A total of 27 companies joined the 附近上门 last month, including six robotics companies and four semiconductor-related startups. Healthcare minted three new unicorns, while foundation AI, cloud services, aerospace and financial services each accounted for two companies that joined.

The U.S. once again dominated, with 19 companies joining the board. China tallied four new unicorns, the U.K. contributed two, and India and Germany each added one new unicorn.

Soaring valuations

Overall unicorn values soared in February as raised $110 billion at a value of $840 billion, making it the most highly valued private company of all time. Its closest rival, , raised $30 billion at a valuation of $380 billion, making it the fourth-largest valued company on the list. , the autonomous driving technology company, was valued at $126 billion, positioning it among the top 10 most highly valued private companies.

February鈥檚 new unicorns

Here are February鈥檚 newly minted unicorns.

Robotics

• , a solution for automating building equipment for autonomous construction, raised a $270 million Series B led by and . The 1-year-old company, based in San Francisco, was valued at $1.8 billion.
• Beijing-based , a physical intelligence foundation model and humanoid robotics company, raised a $290 million Series A led by and . The 2-year-old company was valued at $1.5 billion.
• , a builder of intelligent robots for industrial and service industries, raised a $145 million Series B round. The 2-year-old Beijing-based company was valued at $1.4 billion.
• Humanoid robotics company raised a $145 million Series B led by . The 2-year-old China-based company was valued at $1.4 billion.
• , a testing and control software layer for aerospace, defense, robotics and industry, raised a $150 million Series B led by . The 1-year-old Los Angeles-based company was valued at $1 billion.
• , a company that transforms 5G and Wi-Fi into spatial awareness for connective devices, an underlying layer necessary for physical AI, raised a $100 million Series B from well-known investors , , , and . The 9-year-old Belmont, California-based company was valued at $1 billion.

Semiconductor

• China-based , developer of a chip for advanced autonomous driving, raised a $330 million Series A led by and . The company, which is less than a year old and spun out of automaker , was valued at $1.5 billion.
• London-based , a photonic chip company for more efficient AI inference, raised a $220 million Series A led by . The 2-year-old company, valued at $1 billion, has plans to ship its first product in 2027.
• Reno, Nevada-based , builder of memory chips for AI, raised a $230 million Series B led by , and . The 3-year-old company was valued at $1 billion.
• , a chip developer for AI training, raised a $500 million Series B led by and . The 3-year-old company, based in Mountain View, California, was valued at $1 billion. It plans to ship its first product in 2027.

Healthcare

• New York-based , a platform that helps employers and employees source the best doctors with improved costs, raised a $118 million Series D led by . The 7-year-old company was valued at $1.4 billion.
• Palo Alto, California-based , a women’s telehealth provider, raised a $100 million Series D led by . The 4-year-old company was valued at $1 billion.
• , a Redwood City, California-based digital platform that helps medicare customers connect with advocates to navigate healthcare, raised a $130 million Series C led by . The 4-year-old company was valued at $1 billion.

Cloud services

• , a cloud platform for application development teams, raised a $100 million Series C led by . The 8-year-old San Francisco-based company was valued at $1.5 billion.
• Mumbai-based , a cloud service GPU provider, raised a $600 million round led by . The 3-year-old company was valued at $1.4 billion.

Foundational AI

• , builder of an AI model to analyze large databases, raised a $225 million Series A led by . The company also says it has signed a partnership agreement with ‘s to offer the model to its customers. The 2-year-old, San Francisco-based company was valued at $1.4 billion.
• , a model developer to debug and understand AI, raised a $150 million Series B led by . The 1-year-old San Francisco-based company was valued at $1.3 billion.

Aerospace

• , a space-based communications infrastructure player to support commercial satellite and government missions, raised a $100 million Series B led by and. The 4-year-old Livermore, California-based company was valued at $1.3 billion.
• , an aviation hardware and software company for automated flights, raised a $300 million Series C led by and . The 10-year-old El Segundo, California-based company was valued at $1.2 billion.

Financial services

• London-based , a U.K.-based digital bank for small and medium-sized businesses, raised a $155 million Series D led by , and . The 8-year-old company was valued at $1.2 billion.
• , an agentic platform for accountants, raised a $100 million Series B led by , and . The 3-year-old company, based in New York, was valued at $1.2 billion.

E-commerce

• Brooklyn-based , a marketplace for creators to sell digital products, raised a $200 million round led by . The 5-year-old company was valued at $1.6 billion.

Coding

• , a Boston-based code translation service for legacy code, raised a $125 million Series B led by 1. The round valued the 2-year-old company at $1.3 billion.

Defense

• Berlin-based , a developer of strike drones and autonomous defense systems, raised an undisclosed sum in a round led by that valued the 1-year-old company at $1.2 billion.

Forecasting

• Boston-based , an AI-native weather satellite constellation, raised a $175 million Series F led by and . The 9-year-old company was valued at $1 billion.

Sales & marketing

• New York-based , a brand marketing platform geared for AI search, raised a $96 million Series C led by that valued the 1-year-old company at $1 billion.

Web3

• , a blockchain intelligence platform to detect crime networks, raised a $70 million Series C led by . The raise valued the 8-year-old company, based in San Francisco, at $1 billion.

Related 附近上门 unicorn lists:

• (1,703)
• (604)
• (65)
• (187)
• (115)
• (102)
• (878)
• (500)
• (228)
• (38)
• (471)

Related reading:

• Massive AI Deals Drive $189B Startup Funding Record In February While Public Software Stocks Reel
• 附近上门 Data: The AI Boom Has Drastically Changed Who鈥檚 Funding The Hottest Companies In 2025 Vs. 2021
• January Delivers Highest New Unicorn Count In More Than 3 Years

Methodology

The 附近上门 附近上门 is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on 附近上门 data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations 鈥� such as those set via a 409a process for employee stock options 鈥� as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. 附近上门 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to 附近上门 long after the event was announced, foreign currency transactions are converted at the historic spot price.

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His career, which spans his time as founder of , DFJ and thehas also included high-profile missteps 鈥� most notably 鈥� underscoring the risk and volatility that goes along with making bold wagers.

