More than 100 new tech unicorns were minted in 2025 — here they are

The wave of AI innovation has led to an impressive rise in the number of startups reaching unicorn status, with more than 100 achieving this milestone in 2025 alone. TechCrunch has compiled a list of these VC-backed firms, utilizing data from Crunchbase and PitchBook to highlight the latest entrants into the billion-dollar club. While a significant portion of these new unicorns are centered around artificial intelligence, there are notable companies from other sectors, such as Loft Orbital, which specializes in satellite technology, and Kalshi, a blockchain-based trading platform. The list will continue to evolve throughout the year, reflecting the dynamic nature of the tech landscape. Here are some of the standout companies that have recently crossed the $1 billion valuation threshold: - **Heven Aerotech**: Founded in 2019, this startup focuses on hydrogen-powered drones and recently secured a $100 million Series B, totaling $115.2 million in funding to date. - **Unconventional AI**: Established in 2025 by Naveen Rao, former head of AI at Databricks, this company is developing energy-efficient computing solutions for AI applications. It completed a $475 million seed round from prominent investors like Andreessen Horowitz. - **Saviynt**: This cybersecurity firm, specializing in identity management, was launched in 2010 and raised a $700 million Series B, accumulating $740 million in total funding from backers including KKR. - **Serval**: Founded in 2024, this startup offers AI agents designed to assist IT professionals. It recently completed a $74.8 million Series B, bringing its total funding to approximately $126 million. - **Chai Discovery**: This firm, which predicts biochemical molecular structures, was founded in 2024 and has raised nearly $230 million, including a $130 million Series B round. - **MoEngage**: A customer analytics platform established in 2014, MoEngage recently secured $280 million in funding, bringing its total to around $450 million. These companies signify just a fraction of the flourishing tech ecosystem, as venture capital continues to pour into innovative ideas across various domains. The trend is expected to carry on, with fresh startups emerging and existing companies scaling new heights. Keep an eye on this evolving list of unicorns as 2025 unfolds.