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Visualizing the Class of 2025’s Biggest Unicorns
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Billion-dollar startups were once rare, but they’ve become increasingly common as venture capital funding has surged and tech innovation accelerates across industries.
This graphic visualizes unicorns valued at $2 billion or more that became unicorns ($1 billion+ in valuation) in 2025. Data comes from PitchBook, as of May 1, 2025.
PitchBook defines unicorns as venture-backed companies valued at $1 billion or more after a funding round, until it goes public, gets acquired, or drops below that valuation.
What is the Biggest Unicorn Created in 2025?
Below, we show the largest unicorns created in 2025 with a valuation of $2 billion or more, their sector, their country of origin, and which month they became a unicorn.
| Yangtze Memory | Advanced Manufacturing | $22.1B | 🇨🇳 China | April 2025 |
| Abridge | HealthTech | $2.8B | 🇺🇲 United States | February 2025 |
| Peregrine | Artificial Intelligence & Machine Learning | $2.5B | 🇺🇲 United States | March 2025 |
| Function | HealthTech | $2.5B | 🇺🇲 United States | February 2025 |
| Anysphere | Artificial Intelligence & Machine Learning | $2.5B | 🇺🇲 United States | January 2025 |
| StackAdapt | SaaS (Software as a Service) | $2.5B | 🇨🇦 Canada | January 2025 |
| SE Environment | Environmental Services | $2.2B | 🇨🇳 China | March 2025 |
| Synthesia | Artificial Intelligence & Machine Learning | $2.1B | 🇬🇧 United Kingdom | January 2025 |
| The Bot Company | Robotics and Drones | $2B | 🇺🇲 United States | March 2025 |
| Supabase | SaaS (Software as a Service) | $2B | 🇺🇲 United States | March 2025 |
| Mercor | Artificial Intelligence & Machine Learning | $2B | 🇺🇲 United States | January 2025 |
| Olipop | Beverages | $2B | 🇺🇲 United States | March 2025 |
Yangtze Memory, a Chinese flash memory chip developer, is 2025’s biggest unicorn so far with a $22.1 billion valuation.
The company became a unicorn, by PitchBook’s definition, in April 2025 after it secured a $222 million investment from Quanhong Investment. Even if a company’s internal or market valuation exceeds $1 billion, PitchBook’s definition requires a qualifying funding event for official unicorn status.
Abridge, an American healthcare AI startup that summarizes clinician-patient conversations into documentation, is the second-most valuable unicorn in the class of 2025.
AI-driven companies dominate the list of the biggest unicorns of 2025—such as Synthesia (AI video generation), AnySphere (AI programming assistants), and The Bot Company (AI agents)—and have attracted significant investment in recent years.
There have been 43 new unicorns created in 2025, as of May. The largest share (65%) of new unicorns in 2025 are from North America, followed by Europe (23%).
Currently, the most valuable unicorns in the world are ByteDance, the creator of TikTok, and Elon Musk’s SpaceX.
Learn More on the Voronoi App 
To learn about unicorn companies, check out this graphic by Julie Peasley that visualizes the distribution of unicorn companies by value.