A frequent personality on TV and social media, Draper is also known as a relentless champion for decentralized technology and a leading voice for bitcoin and blockchain. In 2024, he launched Draper TV, a media network, where he continues to host a global pitch competition called 鈥淢eet the Drapers.鈥� The series, which is now entering its ninth season, invites viewers at home to invest alongside him in innovative startups.

Draper exudes an almost schoolboy-like enthusiasm and passion when it comes to startups, technology, bitcoin and innovation. I recently spoke with him 鈥� while he was sporting his favorite purple and gold bitcoin tie 鈥� to get his thoughts on everything from his use of digital twins, how the current AI boom compares to previous cycles, and how he wishes policymakers approached tech regulation.

This interview has been edited for clarity and brevity.

附近上门 News: What have you been up to lately? What’s occupying your time?

Draper: We are doing something interesting with 鈥� we鈥檙e joining them for something called America’s Startup. We’re going to do a business plan competition around the country for college students. It kind of dovetails into 鈥淢eet the Drapers.鈥� is one of our sponsors, so we鈥檙e thinking about doing shows in 鈥渟mall bites鈥� for them.

We鈥檙e also doing a lot with . This is the year we turn our distribution global. We had a reach of 300 million people, with 10 million seeing each episode, but we鈥檙e focusing on building the YouTube audience now because you get more control and understand the audience better.

Then there is . We鈥檙e building relationships with various countries that send their top students or potential entrepreneurs to us. People call it a 鈥減re-accelerator,鈥� but I call it a 鈥渉uman accelerator.鈥� We accelerate the people 鈥斅爐hey have to accelerate their own business. We take them through very difficult challenges: a three-day hackathon and survival training with the Navy SEALs, special forces and the . Then they have a two-minute presentation to VCs.

You鈥檙e using “digital twins.” How are you actually deploying AI in your daily operations?

Yes, they are helping. They answer questions from entrepreneurs. On our site, they can talk with me or my digital twin, or they can send in a deck.

My team has built these in a few different ways. One is a hologram by Proto at Draper University. On our website, we have a twin created by Randy Adams that can talk to entrepreneurs. We even have an AI 鈥� built by an intern 鈥� that evaluates pitch decks and 鈥渟pits out鈥� feedback.

Beyond that, we use a tool called Seer that uses video to detect facial expressions; it can determine if an entrepreneur is passionate, lying or genuinely interesting. We鈥檙e also using a voice analysis tool 鈥� similar to how reportedly hires people based on specific 鈥渧oice models鈥� that match their desired personality types 鈥� to identify the 鈥渆ntrepreneurial voice.鈥�

What do you think feels fundamentally different about the cycle that we鈥檙e in right now compared to previous ones?

Weirdly, I don鈥檛 see a big difference. It鈥檚 as big as the dot-com boom, maybe bigger. I call it the Draper iS curve. Every industry goes through this. There is a little “i” 鈥� that鈥檚 the hype. It comes to a point (the dot on the i), and then it comes down because people are disenchanted. It sits there while engineers are hard at work, and then it grows into a big “S” that goes way bigger than the top of the i.

It happened with the internet: 1999 was the climb, 2000 was the top, and 2001 was the crash. From 2001 to 2008, it grew into a huge boom. It’s happening with bitcoin now. And AI is right at the “dot” on the i or coming down off it. People are disenchanted because of energy issues, but it will eventually be bigger than anyone imagined, especially in robotics.

What鈥檚 the trend that you think right now might be a little bit overhyped? And what鈥檚 something that’s underestimated?

The quick answer is AI is overhyped, but I don’t believe that. Under-noticed is that Big Pharma would have you believe chemotherapies are the most important thing 鈥� that you create a molecule and use it forever, and then need another molecule for the side effects. We鈥檙e moving from chemotherapies to bio-cures: stem cells, cloning and genetic engineering.

Also, companies we used to call 鈥渟pace and transportation鈥� are now called dual-use. The and governments are buying in because they realize they are way behind the commercial sector. And bitcoin is in that period where 鈥渘obody cares,鈥� but it鈥檚 slowly taking over.

Do you see bitcoin actually replacing the dollar for daily use?

For now, nobody wants to spend it because they think it will be worth more. But eventually, retailers will say, 鈥淲e only take bitcoin.鈥� If that happens, there will be a run on the dollar.

People worry about quantum computing hacking bitcoin, but they鈥檒l hack the banks first 鈥� it’s way easier. I鈥檇 be more concerned about money in a bank than on a bitcoin ledger. Bitcoin also keeps perfect records; we wouldn’t need 85,000 agents because the blockchain can just pay whoever needs to be paid.

Where do you think the biggest potential for returns in the AI space are? Tooling, vertical AI, AI-native companies?

One or two general AI companies will win big and become 鈥渉ungry giants,鈥� the way was for software or bitcoin is for tech applications. A lot of people working around the edges might just be acquired by the AGI. We鈥檝e funded companies doing vertical AI: AI for patents, AI for science.

But remember, the big winners at the start of the internet were , and , and none of them ended up being a big part of the internet later. We don’t know who will rise from the ashes yet.

If you could implement one policy to accelerate innovation, what would that policy be?

Don鈥檛 regulate in anticipation of fearful outcomes. Regulate after something bad happens. Otherwise, you put a dark cloud over every innovator. I would also sunset laws. The ’33 and ’40 Acts are just keeping the poor poor and the rich rich. We should create a free market in education, too 鈥� let the best schools thrive and the worst die.

Some would argue in the case of bitcoin, we were slow to regulate. Do you disagree?

The U.S. just decided everything was a security and made it illegal. That鈥檚 why innovators are geofencing the U.S. to protect themselves from the ‘s long arms. Countries like El Salvador, Japan, Dubai and Abu Dhabi are rocking because they say 鈥渄o it.鈥�

I say decentralize everything. The guy at the tiller of the ship knows better than the general in Washington, D.C. You don’t want a president telling you how to raise your kids; you’ll do a better job than they will.

What’s the trait you now prioritize in founders that you didn’t a decade ago?

A love for the customer. It has to be an obsession. That love becomes a viral effect; customers love the product so much they tell everyone. People will naturally follow a leader who is that obsessed with their customer.

