250M+
Function aims to give users access to deep health diagnostics and preventative care insights.
12. Owner
- Valuation: $1 billion
- Founded: 2018
- Industry: Restaurant SaaS / Marketing
- Investors: Headline, Redpoint, SaaStr Fund, Meritech Capital
- Funding Raised: $180M+
Owner helps restaurants own their marketing and customer relationships through tech-enabled solutions.
13. Awardco
- Valuation: $1 billion
- Founded: 2012
- Industry: HR Tech / Employee Engagement
- Investors: General Catalyst
- Funding Raised: $230M+
Awardco delivers employee recognition and reward programs integrated with enterprise systems.
14. Nourish
- Valuation: $1 billion
- Founded: 2020
- Industry: Telehealth / Nutrition
- Investors: Index Ventures, Thrive Capital
- Funding Raised: $100M+
Nourish connects users with licensed dietitians and provides insurance-backed virtual care.
15. Chapter
- Valuation: $1.38 billion
- Founded: 2013
- Industry: Medicare Navigation / Health Tech
- Investors: XYZ Venture Capital, Narya
- Funding Raised: $186M
Chapter provides AI-powered support for seniors to optimize Medicare plans and healthcare decisions.
16. Threatlocker
- Valuation: $1.2 billion
- Founded: 2017
- Industry: Cybersecurity / Data Protection
- Investors: General Atlantic, StepStone Group
- Funding Raised: $200M+
Threatlocker offers zero-trust cybersecurity tools to help enterprises control software access.
17. Cyberhaven
- Valuation: $1 billion
- Founded: 2015
- Industry: Cybersecurity / Data Loss Prevention
- Investors: Khlosa Ventures, Redpoint Ventures
- Funding Raised: $200M+
Cyberhaven protects sensitive information by tracing and controlling data movement inside organizations.
18. Fleetio
- Valuation: $1.5 billion
- Founded: 2012
- Industry: Fleet Management SaaS
- Investors: Goldman Sachs Alternatives, Elephant
- Funding Raised: $624M
Fleetio builds cloud-based software to streamline vehicle maintenance, tracking, and operations.
19. The Bot Company
- Valuation: $2 billion
- Founded: 2024
- Industry: Robotics Platforms
- Investors: Undisclosed
- Funding Raised: $300M
The Bot Company is creating a unified development platform for next-generation AI-powered robots.
20. Celestial AI
- Valuation: $2.5 billion
- Founded: 2020
- Industry: AI / Optical Computing
- Investors: Fidelity, BlackRock, Engine Ventures
- Funding Raised: $580M+
Celestial AI develops photonic processing chips for high-performance AI model training and inference.
21. Underdog Fantasy
- Valuation: $1.3 billion
- Founded: 2020
- Industry: Fantasy Sports / Gaming
- Investors: Spark Capital
- Funding Raised: $100M+
Underdog Fantasy is redefining fantasy sports with a mobile-first platform focused on pick’em games and best ball formats. Its user base has grown rapidly, riding the wave of legalized sports betting across the U.S.
22. BuildOps
- Valuation: $1 billion
- Founded: 2018
- Industry: Field Service Management / SaaS
- Investors: Founders Fund, Fika Ventures
- Funding Raised: $273M
BuildOps offers a specialized operating platform for commercial contractors, streamlining scheduling, dispatching, and invoicing for service-based businesses in HVAC, plumbing, and electrical sectors.
23. Insilico Medicine
- Valuation: $1 billion
- Founded: 2014
- Industry: Drug Discovery / AI Biotech
- Investors: Lilly Ventures, Value Partners Group
- Funding Raised: $500M+
Insilico Medicine uses deep learning and generative AI to discover new drugs and molecules. The company’s integrated platform spans target identification to clinical development, pushing the frontiers of AI in life sciences.
24. Olipop
- Valuation: $2 billion
- Founded: 2018
- Industry: Food & Beverage / Functional Wellness
- Investors: J.P. Morgan Growth Equity Partners, Scoop Ventures
- Funding Raised: $243M
Olipop makes probiotic, gut-healthy sodas that aim to replace traditional sugary soft drinks. With booming retail distribution and health-conscious consumer trends, the brand is a breakout DTC success.
25. Peregrine
- Valuation: $2.5 billion
- Founded: 2017
- Industry: Data Analytics / Integration Platforms
- Investors: Sequoia Capital, Fifth Down Capital
- Funding Raised: $250M+
Peregrine helps enterprises connect and analyze siloed data systems using its AI-powered integration platform. Its tools are popular among Fortune 500 firms aiming to improve decision-making with unified data insights.
