Almost 90 new unicorns have been minted so far this year — here they are

The recent surge in unicorn births is largely attributed to the AI frenzy, with startups like Recursive, Corgi, and Blitzy securing massive funding rounds. Recursive, an AI research lab founded in 2025, raised $650 million in a Series A round led by GV and Greycroft, reaching a $4.65 billion valuation. Similarly, Corgi, an insurance coverage provider for startups, achieved a $2.6 billion valuation after raising $105 million in a Series B1 round from TCV. Blitzy, an AI coding tool for enterprise teams, secured $200 million from Northzone Ventures, reaching a $1.4 billion valuation. These funding rounds were led by prominent venture capital firms such as Andreessen Horowitz, Sequoia, and Kleiner Perkins.

The emergence of these new unicorns reflects the evolving competitive landscape in the tech industry, with AI and related technologies driving growth and investment. Companies like MiRus, a cardiovascular and orthopedic medical device company, and Advanced Manufacturing Company of America, a defense and aerospace parts developer, demonstrate that unicorn status is not limited to AI-related startups. MiRus reached a $4.41 billion valuation after raising $1.5 billion from Boston Scientific, while Advanced Manufacturing Company of America achieved a $1.1 billion valuation after securing $300 million in a Series B round led by Caffeinated Capital. This diversification of industries and technologies among the new unicorns highlights the breadth of innovation and investment in the tech sector.

As these new unicorns continue to grow and mature, they will likely face increasing scrutiny and pressure to deliver returns on investment. With many of these companies still in their early stages, there are risks associated with their growth and scalability. For instance, companies like Core Automation, which raised a $100 million seed round, and Avoca, which secured $125 million in a Series B round, will need to demonstrate their ability to execute and deliver on their promises. Investors will be closely watching these companies' progress, and any setbacks or failures could impact the overall sentiment and investment appetite in the tech sector.