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If a venture-backed company has gone more than four years between funding rounds, the forecast generally looks dim. It becomes increasingly unlikely that it will secure another good-sized financing or a sizable exit.

Four-year funding gaps are especially top of mind these days, as it鈥檚 been that long since U.S. venture investment hit its all-time peak. During the boom that lasted from 2020 to early 2022, software companies in particular routinely raised megarounds at rich valuations.

That, as we know, resulted in some strong exits, a lot of mediocre outcomes, and quite a lot that haven鈥檛 flourished.

Stranded software unicorns

For many, flush times came to an abrupt end. Per 附近上门 data, more than 150 boom-era U.S. software and software-related companies with $100 million or more in equity funding have not raised capital in over four years, remain private and have not been acquired.1

Collectively, they were a well-funded bunch. Companies in the cohort that raised their last round during the peak聽2 pulled in over $51 billion in aggregate funding, per 附近上门 data.

The list also contains a number of companies that were fairly high-profile startups several years ago. Examples include:

: The equity and fund management software platform raised close to $1.2 billion in total funding but hasn鈥檛 reported a new round since 2021.

: The NFT marketplace operator raised over $427 million in equity funding but closed its last round just over four years ago.

: The developer of the popular scheduling app secured $350 million in 2021 and hasn鈥檛 raised a round since. Since Calendly was mostly self-funded for its first seven years of existence, however, we鈥檇 guess it鈥檚 not a company that鈥檚 likely to be in financial distress.

Using 附近上门 data, we put together a longer sample featuring 10 companies.

Where are they now?

The ranks of companies that haven鈥檛 raised for years include a mix of those that are still active, have shuttered or are quietly winding down. For software startups in particular, many can continue eking along with a skeleton staff and a sparsely supported offering without formally shutting down. Or, they might be doing fine, given the capital they raised at the peak.

Given these are private companies, we can鈥檛 peek under the hood regarding details of their financial condition. All we can say is they haven鈥檛 disclosed a new round for some time.

Related 附近上门 query:

Related reading:

• Global Venture Funding And Unicorn Creation In 2021 Shattered All Records聽

Illustration:

Total valuations at the IPO price for these billion-dollar listings have reached $125 billion so far 鈥斅爉ore than doubling year over year.

鈥淐oming into 2025, folks were optimistic about the IPO market,鈥� said , a corporate partner at legal advisory firm who worked on the and IPOs on the issuer side and on as counsel for the underwriters.

There were a number of high-profile IPOs in 2025 before the government shutdown chilled the market, said Singh, who expects Q1 to be busier due to the hold up.

If interest rates continue to come down, he predicts a pretty good IPO market in 2026. 鈥淚t is a fairly conducive macroeconomic environment,鈥� Singh said.

In this market, 鈥渁 profitable company 鈥� particularly one that either is an AI play or has a good story of how AI will be a tailwind for their business 鈥� are good candidates for a 2026 IPO,鈥� he said.

2025 listings

Among the larger and most high-profile companies to list this year were New Jersey-based AI data center CoreWeave, San Francisco-based design platform Figma, San Francisco-based digital bank , and Sweden-based buy now, pay later fintech giant .

Among these four leading companies, CoreWeave was the best performing stock as of Dec. 16, 2025, having gained over 60% from its listing price.

Crypto valuations up

Leading sectors for the 23 U.S.-based billion-dollar listings were biotech and healthcare with six companies, blockchain and crypto with four companies, fintech with three companies, 补苍诲听 insurance and aerospace each with two companies.

The sectors overall that performed well were cryptocurrency and blockchain companies with New York-based stablecoin provider , San Francisco-based cryptocurrency exchange , and San Francisco-based blockchain lending firm all up from their listing prices, while New York-based crypto exchange platform lagged behind.

These 23 companies’ listing prices totaled $125 billion. That was well above the past three years, but below values seen in 2019 and 2020 before the IPO market took off in 2021.

Singh predicts in the back half of 2026 we will see some bigger listings. While there is this trend of staying private for longer, 鈥測ou can鈥檛 match public market liquidity.鈥�

鈥淭here’s still some uncertainty on valuations. As we see more of the tech IPOs go out, I think the valuations will stabilize, people will get a better sense of investor demand, and so hopefully we’ll see a more certain valuation environment,鈥� he said.

Related 附近上门 queries:

Related reading:

• Yes, I鈥檓 Biased. But Still, Leading Unicorns Like Anthropic Should Be Prepping For IPOs
• SpaceX IPO At $1.5T Valuation Would Be 10x Larger Than Biggest VC-Backed Listing Of All Time
• Hottest Deals In Tech Push 附近上门 附近上门 Toward $7T In Value
• The 附近上门 附近上门
• The MVPs Of The Startup World Are Still Getting More Valuable

Illustration:

The number of new monthly entrants has picked up in recent months. The top 20 companies on the board have also been reshuffled and we鈥檝e seen a marked increase in new decacorn-valued companies.

Of the 20 companies that joined in October, 11 came from the U.S. China added three new unicorns and Sweden contributed two. The U.K., Germany and Ukraine each minted one new unicorn, as did India.

Among the new entrants, New York-based open model developer and Austin-based residential battery operator each raised billion-dollar rounds that valued them as unicorns for the first time.

The highest valued among the new unicorns were Reflection, which was valued at $8 billion, and San Francisco-based payments blockchain聽 , valued at $5 billion.

Exits

A pair of companies from the unicorn board were acquired in October: Passwordless authentication company was acquired by , and , an IT employee experience platform was acquired by . In another October exit, data management tooling company merged with in an all-stock deal.

Three companies also went public: Silicon Valley-based travel and expense management company , Shanghai-based e-commerce software platform , and Beijing-based silicon wafer production company .

New unicorns

Here are October’s 20 newly minted unicorns across multiple sections. AI led with four companies, transportation with three, and healthcare and financial services followed, each with two companies.

