A complete of 20 corporations joined the Crunchbase Unicorn board in October, adding $44.5 billion in value. This was the highest valuation amount added to the unicorn board for a recent cohort in the last three years.
The number of recent monthly participants has increased in recent months. There were also reshuffles among the 20 largest corporations on the management board and we observed a significant increase in the number of recent corporations valued at decacorn.
Of the 20 corporations that joined in October, 11 were from the US. China added three recent unicorns and Sweden added two. Europe, the UK, Germany and Ukraine each minted one recent unicorn, as did India.
Among the recent participants was an open model developer from New York Reflection and an Austin-based residential battery operator Base power each raised billion-dollar rounds that valued them as unicorns for the first time.
Among the recent unicorns, the highest valued were Reflection, which was valued at $8 billion, and the San Francisco-based payment blockchain Ratevalue $5 billion.
Exits
In October, three unicorn management corporations were acquired: a passwordless authentication company Seam was taken over by Twilio; NextthoughtThe company purchased an IT worker experience platform Vista Capital Partners; and a data management tools company dbt laboratories was purchased by Fivetran.
Three corporations also went public: a Silicon Valley-based travel and expense management company Navane-commerce software platform based in Shanghai Jushuitan network technologyand a Beijing-based silicon wafer company Eswin materials.
New unicorns
Here are 20 newly minted October unicorns in different sections. Artificial intelligence led with 4 corporations, transportation with three, followed by health and financial services, each with two corporations.
artificial intelligence
- Creator of open source models Reflection.AIfounded by Deep Mind engineers who were to compete with DeepSeek, raised $2 billion in Series B funding Nvidia among other investors. The year-old New York-based company was valued at $8 billion.
- AI fireworkswhich helps clients build AI applications, raised $230 million in a Series C round led by it Partners of the Lightspeed enterprise, Index ventures AND Evantic Capital. The 3-year-old Redwood City, California-based company was valued at $4 billion. It says it has 10,000 customers, a 10-fold increase from July 2024.
- AI agent automation platform n8n raised $180 million in Series C led by Speed up. The six-year-old Berlin-based company was valued at $2.5 billion.
- LangChainplatform for deploying AI agents, raised $125 million in Series B, which it leads IVP. The three-year-old San Francisco-based company was valued at $1.25 billion.
Transport
- Zealousconstructor of autonomous robovans for B2B deliveries, raised USD 100 million for the expansion of the B4 series under the leadership of A bunch of ants. The Beijing-based company, which has been operating for 4 years, was valued at $1.6 billion.
- Modern Amperex intelligence technology obtained the first external financing value USD 281 million. The 4-year-old company is a subsidiary of Shanghai-based automotive battery supplier CATL and was valued at $1.4 billion in the deal. He is the creator of the integrated battery chassis and electric vehicle driving features.
- An organization dealing with own transport Final ride raised $100 million in financing led by an existing investor EQT ventures and quantum company IonQ. Einride builds large electric platforms, automated smaller delivery trucks for fixed routes and a logistics platform. The 9-year-old company from Stockholm was valued at $1 billion.
Healthcare and biotechnology
- HistoSonicsprovider of non-invasive cancer therapy, raised a private equity round value $250 million led by recent owners, including: K5 Global, Bezos expeditions AND Managing Wellingtonin addition to additional investors Founders Fund AND Thiel biography. The 16-year-old Minnesota-based company was valued at $3 billion.
- In women’s health, weight reduction treatment provider SheMed raised $50 million in Series A. Investors weren’t disclosed. The one-year-old London-based company was valued at $1 billion.
Financial services
Web3
- Blockchain payment provider Rateincubated by Stripe AND Paradigmraised $500 million in Series A funding, which he led Greenoaks AND Develop capital. The lower than a yr old company based in San Francisco was valued at $5 billion.
Energy
- An organization dealing in battery-powered home energy Base power raised $1 billion in Series C led by Addition. The two-year-old Austin-based company was valued at $4 billion.
Aviation
- Manufacturer of reusable rockets Stoke Space raised $510 million in Series D, led by: American Fund for Innovative Technologies calibrate production. The six-year-old Kent, Washington-based company was valued at $2 billion.
Professional services
- LegorasThe legal platform supports lawyers in researching and preparing legal projects. The two-year-old Stockholm-based legal tech company raised $150 million in Series C, led by Partners of the Bessemer enterprise. Its value was estimated at $1.8 billion.
E-commerce
- ShopMywhich connects brands with e-commerce creators, raised $70 million in funding led by: Future. The 5-year-old Holden, Massachusetts-based company was valued at $1.5 billion. ShopMy claims to have enabled $1 billion in sales on its platform.
Sales and marketing
- Advantagewhich provides a community management platform for homeowners associations, raised a $300 million private equity round led by Cove Hill Partners. Vantaca claims to serve over 500 management corporations. The 9-year-old Wilmington, North Carolina-based company was valued at $1.3 billion.
Defense technician
- Defense buyer Govini raised a $150 million led private equity round Capital of Bain. The 14-year-old Arlington, Virginia-based company was valued at $1 billion.
Beauty
- Chinese brand of skincare cosmetics Snow raised $104 million in funding under leadership Harvest capital AND L’Oreal. The 24-year-old Shanghai-based company was valued at $1 billion.
Semiconductor
- Subsoila company planning to build a compact lithography machine to support chip production in the US market has raised $100 million in Series A funding from Founders Fund, Generic catalytic converter AND In-Q-Tel among others. The 4-year-old San Francisco-based company was valued at $1 billion.
Methodology
The Crunchbase Unicorn Board is a curated list of personal unicorn corporations with a post-money valuation of at least $1 billion, based on Crunchbase data. There are recent corporations added to the Unicorn Board after it reached $1 billion in funding round.
The unicorn board does not reflect internal company valuations – similar to those determined through the 409a process for worker stock options – because they are different from the valued financing round and will most definitely be lower. We also do not adjust valuations based on investor write-downs, which change quarterly, because different investors is not going to value the same company consistently in the same quarter.
Unicorn company financing includes all private financing of corporations designated as unicorns, in addition to people who have since transformed into Coming out unicorn board.
The exits analyzed here include only the firm’s first exit.
Please note that each one financing amounts are in US dollars unless otherwise noted. Crunchbase converts foreign currency to U.S. dollars at the spot rate in effect on the date financing rounds, acquisitions, IPOs and other financial events are reported. Even if these events were added to Crunchbase long after the event was announced, currency transactions are converted at the historical spot price.