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Eight companies joined The Crunchbase Unicorn Board in August, with six based in the U.S., and two hailing from China and India, respectively.

Among them was  smart car subsidiary , valued at $16 billion. That dollar amount represents  the second-largest value for a newly minted unicorn this year — trailing only  , which was valued at $24 billion in May when it joined the board.

The eight new unicorns in August added $25 billion in value to the board. To date in 2024 $152 billion in value was added by 79 new unicorns.

In 2023, 99 companies joined the board, collectively valued at $176 billion as of the most recent valuations. The most highly valued new unicorn from 2023 is currently valued at $19 billion.

Here are the new unicorns in August by sector.

Transportation

• Yinwang Smart Technology, a Huawei subsidiary based in Shenzhen, raised $1.6 billion each from electric vehicle brands and . The less than 1-year-old company was valued at $16 billion.
• Bangalore-based electric two-wheel vehicle manufacturer raised $71 million at a $1.3 billion valuation led by government-backed . It competes with , another India-based unicorn which went public in August.

Web3

• , a blockchain technology to protect intellectual property rights for content creators, raised an $80 million Series B led by . The 2-year-old Bellevue, Washington-based company was valued at $2.25 billion.

AI

• Mountain View, California-based AI coding platform raised a $150 million Series C led by . The 3-year-old company was valued at $1.25 billion.

Privacy and security

• San Mateo, California-based , a secure content company, raised a $456 million funding led by and . Previously known as Accellion, the 24-year-old company was valued at more than $1 billion.

Agtech

• Los Angeles-based , a global berry producer using genetics and AI, raised $100 million in funding from private equity firm . The 11-year-old company was valued at $1 billion.

Sales and marketing

• , which develops AI for customer support and other uses, raised a $101 million series A led by , 1Ìý²¹²Ô»å . The 3-year-old Palo Alto, California-based company was valued at $1.2 billion.

Real Estate

• , an AI-powered property management communication platform, raised a $75 million Series D led by . The 7-year-old New York-based company was valued at just over $1 billion.

And one we missed

• ’s stealth startup , founded in April this year, raised $100 million from in July at a within months of its founding. The company plans to . It raised an earlier round from Andreessen Horowitz and .

Related Crunchbase unicorn queries

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Methodology

The Crunchbase Unicorn Board is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on Crunchbase data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to Crunchbase long after the event was announced, foreign currency transactions are converted at the historic spot price.

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