AI

• Open source model developer , founded by engineers to compete against DeepSeek, raised a $2 billion Series B from among other investors. The 1-year-old New York-based company was valued at $8 billion.
• , which helps customers build AI applications, raised a $230 million Series C led by , and . The 3-year-old Redwood City, California-based company was valued at $4 billion. It says it has 10,000 customers, up 10x from July 2024.
• AI agent automation platform raised a $180 million Series C led by . The 6-year-old Berlin-based company was valued at $2.5 billion.
• , a platform for deploying AI agents, raised a $125 million Series B led by . The 3-year-old San Francisco-based company was valued at $1.25 billion.

Transportation

• , a builder of autonomous robovans for B2B delivery, raised a $100 million Series B4 extension led by . The 4-year-old Beijing-based company was valued at $1.6 billion.
• raised its first external financing, a $281 million funding round. The 4-year-old company is a Shanghai-based subsidiary of car battery provider CATL and was valued at $1.4 billion in the deal. It鈥檚 a developer of an integrated chassis for battery and electric vehicle functions for driving.
• Self-driving trucking company raised a $100 million funding led by existing investor and quantum company . Einride builds electric big rigs, automated smaller delivery trucks for fixed routes, and a logistics platform. The 9-year-old Stockholm-based company was valued at $1 billion.

Healthcare and biotech

• , provider of a noninvasive therapy for tumors, raised a $250 million private equity round led by its new owners which include , and , as well as additional investors and . The 16-year-old Minnesota-based company was valued at $3 billion.
• In women’s health, weight loss treatment provider raised a $50 million Series A. Investors were not disclosed. The 1-year-old London-based company was valued at $1 billion.

Financial services

• , the owner of retail trading platform Dhan, raised a $120 million Series B led by . The 4-year-old India-based company was valued at $1.2 billion.
• Digital banking software developer , owner of neobank , raised a private equity round led by . The 8-year-old Kyiv, Ukraine-based company was valued at $1 billion.

Web3

• Blockchain payments provider , incubated by and , raised a $500 million Series A led by and . The less than 1-year-old San Francisco-based company was valued at $5 billion.

Energy

• Battery-powered home energy company raised a $1 billion Series C led by . The 2-year-old Austin-based company was valued at $4 billion.

Aerospace

• Reusable rocket manufacturer raised a $510 million Series D led by to scale manufacturing. The 6-year-old Kent, Washington-based company was valued at $2 billion.

Professional services

• 鈥檚 legal platform supports lawyers with research and legal drafting. The 2-year-old Stockholm-based legal tech company raised a $150 million Series C led by . It was valued at $1.8 billion.

E-commerce

• , which connects brands with creators for e-commerce, raised a $70 million funding led by . The 5-year-old Holden, Massachusetts-based company was valued at $1.5 billion. ShopMy says it has enabled $1 billion in sales across its platform.

Sales and marketing

• , which provides a platform for community management for homeowners associations, raised a $300 million private equity round led by . Vantaca says it serves more than 500 management companies. The 9-year-old Wilmington, North Carolina-based company was valued at $1.3 billion.

Defense tech

• Defense acquirer raised a $150 million private equity round led by . The 14-year-old Arlington, Virginia-based company was valued at $1 billion.

Beauty

• Chinese skincare brand raised a $104 million funding led by and . The 24-year-old Shanghai-based company was valued at $1 billion.

Semiconductor

• , a company planning to build a compact lithography machine to support the manufacturing of chips in the U.S. market, raised a $100 million Series A from , and among others. The 4-year-old San Francisco-based company was valued at $1 billion.

Related 附近上门 unicorn lists:

• (1,628)
• (147)
• (113)
• (102)
• (819)
• (494)
• (220)
• (38)
• (469)

Related reading:

• In The Space Of Months, AI Funding Boom Adds More Than $500B In Value To 附近上门 And Reshuffles Top 20
• Highest Count Of New Unicorns Join 附近上门 Board In Over 3 Years As Exits Also Gain Steam
• The MVPs Of The Startup World Are Still Getting More Valuable
• 颁谤耻苍肠丑产补蝉别鈥檚 Global Unicorn List Tops $6T In Value In August For The First Time Despite Slowdown
• Here Are Some Of The Newer Investors Entering The AI And Megaround Race
• These Are The Speediest Companies To Go From Series A To Series C

Methodology

The 附近上门 附近上门 is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on 附近上门 data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations 鈥� such as those set via a 409a process for employee stock options 鈥� as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. 附近上门 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to 附近上门 long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration:

Clarification: This story has changed since its original publication to correct an error in the Exits section.

Collectively, the new September unicorns added $38 billion in value to the board.

Of the 26 companies, 18 new unicorns came from the U.S. Two are U.K.-based, and Finland, Singapore, Hong Kong, Korea, Australia and Mexico each minted one new unicorn last month.

The highest valued among the new entrants were London-based data center provider , valued at $3.2 billion, and Utah-based legal tech startup at $3 billion.

Exits

Unicorn exits also picked up last month, with 11 companies leaving the board. Six of those companies went public, including Sweden-based , Santa Clara, California-based , and San Francisco-based . Five companies were acquired, including by and by .

New unicorns

While healthcare represented the largest cohort among the new unicorns, with five companies from that sector joining the board, new additions last month also hailed from sectors including aerospace, semiconductors and fintech. AI was woven through as a theme in many of the companies.

Here鈥檚 a closer look at September鈥檚 26 new unicorns.

Healthcare

• , a kidney care startup that partners with healthcare providers to provide early detection and preventative care for patients, raised a $300 million Series D led by . The 7-year-old Denver-based company was valued at $1.8 billion.
• , a provider of fluorescent imaging for surgery, raised a $188 million private equity round led by 补苍诲听 鈥檚 . The 1-year-old Singapore-based company was valued at $1.3 billion.
• , a developer of AI tools for scientific research, raised a $235 million Series A led by and . The company seeks to experiment with AI for聽 diagnostics, material science, compute and energy. The 3-year-old Cambridge, Massachusetts-based company was valued at $1.2 billion.
• uses AI to analyze the molecules in nature for medicines. It raised a $150 million Series D led by that valued the 6-year-old Boulder, Colorado-based company at $1 billion.
• Cancer care provider , raised a $97 million Series D from strategic and venture investors at a $1 billion valuation. The 5-year-old Nashville, Tennessee-based company partners with health plans and providers to support patients with cancer.

