With AI igniting an investor frenzy, every month, more startups obtain unicorn status. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns in 2025. While most are AI-related, a surprising number are focused in other industries like satellite space companies Loft Orbital and blockchain-based trading site Kalshi. This list was updated throughout the year; we’ll be starting tracking the powerhouse startups that pass the <head> billion threshold in 2026, too. December Heven Aerotech —<head> billion: This startup, founded in 2019, is creating hydrogen-powered drones. It last raised a <head>00 million Series B, and has raised <head>15.2 million in total capital to date. Investors include IonQ, according to PitchBook. Unconventional AI — $4.5 billion: This startup, founded in 2025 by Databricks former head of AI, Naveen Rao, is working on an energy-efficient computer for AI. It last raised a $475 million seed round from investors including Andreessen Horowitz and Lightspeed, Rao told Bloomberg. Saviynt — $3 billion: This identity management cybersecurity startup, launched in 2010, last raised a $700 million Series B. It has raised $740 million in funding to date from investors, including KKR, according to PitchBook. Serval — <head> billion: This startup creates AI agents to help IT professionals complete tasks. Founded in 2024, the company last raised a $74.8 million Series B. It has raised around <head>26 million in funding to date from investors including Sequoia and Redpoint, according to PitchBook. Techcrunch event San Francisco | October 13-15, 2026 Chai Discovery — <head>.3 billion: This startup creates models that help predict the structure of biochemical molecular structures. Founded in 2024, the company last raised a <head>30 million Series B. It has raised close to $230 million in funding to date from investors including General Catalyst and Thrive Capital, according to PitchBook. MoEngage — <head>.1 billion: This customer analytics platform, founded in 2014, last raised a $280 million Series F. It has raised around $450 million in funding to date, from investors including A91 Partners and Goldman Sachs Asset Management, according to PitchBook. Radiant — <head>.8 billion: This nuclear renewable energy company looks to provide an alternative to diesel. Founded in 2019, this company last raised a $300 million Series D and has raised more than $500 million in funding to date from investors including Draper Associates and Andreessen Horowitz, according to PitchBook. Imprint — <head>.2 billion: This payment processing company, founded in 2020, last raised a <head>49 million Series D. It has raised more than $420 million in funding to date from investors including Khosla and Kleiner Perkins, according to PitchBook. HawkEye 360 — $2 billion: This defense-tech company, founded in 2015, last raised a <head>50 million Series E. It has raised almost $500 million in funding to date from investors including BlackRock and Insight Partners. Oishii — <head>.2 billion: This vertical farming company, launched in 2016, last raised a $450 million Series C. It has raised around $650 million in funding to date from investors including SPARZ Group Company and Resilience Reserve, according to PitchBook. Erebor — $4.3 billion: This crypto bank for crypto clients raised a $350 million seed round. Founded in 2025, this company’s investors include Lux Capital, according to PitchBook. November Main Func — <head>.25 billion: This company builds AI agents to automate white-collar worker tasks. It raised a $275 million Series B, giving it a <head>.25 billion valuation, according to Forbes. Backers include Emergence Capital Partners and LV Technology Ventures. The company was founded in 2023, according to PitchBook. Gamma — $2.1 billion: This company, which creates AI-generated visuals, such as websites, announced a $68 million Series B led by a16z, giving it a $2.1 billion valuation, TechCrunch previously reported. The company launched its first product in 2022. Curative — <head> billion: This health insurance provider startup last raised a <head>53 million Series B. Founded in 2020, it has raised more than <head>60 million in funding to date, with investors including DCVC. Harmonic — This mathematical reasoning engine, founded in 2023, last raised a <head>20 million Series C. It has raised more than $290 million in funding to date from investors including Sequoia Capital and Kleiner Perkins, according to PitchBook. Luma — $4 billion: This AI video generation company, founded in 2021, last raised a $900 million Series C. It has raised <head> billion in funding to date