In August, eight firms joined the Crunchbase Unicorn Board, six of which are based in the US and two are from China and India, respectively.
Among them was Huawei Technologies smart automobile subsidiary Yinwang intelligent technologyvalued at $16 billion. That dollar amount is the second-largest value for a newborn unicorn this 12 months — behind only xAIwhose value in May, when she joined the board, was estimated at $24 billion.
Eight latest unicorns added $25 billion in value to the board in August. So far in 2024, 79 latest unicorns have added $152 billion in value.
In 2023, 99 firms joined the board, with a combined value of $176 billion at the latest valuations. The highest valued latest unicorn of 2023 is currently Weave Core valued at $19 billion.
Here are the latest unicorns for August by sector.
Transport
- Shenzhen-based Huawei subsidiary Yinwang Smart Technology has raised $1.6 billion each from electric vehicle brands Seres Group AND AvatarThe company, which was founded lower than a 12 months ago, is valued at $16 billion.
- Bangalore-based electric two-wheeler manufacturer Ather Energy raised $71 million at a valuation of $1.3 billion, with government support IFRS.Competes with Ola Electricone other Indian “unicorn” that went public in August.
Web3
Artificial intelligence
Privacy and security
Agtech
Sales and Marketing
Property
- EliseAI AI-powered real estate communications platform raises $75 million in Series D funding led by Sapphire ProjectsThe 7-year-old company headquartered in New York is valued at just over $1 billion.
And we were missing one thing
Methodology
The Crunchbase Unicorn Board is a curated list of privately held unicorn firms with post-money valuations of $1 billion or more, based on Crunchbase data. The latest firms are added to the Unicorns board when they reached $1 billion in funding round.
Unicorn management does not reflect internal valuations of the company — comparable to those determined through the 409a process for worker stock options — because those are different from the valued funding round and are more prone to be lower. We also do not adjust valuations based on investor write-offs, which change quarterly, because different investors is not going to value the same company consistently in the same quarter.
Unicorn funding includes any private funding for firms that are designated as unicorns, in addition to those who have already achieved unicorn status. Discontinued unicorn board.
The exits analyzed here include only the company’s first exit.
Please note that each one funding values are reported in US dollars unless otherwise noted. Crunchbase converts foreign currency to US dollars at the prevailing spot rate from the date that funding rounds, acquisitions, IPOs, and other financing events are reported. Even if these events are added to Crunchbase well after the event is announced, foreign currency transactions are converted at the historical spot price.