AI

• AI infrastructure provider raised a $150 million Series D led by . The 6-year-old San Francisco-based company, which aims to make AI inference reliable for applications, was valued at $2.2 billion.
• AI data company , a competitor to , raised a $100 million funding led by . The 10-year-old San Francisco-based company was valued at $2 billion.
• AI consulting firm , which aims to help Fortune 500 companies become AI-native, raised a $175 million Series B led by and . The 3-year-old San Francisco-based company, founded by alumni, was valued at $1.8 billion.
• , a company that supports enterprises looking to adopt AI, raised a $100 million Series C led by . The 5-year-old Palo Alto, California-based company was valued at $1.5 billion.

Fintech

• , a company that supports SMEs with banking, invoicing, loans and payments, among other services, raised $120 million in private equity led by . Tide entered the India market in 2022 and supports and just under that number in the U.K. The 10-year-old London-based company was valued at $1.5 billion.
• Banking-as-a-service provider raised a $70 million Series B led by and at a $1.47 billion valuation for the 4-year-old company. Lead is a chartered bank based in Kansas City, Missouri, and was acquired by in 2022 to provide banking services to fintech companies.
• , a technology-first bank with customers in Mexico, Colombia and the U.S., raised a $100 million Series C led by and. The 5-year-old Mexico City-based bank serves small and medium-sized businesses. It was valued at $1.4 billion.

AI data center

• AI data center provider raised a $1.1 billion Series B led by Norway-based industrial investment company with participation from and . The 2-year-old London-based company was valued at $3.1 billion. Its customers include Nvidia, and . Since the Series B announcement, Nscale has raised a further $433 million SAFE toward a Series C.
• AI data center raised $220 million in private equity led by with participation from Nvidia. An operator of data centers in Singapore and Tasmania, the 6-year-old Tasmania-headquartered company was valued at $1.2 billion.

AI cloud

• , a startup building an AI software computer layer agnostic to the chips they run on, raised a $250 million Series C led by . The 3-year-old Palo Alto, California-based company was valued at $1.6 billion.
• , a company that allows developers to run AI without managing infrastructure, raised an $87 million Series B led by . The 4-year-old New York-based company was valued at $1.1 billion.

Legal tech

• Legal tech startup , a company that unifies case management, communication and billing with AI, raised a $260 million Series E extension led by , and Utah-based The 11-year-old Salt Lake City-based company says it has 6,000 customers using its platform. It was valued at $3 billion.
• , a legal tech startup to support plaintiff law firms, raised a $103 million Series B led by . The 5-year-old San Francisco-based company was valued at $1 billion.

Web3

• , a crypto and stablecoin infrastructure provider, raised a $104 million Series D led by . The 8-year-old Chicago-based company was valued at $1 billion.
• , a stablecoin payments solution provider, raised a $47 million funding led by . The 1-year-old Hong Kong-based company was valued at $1 billion.

Semiconductor

• AI chip startup raised a $250 million Series C led by and . The 5-year-old South Korea-based company was valued at $1.4 billion.

Developer platform

• Developer tooling company , a service that helps engineers with feature releases and tracking impact, raised a $75 million Series E led by . The 5-year-old San Francisco-based company was valued at $1.4 billion.

Hardware

• Independent smartphone device-maker raised a $200 million Series C led by . The 5-year-old London-based company aims to reinvent the smartphone with AI intelligence and was valued at $1.3 billion.

Quantum computing

• Quantum computing startup raised a $320 million Series B led by . The 6-year-old Finland-based company was valued at $1 billion.

Material science

• , a startup that plans to build material science applications using AI, launched from stealth to announce a $300 million seed round led by . The less than 1-year-old Menlo Park, California-based company was valued at $1 billion.

Aerospace

• Satellite manufacturer raised a $200 million Series D led by . The 3-year-old Los Angeles-based company was valued at $1 billion.

Related 附近上门 unicorn lists:

• (1,623)
• (118)
• (113)
• (102)
• (811)
• (499)
• (219)
• (38)
• (460)

Related reading:

• The MVPs Of The Startup World Are Still Getting More Valuable
• 颁谤耻苍肠丑产补蝉别鈥檚 Global Unicorn List Tops $6T In Value In August For The First Time Despite Slowdown
• Here Are Some Of The Newer Investors Entering The AI And Megaround Race
• These Are The Speediest Companies To Go From Series A To Series C

Methodology

The 附近上门 附近上门 is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on 附近上门 data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations 鈥� such as those set via a 409a process for employee stock options 鈥� as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. 附近上门 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to 附近上门 long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration:

Five companies in total kicked off their roadshows: , , , and . Their plans come as the IPO market shows signs of warming up in the second half of 2025.

• Swedish fintech giant Klarna has that it is targeting a valuation of up to $14 billion in a U.S. IPO, a move that was rumored to be happening last week. The company鈥檚 offering will consist of around 34.3 million shares priced between $35 and $37 each.
• Blockchain lender Figure is looking for in a U.S. IPO. The San Francisco startup has raised $1.5 billion in venture and debt financing, per 附近上门 .
• Crypto exchange Gemini announced its to raise up to $316.7 million at a market value of just over $2.2 billion. Based in New York, Gemini聽 has raised nearly $500 million in venture and debt funding, according to .
• Engineering and maintenance services provider San Jose, California-based Legence said it is in its U.S. initial public offering.
• And, Beaverton, Oregon-based cafe chain Black Rock Coffee Bar announced it is by offering 14.7 million shares priced between $16 and $18 apiece.

Perhaps the most eagerly anticipated of the bunch is Klarna, which started out offering buy now, pay later services and has since expanded its business model. The company, founded in 2005, has in funding from investors such as , and , with adding $1.63 billion to that total in a debt financing in August.

Related 附近上门 query:

Related reading:

• The IPO Market Is Opening Up. These 14 Companies Could Be Next.
• IPO Market Outlook: Window Reopens, But Expect A Convoy, Not A Stampede
• Report: Fintech Klarna Eyeing Possible $14B Valuation In September IPO

Illustration:

To help answer that question, we used 颁谤耻苍肠丑产补蝉别鈥檚 to curate a list of 14 venture-backed companies in sectors ranging from AI to fintech to consumer goods that could be on tap as IPO candidates in the foreseeable future. Some of them are known IPO hopefuls; others, more under-the-radar picks that nonetheless have strong credentials for a public-market launch. Let鈥檚 take a closer look.

