Unicorn Companies (2026)

Anthropic is an AI research company that develops the Claude family of large language models and sells access to them through consumer and business subscriptions and an application programming interface. It is the most valuable company on the CB Insights tracker, at US$965bn, a figure that matches the post-money valuation of its US$65bn Series H round announced on 28 May 2026. That round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with Capital Group, Coatue, D1 Capital Partners, GIC, ICONIQ and XN as co-leads; the company said its revenue run-rate had passed US$47bn in early May and that the money would fund compute capacity, safety and interpretability research and product expansion. CB Insights records Anthropic as joining the unicorn list on 3 February 2023 and names Google among its investors.

OpenAI develops the GPT series of models and the ChatGPT assistant, and sells API access and enterprise subscriptions. CB Insights values it at US$840bn, the figure set when it first announced its 2026 round in February at a US$730bn pre-money valuation. Verdict reported on 1 April 2026 that the round had closed with US$122bn of committed capital at a post-money valuation of US$852bn, co-led by SoftBank with Amazon, NVIDIA and Microsoft as strategic investors. According to the same report, OpenAI had more than 900 million weekly active users and more than 50 million paying subscribers in March 2026, monthly revenue of around US$2bn, and annual revenue of US$13.1bn in 2025. It joined the CB Insights list in July 2019.

ByteDance is the Beijing-based owner of the short-video apps TikTok and Douyin, the Toutiao news aggregator and the CapCut video editor, and it develops its own AI models. CB Insights values it at US$480bn, making it the most valuable unicorn outside the United States and the only Chinese company in the hectocorn tier (valuations above US$100bn). It has been on the list since April 2017, and CB Insights names Sequoia Capital China, SIG Asia Investments, Sina Weibo and SoftBank Group among its investors. ByteDance is classified by CB Insights under media and entertainment, one of only two companies in the top 25 in that category.

Databricks sells a cloud data platform that combines data warehousing, data engineering, analytics and the training and deployment of AI models; its products include the Lakehouse platform, Lakebase databases and the Genie analytics assistant. On 13 August 2026 it announced a US$5bn strategic round at a US$190bn valuation, led by Coatue, with Blackstone, MGX, T. Rowe Price-advised accounts and Sixth Street Growth participating. The company said it had passed a US$7bn revenue run-rate with growth of more than 80% year on year, served more than 20,000 organisations, and had more than 1,000 customers spending over US$1m a year. It is headquartered in San Francisco and joined the CB Insights list in February 2019.

Stripe provides payment processing, billing, fraud prevention and financial-infrastructure software used by online businesses, and in recent years has added stablecoin and crypto payments through its Bridge subsidiary. It has been a unicorn since January 2014, the longest tenure of any company in the top 25 except Fanatics. Its US$159bn valuation comes from a tender offer announced on 24 February 2026, in which Thrive Capital, Coatue, Andreessen Horowitz and Stripe itself bought shares from employees; the price was up about 74% from the US$91.5bn of its February 2025 tender. In a tender offer, investors buy existing shares from employees, so the transaction set a price for the company without raising new capital for it.

VAST Data sells what it calls an AI operating system: a data platform combining storage, databases and tools for building AI pipelines, sold to enterprises and AI cloud providers. CB Insights values it at US$80bn and records its entry to the unicorn list in April 2020, naming Norwest Venture Partners, Goldman Sachs and Dell Technologies Capital among its investors. The company's most recent announcement on its own press page, dated 13 October 2026, was a strategic investment by Hyundai Motor Company and Kia, for which no amount or valuation was disclosed. CB Insights lists VAST Data under New York in the enterprise-technology category, the most common category in the top 25.

Revolut is a London-based financial-services app offering current accounts, cards, currency exchange, trading and savings products in the UK, Europe and other markets. It completed a secondary share sale on 24 November 2025 valuing it at US$75bn, up from US$45bn in its previous employee sale; Coatue, Greenoaks, Dragoneer and Fidelity Management & Research led, with NVentures, Andreessen Horowitz, Franklin Templeton and T. Rowe Price also buying. Employees could sell up to 20% of their holdings. Tech.eu reported that Revolut had more than 65 million customers and 2024 revenue of £3.1bn, up 72%, with pre-tax profit of £1.1bn. It is the largest unicorn headquartered in Europe on the CB Insights list.

DeepSeek is a Hangzhou-based developer of large language models, known for releasing open-weight models. It is the newest company in the top ten: CB Insights records it joining the unicorn list on 16 June 2026 at a valuation of US$50bn, and names Alibaba Group, battery maker CATL and Guozhitou Private Equity Fund Management among its investors. Crunchbase News described the round as DeepSeek's first external financing and listed it among the largest new unicorns of the first half of 2026. Its entry contributed to the rise in Chinese new unicorns that Crunchbase reported, from 10 in all of 2025 to 38 in the first half of 2026.

