A total of 27 companies joined the ¸½½üÉÏÃÅ 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’s new unicorns

Here are February’s 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 ¸½½üÉÏÃÅ 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
• ¸½½üÉÏÃÅ Data: The AI Boom Has Drastically Changed Who’s Funding The Hottest Companies In 2025 Vs. 2021
• January Delivers Highest New Unicorn Count In More Than 3 Years

Methodology

The ¸½½üÉÏÃÅ ¸½½üÉÏÃÅ is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on ¸½½üÉÏÃÅ 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 — such as those set via a 409a process for employee stock options — 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. ¸½½üÉÏÃÅ 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 ¸½½üÉÏÃÅ long after the event was announced, foreign currency transactions are converted at the historic spot price.

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A total of 15 companies secured venture funding rounds of $2 billion or more last year, per ¸½½üÉÏÃÅ data. Among them, they amassed more than $100 billion from those financings.

The majority were generative AI companies, and they accrued most of the cash. The single largest round went to , with its record-setting $40 billion -backed financing in March. Four others raised rounds of more than $5 billion.

With the year now in hindsight, we thought it would be timely to take a look at who secured the largest financings. Below are the top 15, in descending order.

1. , $40B, artificial intelligence: On March 31, OpenAI announced that it secured a $40 billion investment led by . The deal for the San Francisco-based company is the biggest venture investment ever. Per details of the deal, SoftBank will build a syndicate of co-investors to provide $10 billion of the total, while it expects to fund the other $30 billion, with $10 billion of that amount through debt.

2. , $14.3B, generative AI: San Francisco-based Scale AI, a provider of training data and model evaluation for AI applications, raised a reported from in June at a valuation of $29 billion. Under the agreement, Scale’s founder, , and some other employees joined Meta to work on its AI efforts.

3. , $13B, generative AI: San Francisco-based generative AI unicorn Anthropic raised a $13 billion Series F round at a $183 billion valuation in September. led the round, with and co-leading.

4. , $6.2B, artificial intelligence: Project Prometheus, a startup focused on applying AI technology to physical tasks, launched with $6.2 billion in initial funding, per a November report. will reportedly serve as co-CEO, alongside , a physicist and chemist who served as CEO and co-founder of biotech startup and is also known for his work at ’s .

5. , $5.3B, generative AI: ’s generative AI startup xAI pulled in $5.3 billion in fresh equity funding this summer, per a securities . Since its inception just two-and-half years ago, the Palo Alto, California-based company has raised more than $22 billion in equity and debt financing, per .

6. , $4B, data and AI: Databricks in December that it is raising over $4 billion in a Series L financing at a $134 billion valuation, led by , and . The 12-year-old, San Francisco-headquartered company also said it crossed the $4.8 billion revenue run-rate in its third quarter, growing more than 55% year over year.

7. , $3.5B, generative AI: Anthropic raised a $3.5 billion funding round in March led by , valuing the San Francisco-based unicorn at $61.5 billion.

8. , $2.5B, defense tech: Costa Mesa, California-based defense tech startup Anduril Industries has raised $2.5 billion in a June Series G round led by , more than doubling its valuation to $30.5 billion post-money.

9. , $2.3B, AI coding: Coding automation platform Cursor and parent company Anysphere $2.3 billion in a November Series D financing backed by , , , , , and . The round set a $29.3 billion post-money valuation for the San Francisco-headquartered company.

10. (tied) , $2B, prediction market: , the operator of clearing houses and exchanges including the , in October that it will invest up to $2 billion into the prediction market platform Polymarket. The deal sets an $8 billion pre-money valuation for New York-based Polymarket, which lets users wager on event probabilities across markets, politics, sports and other areas.

10. (tied) , $2B, artificial intelligence: Reflection AI, a developer of LLM training models based on open standards, raised $2 billion in an October backed by and a long list of venture investors. The financing sets an $8 billion valuation for the New York-based company.

10. (tied) , $2B, artificial intelligence: AI research lab Safe Superintelligence, the Palo Alto, California-based startup co-founded by ’s former chief scientist , raised a $2 billion April round at a $32 billion valuation led by .

10. (tied) , $2B, artificial intelligence: 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 ¸½½üÉÏÃÅ data.

10. (tied) , $2B, cryptocurrency: Malta-based cryptocurrency exchange Binance received a $2 billion investment in March from Abu Dhabi-based investment firm .

10. (tied) , $2B, generative AI: France-based frontier model company Mistral was valued at $13.2 billion in a $2 billion September funding led by Netherlands-based chipmaker .

Related ¸½½üÉÏÃÅ query:

Related reading:

• The ¸½½üÉÏÃÅ Megadeals Board
• SoftBank And OpenAI Make History With Largest Startup Financing Ever
• Anthropic Nearly Triples Valuation To $183B With Massive New Funding
• Bezos Launches AI Startup With $6.2B In Reported Funding

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