Fintech

There is perhaps no IPO more anticipated than that of payments giant Stripe. And, unsurprisingly, the fintech is 鈥渧ery likely鈥� to go public, according to 附近上门 predictions.

However, Stripe seems to be doing so well as a private company that some people speculate it has no reason to take to the public markets. Stripe, which has dual headquarters in San Francisco and Ireland, is not only the most-valuable fintech in the world, it鈥檚 one of the most-valuable private companies, period. But instead of going public, it鈥檚 thus far been offering early investors and employees liquidity through secondary sales. In February, for example, Stripe announced in which investors would buy up shares from current and former employees at a valuation of $91.5 billion. Stripe passed the $1.4 trillion total payment volume threshold in 2024. Says : 鈥淭here are no perfectly reliable sources for Stripe鈥檚 revenue, but some sources estimate they surpassed $16B in 2023.鈥�

Since its 2010 inception, Stripe has from investors such as ,,, and . Whether it finally decides to take the plunge into the public markets remains to be seen, but if it does, there is no doubt its filing will be devoured by media and fintech enthusiasts alike.

Airwallex, a Singapore-based global payments and financial platform, is also 鈥渧ery likely鈥� to go public, per 附近上门 predictions. CEO has stated that the plan is to have Airwallex make its public market debut by the end of 2026, although the company is reportedly 鈥溾�� to list. Interestingly, Airwallex rejected a $1.2 billion acquisition offer from Stripe in 2018. And that probably wasn鈥檛 a bad move. Founded in 2015 in Melbourne, Australia, the Stripe competitor has raised more than $1.2 billion in funding and was valued at over $6.2 billion as of its last raise 鈥� a in May 2025 that included $150 million in secondary share transfers. Investors include ,,, and 1, among others.

In August 2024, that Airwallex had reached an annual revenue run rate of $500 million after seeing major growth in its North American and European businesses. In announcing its Series F, the company that it was 鈥渙n track to hit $1 billion in annualized revenue in 2025, as businesses of all sizes look to expand globally without friction.鈥� That follows its achievement of $720 million in annualized revenue in March, up 90% year over year, according to the company. It touts more than 150,000 customers globally, including , , , , , , and .

鈥� Mary Ann Azevedo

Enterprise tech and AI

We know that AI chip company Cerebras, founded in 2016 by , has been gearing up to go public. The Sunnyvale, California-based company filed with the to go public at the end of 2024. It then delayed its offering due to regulatory scrutiny over its ties to UAE-based , which has since been cleared by the Committee on Foreign Investment in the United States. The company is considered a 鈥減robable鈥� IPO candidate by 附近上门. In its filing, Cerebras noted its dependence on a single customer, Group 42, a subsidiary of its investor G42, responsible for more than 80% of revenue in 2023 and the first half of 2024. Cerebras has built a larger chip that is 10x faster for AI training and inference compared to leading GPU solutions, according to the . Its customers include , and the . Cerebras is reported to be raising which could delay its plans to go public. Still, the market conditions are good for an AI chip company. has topped $4 trillion in value and , which went public in March 2024 at $36 per share, has doubled its price from mid-July to mid-August to over $180.

Databricks, at the center of AI and data, is a strong candidate to go public in the next year. The San Francisco-based company is one of the 10 most-valuable private companies in the world, with a in revenue run rate as of Jan. 31, and on track to deliver positive free cash flow. In December, Databricks raised a $10 billion funding, the largest round in 2024, which valued it at $62 billion. The 12-year-old company has also been on a buying spree, notably purchasing AI infrastructure builder in 2023, data management service in 2024, and sql database solution developer in 2025, each at $1 billion or more. 附近上门 indicates it鈥檚 a 鈥減robable鈥� IPO candidate.

鈥� Gen茅 Teare

Clay sits at the red-hot intersection of AI and marketing and is a 鈥減robable鈥� IPO candidate, per 附近上门 predictions. Its growth metrics and scale seem to support that outlook, with the company 鈥� triple its 2024 figure. It has likewise tripled its valuation in just over a year from $500 million to $3.1 billion in a $100 million Series C raise last month. The New York-based startup, founded in 2017, is reportedly nearing profitability. It鈥檚 backed by IPO-savvy investors including , and , further bolstering its public-market credentials. The company claims to have invented the 鈥�,鈥� which CEO and co-founder has described as 鈥渢he first true AI-native profession.鈥�

鈥� Marlize van Romburgh

Cybersecurity

Crypto wallet startup Ledger is 鈥渧ery likely鈥� to IPO, according to 附近上门 predictions. That makes sense, as the French startup, founded in 2014, is well-positioned at the intersection of two currently hot industries: cybersecurity and blockchain. Paris-based Ledger offers a hardware wallet to secure crypto private keys. It has raised some $577 million from venture investors including and , per . CEO in June that Ledger is actively thinking about a U.S. stock market debut, likely within the next three years. It also has plans to expand beyond crypto security into cybersecurity more broadly. While he didn鈥檛 disclose revenue figures, Gauthier said Ledger has sold 8 million of its devices to date and estimated that 20% of the world鈥檚 crypto assets are protected via the company鈥檚 wallets. 鈥淥ur size is compatible with an IPO,鈥� he said. 鈥淭hat鈥檚 a short-medium term vision.鈥�

It鈥檚 鈥減robable鈥� that security startup 1Password will go public, according to 颁谤耻苍肠丑产补蝉别鈥檚 prediction model. That makes sense, given the Toronto-based startup鈥檚 disclosed financials. The company was founded in 2005 and bootstrapped for its first 14 years before receiving its first outside investment from in 2019. It’s gone on to raise $920.1 million total from venture investors, per . Its most recent raise was in 2022, when it landed a $6.2 billion valuation in a $620 million -led round. While 1Password hasn’t raised since then, it likely hasn’t needed to: Co-CEO in February that the company has been profitable since the get-go and now has more than 150,000 customers, with 75% of its business selling to enterprises. While the company hasn’t made any formal moves toward an IPO, Faugno told CRN that 鈥渨e do believe that this platform and this company can be a very large, standalone business. And we do believe that public markets are a likely stop on that journey, and an accelerator of that journey.鈥�

Tanium, founded in 2007, is a frequent guest on IPO predictions lists, our own included. That’s likely because the endpoint management startup has raised a whopping $1 billion from private-market investors including ,, , and . It has also disclosed big revenue numbers to boot, that ARR topped $700 million in 2024 and that it had free cash flow margins north of 10%, making it profitable on an EBITDA basis. The company’s most recent funding-round valuation is $9 billion, though that dates to 2021. But trading on secondary-market platforms including has reportedly 鈥斅燼round $4 billion 鈥� more recently. Kirkland, Washington-based Tanium hasn’t disclosed going-public plans, and CEO 鈥� brought on last year to take over from co-founder 鈥� told Forbes 鈥渨e feel very comfortable as a private company.鈥� Still, if it were to pursue an IPO, Tanium may see a receptive market following data security platform 鈥檚 successful IPO last year.

鈥� Marlize van Romburgh

Consumer startups

Founded in 2013, hair-color brand Madison Reed has had quite some time to build up a following, and it continues to expand its reach. Launched as an online brand, it also currently sells in brick-and-mortar stores and operates a network of聽 hair color bars. Co-founded and led by , a longtime consumer-focused partner at VC firm , the San Francisco-headquartered company has raised over $220 million in equity funding as well as $50 million in debt financing. 附近上门 grades it as a 鈥減robable鈥� IPO candidate.

Skims, the shapewear brand co-founded by in 2019, has expanded its way into a host of product lines including sleepwear and activewear in addition to its core shapewear offerings. Funding has followed. The company has raised more than $700 million in seed and venture investment and attracted a host of well-known backers, including and . It also has a knack for staying in the news, boosted of late by a controversial sculpting . Could an IPO be next? 附近上门 predicts that move is 鈥減robable.鈥�

鈥� Joanna Glasner

It鈥檚 unusual, to say the least, for a D2C clothing retailer to land on an IPO watch list like this one in the year 2025, but Quince is the exception. The San Francisco-based startup is a 鈥減robable鈥� IPO candidate, per 附近上门, a prediction likely fueled by its reportedly fast revenue growth, back-to-back funding deals, and strong brand appeal among Gen Z and millennials. The company has raised more than $260 million from investors to date, not yet including an in-the-works $200 million -led Series D that would reportedly value the company at more than $4.5 billion 鈥� double its year-earlier valuation. Quince bucks the trend when it comes to fashion startups, which have seen venture investment fall off precipitously since the peak year of 2023.

鈥� Marlize van Romburgh

Health/biotech

Mountain View, California-based Commure, a provider of AI-enabled software for health systems and clinicians, has raised more than $800 million in venture funding to date, including a led by , per 附近上门 data. The company also that its ARR, in the hundreds of millions, has doubled for three consecutive years. Those sound like the kind of metrics that IPO investors like, and 附近上门 says a listing is a probable outcome.

Inari is hoping to pioneer technology for seeds that will enable plants to make the most efficient use of land, water and fertilizer. Founded in 2016, the Cambridge, Massachusetts-based company has raised more than $720 million in equity funding to date, a $144 million January financing. In terms of IPO potential, it helps that the company is employing two hot technologies: AI-powered predictive design and . Inari is another probable IPO candidate according to 附近上门.

鈥� Joanna Glasner

Defense/space tech

Sierra Space is firmly on the IPO radar. The company, named a 鈥渧ery likely鈥� IPO candidate by 附近上门, (including with ) and has raised $1.7 billion in total venture investment at a $5.3 billion valuation from heavyweights including and . The company has several marquee projects advancing, which include its Dream Chaser spaceplane and Orbital Reef commercial station. It also enjoys the benefit of an increasingly bullish market for space and defense startups, which have raised robust venture investment this year. The sector has already seen a successful 2025 IPO in the form of 鈥檚 August public-market debut 鈥� could Sierra be next?

鈥� Marlize van Romburgh

Related 附近上门 query:

Related reading:

• 30 Startups We Think Could Go Public In 2022
• Quince, A Bright Spot In Struggling D2C Fashion Space, More Than Doubles Valuation To $4.5B With Second Raise In 6 Months

Methodology

颁谤耻苍肠丑产补蝉别鈥檚 utilize 附近上门 data 鈥� including funding and valuation, and milestones such as financial growth, key leadership hires, market share expansion and headcount growth 鈥� to forecast the likelihood of a private company launching an IPO, providing a probability score and its supporting evidence. Read more about 颁谤耻苍肠丑产补蝉别鈥檚 Predictions & Insights and its methodology for IPO predictions .

Illustration:

The most highly valued to join last month was , which raised a $2 billion seed round at a $12 billion value.

The U.S. led unicorn creation in June with 11 companies, followed by China with four. Israel, India, UAE and Switzerland each added one, as did New Zealand, with its first unicorn company, per 附近上门 data.

Eight exits

Six companies from the board went public, including four from the U.S. The most notable of the bunch was neobank , which went public at a value of $9.8 billion. Other U.S. unicorns that exited in June include , a stablecoin service for payments, AI-driven precision medicine startup , and behavioral health company .

Two unicorn companies from China went public: voice AI company and vehicle sharing service .

Two unicorns were also acquired in June: SMB accounts payable service , was purchased by New Zealand-based accounting software service , and , which was acquired by private equity firm .

June鈥檚 newly minted unicorns

Here are the 20 newly minted unicorns in June, by sector.

AI

• 鈥檚 AI research lab raised a $2 billion seed round 鈥� the largest seed round on record 鈥� led by . The less than 1-year-old San Francisco-based company was valued at $12 billion.
• , a conversational AI for customer experience, raised a $131 million Series C led by and Andreessen Horowitz. The 2-year-old San Francisco-based company was valued at $1.5 billion.
• deploys GenAI for companies and governments. It raised a $17.3 million first close in a round of funding, led by and . The 4-year-old Reston, Virginia-based company was valued at $1.2 billion.
• , an AI meeting assistant, raised a secondary financing for its early team members, valuing the company at $1 billion. The 9-year-old San Francisco-based company is reportedly profitable and says it鈥檚 used by people at 75% of Fortune 500 companies.