26. Assured
- Valuation: $1 billion
- Founded: 2019
- Industry: Insurtech / AI Claims Processing
- Investors: ICONIQ Capital, Kleiner Perkins
- Funding Raised: $26M+
Assured uses AI to automate claims handling for insurers, significantly reducing manual reviews and processing times. It focuses on increasing customer satisfaction while lowering fraud and operational costs.
27. Abridge
- Valuation: $2.8 billion
- Founded: 2018
- Industry: Health Tech / Clinical Documentation
- Investors: IVP, Elad Gil
- Funding Raised: $460M+
Abridge applies AI to convert doctor-patient conversations into structured clinical notes, freeing up physicians’ time. It integrates directly with EHR systems, aiming to combat burnout in the healthcare system.
28. OpenEvidence
- Valuation: $1 billion
- Founded: 2017
- Industry: Medical AI / Research Automation
- Investors: Sequoia Capital
- Funding Raised: $135M
OpenEvidence is building an AI-powered search engine for medical literature and clinical research. Its tools support faster, evidence-based decision-making for healthcare professionals and researchers.
29. Hightouch
- Valuation: $1.2 billion
- Founded: 2018
- Industry: Data Activation / SaaS
- Investors: Sapphire Ventures, Bain Capital Ventures
- Funding Raised: $171M
Hightouch helps companies move data seamlessly from warehouses like Snowflake to marketing and sales tools. Its “reverse ETL” platform is pivotal for operationalizing customer data across departments.
30. Kikoff
- Valuation: $1 billion
- Founded: 2019
- Industry: Fintech / Personal Finance
- Investors: Lightspeed Venture Partners, Female Founders Fund, Steph Curry
- Funding Raised: $42.5M
Kikoff provides accessible credit-building tools for underserved consumers. Its no-fee model has attracted a wide user base of millennials and Gen Z looking to build credit responsibly.
31. Netradyne
- Valuation: $1.35 billion
- Founded: 2015
- Industry: AI / Computer Vision / Fleet Safety
- Investors: Point72 Ventures
- Funding Raised: Undisclosed
Netradyne develops AI-powered dash cams and vision systems to improve driver behavior and reduce accidents for fleet operators, integrating computer vision and machine learning into road safety.
32. Hippocratic AI
- Valuation: $1.6 billion
- Founded: 2023
- Industry: AI / Healthcare
- Investors: Kleiner Perkins
- Funding Raised: $141M+
Hippocratic AI is building non-diagnostic healthcare LLMs (large language models) focused on safety and compliance. It aims to address healthcare staffing shortages with scalable virtual assistants.
33. Truveta
- Valuation: $1 billion
- Founded: 2020
- Industry: Genomics / Health Data
- Investors: Microsoft’s CVC, Regeneron Pharmaceuticals
- Funding Raised: $320M+
Truveta aggregates anonymized patient data from major health systems to power medical research and discovery. It combines data scale with privacy-preserving technologies.
34. Clay
- Valuation: $1.25 billion
- Founded: 2017
- Industry: AI Sales Enablement
- Investors: Sequoia, First Round, Boldstart, Box Group
- Funding Raised: $100M+
Clay helps revenue teams personalize outreach and build smarter sales pipelines with AI-driven prospecting tools. It integrates with CRMs and helps automate top-of-funnel engagement.
35. Mercor
- Valuation: $2 billion
- Founded: 2022
- Industry: Talent Marketplace / Recruiting
- Investors: Jack Dorsey, Peter Thiel, Felicis, Menlo Ventures
- Funding Raised: $100M+
Mercor is a decentralized platform that connects global freelancers and contractors with AI-driven project matching. It emphasizes flexible staffing for fast-growing tech teams.
36. Loft Orbital
- Valuation: $1 billion
- Founded: 2017
- Industry: Space Tech / Satellite Infrastructure
- Investors: Temasek, Tikehau Capital
- Funding Raised: $170M+
Loft Orbital simplifies space missions by offering “space infrastructure as a service,” allowing customers to deploy payloads without building full satellites or managing launches.
The key traits shared by these billion-dollar startups include:
- Speed to market—many unicorns reached the milestone within 2–5 years of founding.
- High-impact innovation in core societal needs—healthcare, finance, and infrastructure.
- Strategic early backers—with top-tier VCs fueling growth rounds confidently.
- AI-first approach, regardless of industry.
As funding patterns shift toward efficiency, multi-disciplinary teams, and product-led growth, the
Final Thoughts
From AI-powered healthcare to blockchain trading platforms and robotics, 2025’s unicorns are not only reshaping existing industries but also creating new frontiers. While artificial intelligence dominates the narrative, this year’s cohort proves that breakthrough innovation can thrive across sectors—from fleet logistics to Medicare guidance and even probiotic beverages.
Stay tuned for the rest of the year, as more startups gallop past the billion-dollar mark. If you’d like, I can continue tracking and profiling future unicorns for monthly updates.
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