Although nine companies joined the Crunchbase Unicorn Board in October 2023, the majority of existing unicorns that raised additional funds last month did so through extension rounds with no value increase. crunch base The data shows.
Two of the new unicorns focused on cybersecurity and one was in the generative AI sector and was a less than one-year-old startup based in Beijing.
Interestingly, zero companies from Silicon Valley participated.
Two unicorn companies — convoytrucking companies, medical claims management providers Olive AI — While closing amidst the current decline in market funding, many companies on the board hold values that can no longer be sustained in this funding environment.
defense technology Shield AIThe company, which joined the Unicorn board in 2021, is one of the few existing unicorns to raise an uptick in funding last month, increasing its valuation from $2.3 billion in 2022 to $2.7 billion in its latest raise.
Here are the companies that joined unicorn boards in October, by sector.
cyber security
Transportation facilities
Aerospace
Human Resources Department
fintech
clean tech
A.I.
health care
Of this list, three companies were founded in the past five years: Headway, Electric Hydrogen, and Baichuan Intelligence.
Related Crunchbase Unicorn Queries
methodology
The Crunchbase Unicorn Board is a curated list of privately held unicorn companies with post-money valuations of $1 billion or more, based on data from Crunchbase. The new company Added to unicorn board The company was valued at $1 billion as part of a funding round.
The Unicorn Board of Directors does not reflect internal corporate valuations (such as valuations established through the 409a process for employee stock options). This is different from a priced funding round as it is likely to be lower. Additionally, because different investors do not consistently value the same company within the same quarter, we do not adjust valuations based on investor writedowns that change from quarter to quarter.
Financing unicorn companies includes all private loans to companies that are tagged as unicorns and those that subsequently graduate to unicorn companies. Unicorn Board Withdrew.
Please note that all funding amounts are expressed in U.S. dollars unless otherwise stated. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date the financing round, acquisition, IPO, or other financial event is reported. Foreign currency transactions are converted at historical spot prices, even if events are added to Crunchbase long after they are announced.
figure: Dom Guzman
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