At least 36 new tech unicorns were minted in 2025 so far

In 2025, at least 36 new tech startups have achieved unicorn status, each valued at over $1 billion, driven largely by the surge in AI-related investments. However, the wave of new unicorns also spans diverse sectors including satellite technology and blockchain-based trading platforms. Notable examples include Loft Orbital in the satellite space industry and Kalshi, a blockchain-based trading site valued at $2 billion. The data, compiled from Crunchbase and PitchBook and tracked by TechCrunch, highlights a dynamic startup ecosystem with significant venture capital backing from prominent investors such as Sequoia Capital, Andreessen Horowitz (a16z), and General Catalyst. Among the highlighted startups, Thinking Machines stands out with a remarkable $10 billion valuation following a $2 billion seed round, founded by OpenAI alumna Mira Murati. Other significant unicorns include Function ($2.5 billion valuation), Kalshi ($2 billion), and several companies valued between $1 billion and $1.6 billion,