Despite a challenging year for startup funding, new billion-dollar companies are emerging regularly. These startups are reshaping industries, from health tech and AI to robotics and satellite systems. As we track funding rounds from top startup intelligence platforms, here are the 20 most exciting unicorns that have reached a $1 billion valuation by March 2025:

These rising stars are reshaping industries, from health tech and AI to robotics and satellite systems. And this list will only grow as more companies close major funding rounds in the months ahead.

What Is a Unicorn? 

A unicorn is a privately held startup valued at $1 billion. These startups are often seen as innovative industry disruptors and are usually funded by major venture capital firms.

Here’s a look at the unicorns added in the first three months of 2025:

March

Fleetio $1.5 billion

Based in Alabama, Fleetio builds software to simplify managing vehicle fleets. It was founded in 2012 and recently raised a $454 million Series D round, putting its value at $1.5 billion. The company has raised $624 million in total, with backing from Elephant Partners and Goldman Sachs Asset Management.

The Bot Company $2 billion

This robotics startup, founded in 2024, raised $150 million in an early-stage round, giving it a $2 billion valuation. It has raised $300 million so far.

Celestial AI $2.5 billion

An AI company based in California, Celestial AI, raised $250 million in a Series C led by Fidelity. It’s now worth $2.5 billion and has secured over $580 million in total from investors like BlackRock and “Engine Ventures.

Underdog Fantasy $1.3 billion

This sports gaming platform raised a $70 million Series C, reaching a $1.3 billion valuation. Founded in 2020, the company has raised more than $100 million so far and is backed by Spark Capital.

Build Ops $1 billion

Build Ops creates software for the construction and service industries. It raised $122.6 million in a Series C round, putting its value at $1 billion. Launched in 2018, it has raised $273 million, with support from “Founders Fund” and “Fika Ventures.”

Insilico Medicine $1 billion

This drug discovery company raised $110 million in a Series E round, reaching a $1 billion valuation. Started in 2014, it has collected over $500 million from investors like Lilly Ventures and Value Partners Group.

Olipop $2 billion

Olipop, known for its probiotic sodas, raised $137.9 million in a Series C round at a $1.96 billion valuation. Founded in 2018, it has secured $243 million so far, with backing from Scoop Ventures and J.P. Morgan Growth Equity Partners.

Peregrine $2.5 billion

This platform helps businesses manage operations. Founded in 2017, it raised $190 million in Series C funding, pushing its valuation to $2.5 billion. The company has raised more than $250 million to date, with investors including “Sequoia” and “Fifth Down Capital.”

Assured $1 billion

Assured uses AI to process insurance claims. The company, launched in 2019, raised $23 million in a Series B round at a $1 billion valuation. It has raised just over $26 million so far, with support from “ICONIQ Capital” and “Kleiner Perkins.”

February

Veza $1.7 billion

Veza is a data security company that raised $108 million in a Series D round, valuing it at $1.7 billion. Founded in 2020, it has raised more than $230 million with “JPMorgan Chase” among its investors.

Abridge $2.8 billion

Abridge works in medtech and was launched in 2018. It recently raised $250 million in Series D funding at a $2.75 billion valuation. The company has raised over $460 million with investors like Elad Gil and IVP.

OpenEvidence $1 billion

Another medtech startup, OpenEvidence was founded in 2017 and recently raised $75 million in a Series A round. Its current value is $1 billion. The company has raised $135 million so far and is backed by Sequoia Capital.

Hightouch $1.2 billion

Hightouch is a data platform founded in 2018. It raised $80 million in a Series C round at a $1.2 billion valuation. The company has secured $171 million in funding, with backing from Sapphire Ventures and Bain Capital Ventures.

January

Kikoff $1 billion

Kikoff is a personal finance startup that recently raised an undisclosed amount, bringing its value to $1 billion. Founded in 2019, it has raised $42.5 million with investors like Female Founders Fund, Lightspeed Venture Partners and NBA player Steph Curry.

Netradyne $1.35 billion

This computer vision startup was launched in 2015. It raised $90 million in a Series D round led by Point72 Ventures putting its value at $1.35 billion.

Hippocratic AI $1.6 billion

Founded in 2023, Hippocratic AI creates models for healthcare. It raised $141 million in a Series B round led by “Kleiner Perkins,” reaching a valuation of $1.64 billion.

Truveta $1 billion

Truveta focuses on genetic research. It raised $320 million, pushing its value to $1 billion. Founded in 2020, its investors include the venture arms of “Microsoft” and “Regeneron Pharmaceuticals.”

Clay $1.25 billion

Clay is an AI sales platform launched in 2017. It raised $40 million in a Series B round and is now valued at $1.25 billion. The company has secured more than $100 million from investors such as “Sequoia, First Round Boldstar and Box Group.

Mercor $2 billion

Mercor, a contract hiring platform, raised $100 million in a Series B round. This brought its valuation to $2 billion. Founded in 2022, it has backing from Felicis, Menlo Ventures, Jack Dorsey,Peter Thiel and Anthology Fund.

Loft Orbital $1 billion

This satellite company, launched in 2017, raised $170 million in a Series C round. It’s now valued at $1 billion, with investors including Temasek and Tikehau Capital.

Most Funded Startups So Far (Quick recap)

Of all the companies listed Celestial AI ($2.5B), Abridge ($2.8B), and Peregrine ($2.5B) are among the highest-valued unicorns in Q1 2025. These companies have raised the most capital and show strong investor confidence in the AI and medtech sectors.

Regional Growth Note

Startups across the U.S. and beyond are showing strong growth. Notably, Fleetio based in Alabama, highlights how innovation isn’t limited to Silicon Valley anymore more unicorns are emerging from previously underrepresented regions.

What’s Driving Investment?

Investors are currently drawn to startups with clear, scalable tech models especially those using AI to solve real-world problems, from claims processing to sales automation. Other popular areas include health diagnostics, remote operations, and consumer wellness products like “Olipop.”

Potential IPO Candidates

Some of these companies, like Insilico Medicine and Underdog Fantasy, may be strong candidates for IPOs in the next 12–18 months, based on their funding stages and public traction.