Robotics

• , developer of humanoid and quadrupedal robotics for industrial and consumer use, raised a $97 million Series C led by . The 8-year-old Hangzhou, China-based company was valued at $1.7 billion.
• , a robotic AI inspection service for defense, energy and manufacturing, raised a $125 million Series D led by . The 12-year-old Pittsburgh-based company was valued at $1.3 billion.
• , a developer of a humanoid robot for retail that manages inventory, replenishment and packaging, raised a $153 million funding led by . The 2-year-old Beijing-based company was valued at $1 billion.

Financial services

• , a platform to trade on event outcomes, raised a $185 million Series C led by . The 6-year-old New York-based company was valued at $2 billion.
• , a fund administration platform for private equity and venture, raised a $130 million Series D led by . The 12-year-old San Francisco-based company was valued at $1.1 billion.

Developer tools

• , a product management tool for software teams, raised an $82 million Series C led by Accel. The 6-year-old San Francisco-based company was valued at $1.3 billion.
• , a real time data observability platform for software, raised a $115 million Series E led by . The 9-year-old Tel Aviv, Israel-based company was valued at $1.1 billion.

Web3

• , a cryptography company building encryption solutions for blockchain, raised a $57 million Series B led by and . The 5-year-old Switzerland-based company was valued at $1.2 billion.
• , a blockchain infrastructure developer integrated into , raised a $29 million Series A led by Ribbit Capital. The 3-year-old Dubai-based company was valued at $1 billion.

Software

• , an open source operating system to compete with Windows and MacOs in China, raised a $418 million corporate funding led by The 5-year-old Guangdong, China-based company was valued at $1.6 billion.

Healthcare

• , a medical imaging equipment company that can identify, diagnose and recommend treatment, raised a $139 million Series A led by and. The 7-year-old Shanghai-based company was valued at $1.4 billion.

Sports

• , a software service for high performance sports team development, raised a $235 million Series F led by existing investor . The 15-year-old Durham, North Carolina-based company was valued at $1.2 billion.

Defense tech

• Military planning software company raised a $24 million Series C extension led by . The 6-year-old Honolulu-based company was valued at $1.1 billion. Its Series C funding 3 months earlier led by and valued the company at $650 million.

Network services

• , a networking infrastructure company, raised a $170 million Series C led by General Catalyst. The 9-year-old San Francisco-based company was valued at $1 billion.

E-commerce

• , a B2B e-commerce marketplace for food and groceries, raised a $120 million Series D led by . The 9-year-old Bangalore, India-based company was valued at $1 billion. Jumbotail also announced in June that it completed an acquisition of , a B2B marketplace, incubated by SC Ventures.

Devices

• , a smart collar technology to manage cattle grazing, raised a $99 million Series D led by . The 9-year-old Auckland, New Zealand-based company was valued at $1 billion.

Related 附近上门 unicorn lists

• (1,605)
• (77)
• (112)
• (102)
• (803)
• (501)
• (209)
• (37)
• (454)
• (523)

Methodology

The 附近上门 附近上门 is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on 附近上门 data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations 鈥� such as those set via a 409a process for employee stock options 鈥� as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. 附近上门 converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to 附近上门 long after the event was announced, foreign currency transactions are converted at the historic spot price.

Illustration:

This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding rounds here.

It may feel like the doldrums of summer, but this past week was nonetheless a pretty action-packed one for big funding rounds. The headliner was 鈥檚 , which reportedly snagged $2 billion in a deal that set a record for seed round size. Other AI players, including medical note-taking tool , and legal tech startup , also closed large financings.

1. , $2B, AI: San Francisco-based Thinking Machines Lab, the artificial intelligence startup launched and led by former CTO , reportedly secured a $2 billion seed round at a $10 billion valuation with as lead investor. The financing ranks as the largest U.S. seed round of all time, per 附近上门 data.

2. (tied) , $300M, healthcare AI: Abridge, a startup that offers an AI note-taking tool for doctors, raised $300 million at a $5.3 billion valuation. Andreessen Horowitz led the Series E financing for the 7-year-old, Pittsburgh- and San Francisco-based company, and was joined by .

2. (tied) , $300M, legal tech: San Francisco-based Harvey, a provider of AI-enabled tools for legal and professional services, landed $300 million at a $5 billion valuation in a financing co-led by and . The Series E round brings total funding to date for the 3-year-old company to over $800 million.

4. , $185M, predictions market: Kalshi, operator of a platform that enables betting on event outcomes in politics, sports, entertainment and other areas, closed on $185 million in Series C funding. led the financing, which sets a $2 billion valuation for the New York-based company.

5. , $135M, blockchain: New York-based Digital Asset, a developer of privacy-enabled blockchain technology, locked up $135 million in a financing led by and . The round brings funding to date for the 11-year-old company to more than $440 million.

6. , $131M, agentic AI: Decagon, a provider of AI agents for customer service, raised $131 million in Series C funding at a $1.5 billion valuation. and Andreessen Horowitz led the financing.

7. , $96.5M, biotech: South San Francisco, California-based Neuron23, a developer of precision medicines for genetically defined neurological and immunological diseases, picked up $96.5 million in a Series D round. The company also announced the first patient has been dosed in a Phase 2 clinical trial of a treatment for early Parkinson鈥檚 disease.

8. , $92M, spacetech: Xona Space Systems, a developer of Low Earth Orbit satellites for navigation, $92 million new funding. The fundraise includes a $72 million Series B led by and another $20 million from , the innovation arm of the .

9. , $75M, cybersecurity: Seattle-based XBow, developer of an autonomous AI-driven penetration testing system, secured $75 million in a Series B round financing led by . Earlier this year, the startup said it became the top U.S. hacker on 鈥檚 rankings.

10. , $65M, insurance: Ledgebrook, a Boston-based provider of general liability and professional liability insurance products, raised a $65 million Series C funding round led by . The financing brings total funding to date to around $115 million, per .

Methodology

We tracked the largest announced rounds in the 附近上门 database that were raised by U.S.-based companies for the seven-day period of June 21-27. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

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