Tech Startups That Became Unicorns in 2024

January 2024

Eleven Labs

Eleven Labs, specializing in advanced AI-driven text-to-speech technology, raised $80 million in a Series B round, achieving a $1.1 billion valuation.

February 2024

NinjaOne

A mobile device management and security company, NinjaOne raised a $231 million Series C in February, achieving a $1.9 billion post-money valuation. To date, the company has raised $282.7 million from investors, including ICONIQ Growth.

Ascend Elements

This sustainable battery company raised $162 million in February, bringing its post-money valuation to $1.61 billion. Ascend Elements has raised over $1 billion from investors, including Just Climate, Clearvision Ventures, and Irongrey.

Lambda

Lambda, a GPU cloud computing platform for AI, raised a $320 million Series C in February at a valuation of $1.52 billion. In total, Lambda has raised nearly $900 million from investors such as Garry Tan, Bloomberg Beta, and Alumni Ventures.

EigenLayer

EigenLayer, the team behind Ethereum's staking project, raised a $100 million Series B in February, reaching a $1.1 billion valuation. Investors include a16z, Blockchain Capital, and Apollo Crypto, with a total funding of over $160 million.

Figure

A humanoid robotics company, Figure raised $675 million in February, achieving a $2.6 billion valuation. Figure has raised nearly $850 million from investors like Bezos Expeditions, Calm Ventures, and OpenAI.

Bugcrowd

A crowdsourced cybersecurity platform, Bugcrowd raised $102 million in February in a Series E round led by General Catalyst, valuing the company at $1 billion. The company has raised over $180 million to date.

March 2024

Mews

Mews, a hotel property management SaaS startup, secured $110 million in funding, elevating its valuation to $1.2 billion. The company plans to utilize the funds to innovate its platform and support the hospitality industry's evolving needs.

Perplexity AI

AI search startup Perplexity, known for developing advanced search technologies, raised $73.6 million in Series B funding, valuing the company at $520 million.

April 2024

Grow Therapy

Grow Therapy, a health tech platform for finding therapists, raised an $88 million Series C in April, achieving a $1.4 billion valuation. Founded in 2020, the company has raised almost $180 million from investors, including Sequoia, Goldman Sachs, and actress Anna Kendrick.

Cognition AI

Cognition AI, working on an AI software engineer named Devin, raised a $175 million Series B in April, valuing the company at $2 billion. Since its founding in 2023, the company has raised $196 million from investors like Founders Fund, Khosla Ventures, and Pear.

Xaira Therapeutics

Xaira Therapeutics, an AI drug discovery startup, raised a $1 billion Series A in April, giving it a valuation of $2.7 billion. Founded in 2023, the company is backed by investors such as ARCH Venture Partners, Foresite Capital, and Menlo Ventures.

Flip

Flip, a social commerce platform founded in 2019, raised a $144 million Series C in April, achieving a $1.19 billion valuation. The company has raised over $300 million from investors, including AppLovin, Streamlined VC, and Mubadala’s sovereign wealth fund.

May 2024

Sigma computing

Sigma, a leading cloud analytics company, has raised $200 million in Series D funding, led by Spark Capital and Avenir Growth Capital, with participation from existing investors like Snowflake Ventures. The funding round values Sigma 60% higher than its previous round and aims to bolster its position as a market leader in cloud data analytics. Sigma's platform, which facilitates business intelligence by enabling users to leverage data without coding, has been expanding its capabilities in AI, Python, and data applications. The company's growth is driven by innovative features like warehouse writeback and real-time collaboration, catering to various industries and roles, and facilitating data democratization across enterprises. The investment will support Sigma's ongoing mission to transform business intelligence and extend its market reach.

WEKA

Weka, a SaaS data storage company specializing in AI use cases, is valued at $1.6 billion.

June 2024

Huntress

A managed cybersecurity platform based in Ellicott City and led by CEO Kyle Hanslovan, protects small and medium-sized businesses using human threat hunters and is valued at $1.5 billion in June 2024, reflecting its effectiveness in addressing evolving cybersecurity threats.

July 2024

SKILD AI

Skild AI has raised $300 million in Series A funding at a $1.5 billion valuation. Backed by Lightspeed, Coatue, SoftBank, and Jeff Bezos, Skild aims to develop a scalable AI model for robotics, addressing labor shortages in industries such as healthcare and manufacturing. The funds will scale their technology and team, fostering versatile and adaptable robots for diverse real-world applications.

👉 Announcement

Harvey

Harvey has created an AI copilot for lawyers, enhancing legal research and documentation, and is valued at $1.5 billion.