Moonshot AI is a Beijing-based developer of large language models and of the Kimi chatbot. CB Insights values it at US$50bn, level with DeepSeek, and lists HongShan, Jinfu Investment and ZhenFund among its investors. It joined the unicorn list on 19 February 2024. CB Insights classifies Moonshot under consumer and retail rather than enterprise technology, reflecting its consumer chatbot business. Moonshot is one of 170 Chinese companies on the tracker, the second-largest national group after the United States. It is one of three Chinese companies in the top 25, all of which are either AI developers or consumer internet platforms.

Cognition develops Devin, an AI agent that writes and maintains software, and owns the Windsurf coding environment, which it agreed to acquire in July 2025 and has since folded into a desktop version of Devin. On 8 September 2026 it announced a Series E of more than US$2bn at a US$48bn valuation, after raising more than US$1bn at US$26bn in May 2026 and more than US$400m at a US$10.2bn post-money valuation in September 2025. Its valuation therefore rose almost fivefold in a year. CB Insights lists Founders Fund and Khosla Ventures among its investors and records its entry to the unicorn list in April 2024.

Ramp sells corporate cards and software for expense management, procurement, accounts payable and accounting automation, and has added tools for managing companies' spending on AI model usage. On 4 June 2026 it announced a US$750m Series F at a US$44bn valuation, led by ICONIQ, GIC and Ontario Teachers' Pension Plan. At that time it reported more than US$1bn of annualised revenue with positive free cash flow, about US$200bn of annualised purchase volume and more than 70,000 customers. Ramp is headquartered in New York and joined the CB Insights list in March 2021; CB Insights names D1 Capital Partners, Stripe and Coatue among its investors.

Project Prometheus, usually called Prometheus, is an AI company co-led by Jeff Bezos and Vik Bajaj, a co-founder of Alphabet's Verily, that builds AI models for physical tasks such as engineering design, manufacturing and drug design. It launched in November 2025 with US$6.2bn of seed funding and on 11 June 2026 raised a further US$12bn at a valuation of US$41bn, according to The Decoder. CB Insights records the same US$41bn valuation and lists ARCH Venture Partners, BlackRock and DST Global among its investors. Built In reported that the company was headquartered in San Francisco with offices in London and Zürich and had no public website.

Ripple is a San Francisco-based company that builds payment and custody products around the XRP Ledger and the XRP digital asset, and issues a US-dollar stablecoin. CB Insights values it at US$40bn and records its entry to the unicorn list in December 2019, naming IDG Capital, Venture51 and Lightspeed Venture Partners among its investors. Ripple is one of four financial-services companies in the top 25, along with Stripe, Revolut and OKX, and one of two whose business is built mainly on crypto assets. Its valuation equals about 0.5% of the roughly US$7.4 trillion combined value that CB Insights records for all unicorns.

Figure develops general-purpose humanoid robots intended for work in factories, warehouses and homes, together with the AI models that control them. CB Insights values it at US$39bn and names Intel Capital, Parkway VC and the Amazon Industrial Innovation Fund among its investors. It joined the list in February 2024 and is listed under San Jose, California, in the industrials category. Crunchbase News identified robotics as one of the two leading sectors for new unicorns in the first half of 2026. Figure is one of four companies in the top 25 that CB Insights classifies under industrials, with Crusoe, The Boring Company and Etched.

Canva is an Australian online design platform used to create presentations, social-media graphics, documents and video. CB Insights still lists Canva at US$32bn, the valuation of a share sale in October 2024, which places it 15th in this ranking. In August 2025 Fortune reported a later employee share sale, led by Fidelity Management and Research with J.P. Morgan Asset Management as a new investor, at US$42bn; at that time Canva reported US$3.3bn of annualised revenue, 27 million paid users and 240 million monthly active users. Under that later figure Canva would rank 12th. It was co-founded by Melanie Perkins and Cliff Obrecht and is listed by CB Insights under Surry Hills, Sydney.

Fanatics sells licensed sports apparel and merchandise online and through stadium stores for professional leagues and teams, and has expanded into trading cards and collectibles, sports betting and live commerce. It is the longest-standing unicorn in the top 25, having joined the CB Insights list in June 2012. CB Insights values it at US$31bn and names SoftBank Group, Andreessen Horowitz and Temasek Holdings among its investors; it is listed under Jacksonville, Florida, in the consumer and retail category. Only two companies still on the tracker, Veepee (2007) and Trendy Group International (February 2012), joined earlier.

