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

Summary

With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns so far this year. While most are AI-related, a surprising number are focused in other industries like satellite space companies Loft Orbital and blockchain-based trading site Kalshi. This list will be updated throughout the year, so check back and see the latest powerhouse startups that are now worth over $1 billion. December Heven Aerotech —$1 billion: This startup, founded in 2019, is creating hydrogen powered drones. It last raised a $100 million Series B, and has raised $115.2 million in total capital to date. Investors include IonQ, according to Pitchbook. Unconventional AI — $4.5 billion: This startup, founded in 2025 by Databricks former head of AI, Naveen Rao, is working on an energy-efficient computer for AI. It last raised a $475 million seed round from investors including Andreessen Horowitz and Lightspeed, Rao told Bloomberg. Saviynt — $3 billion: This identity management cybersecurity startup, launched in 2010, last raised a $700 million Series B. It has raised $740 million in funding to date from investors, including KKR, according to Pitchbook. Techcrunch event San Francisco | October 13-15, 2026 Serval — $1 billion: This startup creates AI agents to help IT professionals’ complete tasks. Founded in 2024, the company last raised a $74.8 million Series B. It has raised around $126 million in funding to date from investors including Sequoia and Redpoint, according to Pitchbook. Chai Discovery — $1.3 billion: This startup creates models that help predict the structure of biochemical molecular structures. Founded in 2024, the company last raised a $130 million Series B. It has raised close to $230 million in funding to date from investors including General Catalyst and Thrive Capital, according to Pitchbook. MoEngage — $1.1 billion: This customer analytics platf...