Chainguard

Chainguard, a leader in software supply chain security, has raised $140 million in Series C funding, boosting its valuation to $1.12 billion. Led by Redpoint Ventures, Lightspeed Venture Partners, and IVP, the funding will support the expansion of Chainguard's secure container image solutions, especially for AI workloads. Chainguard's products are designed to provide robust security for open source software, addressing vulnerabilities and compliance issues. The funds will also help scale their operations internationally and enhance their federal business offerings. Chainguard's solutions are used by major companies like Anduril, Canva, and Snowflake, aiming to redefine secure software delivery.

Saronic Technologies

Saronic, a leader in defense technology, has raised $175 million in Series B funding, bringing its valuation to $1 billion. The round was led by Andreessen Horowitz with additional investors including 8VC and Caffeinated Capital. The funding will accelerate the production and development of Saronic's autonomous surface vessels (ASVs) for the U.S. Navy and its allies. These ASVs, featuring advanced AI, aim to enhance maritime capabilities by working in tandem with manned systems, offering a scalable and cost-effective solution for naval operations. The investment will also support Saronic's expansion into international markets and further innovation in autonomous technologies.

Devrev

AI-native platform enhancing customer support and product development led by CEO Dheeraj Pandey for software companies, is valued at $1.15 billion after funding round in July 2024, due to its innovative approach to integrating customer feedback directly into product development.

August 2024

Groq

Groq, an AI chip startup founded in 2016 and led by CEO Jonathan Ross, develops high-performance processors for AI and machine learning applications and is valued at $2.8 billion. 👉 Announcement

EliseAI

EliseAI, an AI-powered property management platform founded in 2017 and led by CEO Minna Song , is valued at $1 billion after raising a $75 million Series D round, with total funding of $171.9 million. 👉 Announcement

Story protocol

Story Protocol has raised $80 million in Series B funding, achieving a $2.25 billion valuation, to tackle copyright theft by AI using blockchain technology. Led by Andreessen Horowitz, with participation from Polychain and others, the funding aims to support Story Protocol's blockchain-based system, which allows creators to register and track their intellectual property for secure, compensated use. Founded by Seung Yoon Lee and Jason Zhao, the company seeks to create a fair economic model for creators by ensuring their content can be legally shared and monetized. Projects like Magma and Sekai are already using the protocol to facilitate IP management and collaboration.

Codeium

Led by CEO Varun Mohan , became a unicorn in August 2024 after gaining a valuation of $1.25 billion through its innovative AI-powered code completion and search solutions for various programming languages.

Magic

Led by CEO Eric Steinberger, specializes in AI-powered tools for automating software development and code generation, achieving a valuation exceeding $1.5 billion in August 2024, due to its transformative impact on the software development landscape.

Kiteworks

Kiteworks, led by CEO Jonathon Yaron, became a unicorn achieving a valuation of $1 billion in August 2024 for its Palo Alto-based cloud platform that provides data security and privacy solutions.

September 2024

Safe superintelligence

Safe Superintelligence, an AI research company focused on advancing safe AI systems, is valued at $5 billion.

GLEAN

Glean utilizes AI to provide a unified search experience across all workplace apps, and is valued at $2 billion.

October 2024

November 2024

/dev/agents

/dev/agents, a new AI startup led by former executives from Google, Stripe, and Meta, has secured $56 million in seed funding to create an operating system for AI agents. The funding was led by Index Ventures and CapitalG, with participation from notable tech leaders like OpenAI's Andrej Karpathy. Co-founded by David Singleton, Hugo Barra, Ficus Kirkpatrick, and Nicholas Jitkoff, the company aims to develop AI agents that go beyond current chatbots by integrating tool-using and decision-making capabilities. The goal is to make AI agents as mainstream as Android made mobile development, overcoming existing barriers with new UI patterns and privacy models for autonomous, human-like interaction with technology.

Lighthouse

Founded in 2012 by Matthias Geeroms and Gino Engels, specializes in hotel room pricing software and is valued at over $1 billion after securing $370 million in November 2024, highlighting its significant impact on optimizing revenue management for the hospitality industry.

Physical intelligence

Founded in 2024 by Sergey Levine and Lachy Groom, develops software for robots and is valued at over $2 billion in November 2024, reflecting its innovative contributions to advancing robotic capabilities.

Sierra

Conversational customer service AI platform, led by Bret Taylor valued at $4.5 billion since November 2024 through its innovative AI solutions that reduce hallucinations and allow for customized brand alignment.

WRITER

Writer, an AI-powered enterprise platform founded in 2019 and led by CEO May Habib, is valued at $1.9 billion after raising $200 million in a Series C round, with total funding of $406 million.

December 2024

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