Crusoe develops and operates data centres and a cloud computing service built for AI workloads, and sources power for some of its sites from stranded or low-carbon energy. CB Insights values it at US$30.9bn and records its entry to the unicorn list in April 2022, naming Bain Capital Ventures, Founders Fund and Winklevoss Capital among its investors. It is listed under Denver in the industrials category. Crusoe and the London-based Fluidstack, which ranks 28th, belong to AI infrastructure, one of the sectors Crunchbase News identified as producing notable new unicorns in 2026.which ranks 28th, belong to AI infrastructure, one of the sectors Crunchbase News identified as producing notable new unicorns in 2026. Fluidstack's investors include Google, according to CB Insights.

Safe Superintelligence (SSI) is an AI research laboratory co-founded by Ilya Sutskever, a former chief scientist of OpenAI, with the stated aim of building a safe superintelligent AI system as its sole focus. CB Insights values it at US$30bn, names Sequoia Capital, DST Global and Andreessen Horowitz among its investors, and records its entry to the unicorn list in September 2024. It is listed under Palo Alto. SSI is one of six AI model developers in the top 25, with Anthropic, OpenAI, DeepSeek, Moonshot AI and Mistral AI, which together account for about US$1.96 trillion of value on the tracker, more than a quarter of the total.

OKX operates a cryptocurrency exchange and a self-custody wallet. CB Insights records it joining the unicorn list on 5 March 2026 at a valuation of US$25bn and lists it under Mahé, Seychelles, with Morningstar Ventures among its investors. OKX and Ripple, the two crypto-focused companies in the top 25, together account for US$65bn of valuation. Crunchbase News listed OKX among the largest new unicorns of the first half of 2026. It is the only company in the top 25 that CB Insights lists outside the United States, China, Europe and Australia.

Mistral AI is a Paris-based developer of large language models, many released with open weights, and of the Le Chat assistant; it is also building its own data-centre capacity in France and Sweden. On 8 September 2026 it announced a €3bn Series D at a valuation above €21bn, led by Samsung Electronics, with the EQT-managed Scaleup Europe Fund and PSG Equity participating; Euronews described it as the largest equity fundraising by a European tech company. The valuation was nearly double the €11.7bn set in the 2025 Series C led by ASML. CB Insights records US$24.38bn, the dollar equivalent, making Mistral the most valuable unicorn in the European Union.

The Boring Company, founded by Elon Musk, builds tunnels with its own boring machines and operates underground transport systems in which passengers travel in electric cars, such as the Las Vegas Convention Center Loop. CB Insights values it at US$23bn and records its entry to the unicorn list in April 2022, naming VY Capital, 8VC and Craft Ventures among its investors. It is listed under Bastrop, Texas, in the industrials category. SpaceX in the industrials category, which has 226 companies and is the third-largest category on the tracker by count after enterprise technology and financial services. SpaceX, another company led by Musk, left the private unicorn lists when it went public in June 2026.

Epic Games develops the Fortnite video game and the Unreal Engine, a 3D creation tool used for games, film and virtual production, and runs the Epic Games Store. CB Insights values it at US$22.5bn and records its entry to the unicorn list in October 2018, naming Tencent Holdings, KKR and Smash Ventures among its investors. It is headquartered in Cary, North Carolina, and is one of two media and entertainment companies in the top 25, with ByteDance. Media and entertainment companies make up 78 of the companies on the tracker but about 10% of its combined value, mostly because of ByteDance.

Kalshi operates an exchange on which users trade contracts on the outcome of real-world events, such as elections, economic data releases and sports, and is regulated in the United States as a derivatives exchange. CB Insights values it at US$22bn, records its entry to the unicorn list in June 2025, and names Sequoia Capital among its investors. It is listed under New York in the enterprise-technology category. It reached the top 25 within about 17 months of joining the list.It reached the top 25 within about 17 months of joining the list, and is one of 123 companies that CB Insights records as joining in 2025.

Etched designs application-specific integrated circuits built only to run transformer-based AI models, an approach that trades the flexibility of graphics processors for higher efficiency on a single class of workload. CB Insights records it joining the unicorn list on 13 January 2026 and values it at US$21bn, naming Primary Venture Partners and Positive Sum among its investors. It is listed under San Jose, California. Etched is the only chip designer in the top 25; Crunchbase News identified semiconductors as one of the sectors producing new unicorns in 2026. It is one of about 180 companies that CB Insights records as joining the list in 2026, the largest annual intake since 2022.

Perplexity operates an AI search and answer engine that responds to queries with generated summaries citing web sources, offered free and through paid Pro and Enterprise subscriptions, and has added a web browser, Comet. CB Insights values it at US$20bn, records its entry to the unicorn list in April 2024, and names New Enterprise Associates, Institutional Venture Partners and NVentures, NVIDIA's venture arm, among its investors. It is listed under San Francisco. Perplexity shares 25th place by valuation with the live-shopping marketplace Whatnot, also at US$20bn; it is listed first because CB Insights lists it first.it is listed first because CB Insights lists it first. Perplexity is one of 13 enterprise-technology companies in the top 25.