5 New Unicorns Join The Board And 5 Exit In October 

5 firms joined The Crunchbase Unicorn Board in October 2024, throughout sectors spanning AI, power, robotics, fintech {and professional} companies. These 5 added over $7 billion in worth to the board, which now hosts greater than 1,550 firms collectively valued at $5.3 trillion.

4 of the brand new unicorns are from the Bay Space, whereas the opposite is headquartered in London however operates in Africa.

As well as, 5 firms, final valued at $12.5 billion collectively, exited the board in October. These 5 exited unicorns had been larger in worth than the full worth added from the newly minted unicorns.

Nonetheless, the general worth of the board grew as OpenAI raised the most important spherical this yr, $6.6 billion, boosting its worth from $80 billion in February to $157 billion in its most up-to-date funding. And AI firms Sierra and Lightmatter raised funding inside a yr of prior fundings at important markups from these earlier fundings.

To date this yr, 32 firms have exited the board, with half going public and half being acquired. That’s already above the totals in 2023, when 25 firms exited, together with 12 acquired and 13 that listed.

Exits in transportation and healthcare

Three firms from China went public final month, together with two in autonomous driving. Horizon Robotics went public on the Hong Kong inventory alternate, elevating $696 million, and WeRide raised $440.5 million in a Nasdaq itemizing. China-based short-distance courier supplier BingEx, branded as FlashEX, additionally went public on Nasdaq, elevating $66 million.

In the meantime, two U.S.-based healthcare firms had been acquired final month. Each concentrate on managing in-home ongoing care. Carebridge, a Nashville, Tennessee-based dwelling well being supplier for medicare and medicaid sufferers, was acquired for $2.7 billion by Elevance Health, a public well being firm primarily based in Indiana. And Boston-based Biofourmis, a biotech firm that screens sufferers at dwelling, merged with CopilotIQ, a related care firm for these with persistent situations.

October’s minted unicorns

Listed here are all the newly minted October unicorns, by sector.

AI

Vitality

• Nuclear fusion firm Pacific Fusion, primarily based in Fremont, California, raised a whopping $900 million Collection A led by General Catalyst. The 1-year previous firm didn’t disclose its valuation, nevertheless it’s certainly nicely into unicorn territory.

Skilled companies

• San Francisco-based EvenUp, an AI authorized tech firm for private damage regulation companies, raised a $135 million Series D led by Bain Capital Ventures. The 5-year previous firm was valued at $1 billion.

Fintech

• Enterprise fee platform Moniepoint raised a $110 million Collection C led by Africa-focused non-public fairness fund DPI. Moniepoint is processing $17 billion month-to-month for its clients primarily in Nigeria, with plans to develop throughout Africa. The 9-year previous London-headquartered firm was valued at $1 billion.

Robotics

• San Francisco-based Nimble Robotics, an AI robotics for e-commerce choosing and packing, raised a $106 million Collection C led by non-public funding agency Cedar Pine and former investor FedEx. The 7-year previous firm was valued at $1 billion.

Associated Crunchbase unicorn lists

Associated studying:

The Crunchbase Unicorn Board is a curated listing that features non-public unicorn firms with post-money valuations of $1 billion or extra and is predicated on Crunchbase knowledge. New firms are added to the Unicorn Board as they attain the $1 billion valuation mark as a part of a funding spherical.

The unicorn board doesn’t replicate inside firm valuations — resembling these set through a 409a course of for worker inventory choices — as these differ from, and usually tend to be decrease than, a priced funding spherical. We additionally don’t alter valuations primarily based on investor writedowns, which change quarterly, as totally different traders won’t worth the identical firm persistently throughout the similar quarter.

Funding to unicorn firms contains all non-public financings to firms which might be tagged as unicorns, in addition to those who have since graduated to The Exited Unicorn Board.

Exits analyzed right here solely embody the primary time an organization exits.

Please observe that each one funding values are given in U.S. {dollars} except in any other case famous. Crunchbase converts foreign currency to U.S. {dollars} on the prevailing spot charge from the date funding rounds, acquisitions, IPOs and different monetary occasions are reported. Even when these occasions had been added to Crunchbase lengthy after the occasion was introduced, international forex transactions are transformed on the historic spot value.

Illustration: Dom Guzman