Xcout IntelThe world’s unicorns
Private companies whose latest funding-round valuation is $1 billion or more. Listed companies, companies that were acquired, funds and investment vehicles are left out. Filter the list by region, country, industry, segment and the stage of the round that set the valuation.
The list
Ranked by latest valuation. Free readers see each valuation as a range and the year it was set, for the top of every list; signed-in readers see the exact figure, its date and source, and the whole list. “Hiring” compares new job postings in the last four complete weeks with the four before.
471 unicorns · 348 in the free view (the top of each list); sign in for all 471, with exact valuations
| # | Company | Segment | Last round | Valuation | Valued | Hiring |
|---|---|---|---|---|---|---|
| 1 |  Anthropic United States | Foundation Models & LLM Providers | Series E+ | $10B+ | 2026 | ▲ |
| 2 |  OpenAIUnited States | Conversational AI & Chatbots | Not stated | $10B+ | 2026 | ▲ |
| 3 |  DatabricksUnited States | — | Growth | $10B+ | 2026 | ▲ |
| 4 |  DeepSeek China | Foundation Models & LLM Providers | Series B | $10B+ | 2026 | · |
| 5 |  SwitchUnited States | Data Centres & Colocation | Growth | $10B+ | 2026 | · |
| 6 |  CognitionUnited States | AI Agents & Automation | Series E+ | $10B+ | 2026 | ▬ |
| 7 |  Project PrometheusUnited States | Private Market & Startup Data | Series B | $10B+ | 2026 | ▲ |
| 8 |  RippleUnited States | Cross-border & FX | Strategic | $10B+ | 2025 | ▲ |
| 9 |  KalshiUnited States | Capital Markets & Trading | Not stated | $10B+ | 2026 | ▬ |
| 10 |  GoBrands, Inc.United StatesValuation from 2021 | — | Not stated | $10B+ | 2021 | · |
| 11 |  Juul LabsUnited StatesValuation from 2023 | — | Not stated | $10B+ | 2023 | ▬ |
| 12 |  Moonshot AIChinaNew | Conversational AI & Chatbots | Series E+ | $10B+ | 2026 | ▼ |
| 13 | Safe SuperintelligenceUnited States | AI Research Labs | Not stated | $10B+ | 2026 | · |
| 14 |  FanaticsUnited StatesValuation from 2022 | Apparel & Footwear | Not stated | $10B+ | 2022 | ▲ |
| 15 |  CrusoeUnited States | Public Cloud | Series E+ | $10B+ | 2026 | ▲ |
| 16 |  VAST DataUnited States | Databases & Data Stores | Series E+ | $10B+ | 2026 | · |
| 17 |  Mistral France | AI Agents & Automation | Series D | $10B+ | 2026 | · |
| 18 |  The Boring CompanyUnited States | — | Not stated | $10B+ | 2026 | · |
| 19 |  EtchedUnited States | AI Hardware & Chips | Series D | $10B+ | 2026 | ▲ |
| 20 | MercorUnited States | AI Agents & Automation | Not stated | $10B+ | 2026 | ▼ |
| 21 |  Crypto.com Singapore | Crypto & Digital Assets | Not stated | $10B+ | 2026 | ▼ |
| 22 |  PolymarketUnited States | Capital Markets & Trading | Not stated | $10B+ | 2026 | ▼ |
| 23 |  PaywardUnited States | — | Not stated | $10B+ | 2025 | · |
| 24 |  Helsing Germany | AI Agents & Automation | Series E+ | $10B+ | 2026 | ▼ |
| 25 |  KlingChina | Generative Content | Not stated | $10B+ | 2026 | · |
New unicorns
First valued at $1 billion or more in a round announced in the last 90 days, after smaller rounds we hold for the same company. A company whose earlier valuations never reached our records cannot be told apart from a new one, so it is left out of this list rather than guessed into it.
- Moonshot AIChina · $10B+ · Series E+
Applied ComputeUnited States · $2–5B · Not stated
Gimlet LabsUnited States · $2–5B · Series B
CuspAI
United Kingdom · $2–5B · Series B
NerosUnited States · $2–5B · Not stated
ArmadinCountry not known · $2–5B · Series B
EnvedaUnited States · $2–5B · Series E+
WisprCountry not known · $2–5B · Series A
ProfoundUnited States · $1–2B · Not stated- Hubble NetworkUnited States · $1–2B · Series C
CodeRabbitSingapore · $1–2B · Series C
SiMa.aiUnited States · $1–2B · Series C
Mahindra Last Mile Mobility
India · $1–2B · Not stated
HeidiUnited Kingdom · $1–2B · Series C
GranolaUnited Kingdom · $1–2B · Not stated
Arcee AIUnited States · $1–2B · Series B
Thatch HealthUnited States · $1–2B · Series C
Lost unicorn status
A company valued at $1 billion or more before whose latest round, announced in the last twelve months, values it below $1 billion: a down round. Companies that were acquired or went public are not here; they are under exits.
No company in our records fell below $1 billion in a round announced in the last twelve months.
Exits in the last 90 days
Unicorns that were acquired or listed on a stock exchange. They leave the list; that is not a loss of status.
Australia · Listed Oct 2026 · last valued $10B+
Where they are
Unicorns by the region of their headquarters, across the whole list. Click a bar for the companies in it.
What they do
The ten industries with the most unicorns. A company can sit in more than one industry, so the bars add up to more than 471; 145 are not yet classified. Artificial intelligence leads with 102.
The round that set the valuation
The stage of each company’s latest valued round. “Not stated” is a round reported without a series letter, common for very large rounds.
How recent the valuations are
The year of each unicorn’s latest valuation. 182 unicorns (39%) were last valued more than 24 months ago; the list marks them “Valuation from” that year, because a quiet company may no longer be worth what it was.
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Follow every unicorn, not just the top of the list
- The full list with exact valuations, their dates and sources
- Each company’s valuation history and every round with its investors, on its profile
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Past editions
Every edition is frozen at its own address, so a number you quote never changes under the link.
How the list is built
What counts as a unicorn
- A private company whose latest valuation from a priced funding round is $1 billion or more. Stock-market capitalisations never count.
- Left out: listed companies (from their listing date), acquired companies (from the deal), bankrupt or closed companies, funds, investment vehicles and companies owned by a private-equity firm.
- A valuation counts only when the round is between 1% and 70% of it, or when a second source within 15% agrees. Valuations from company-profile directories are not used. A figure under half a company’s earlier valuation needs a second source before it replaces it.
Movers
- New: first valued at $1B+ in a round of the last 90 days, after smaller rounds we hold.
- Lost status: a down round below $1B announced in the last twelve months. Exits are listed apart.
- Hiring: new postings, last four complete weeks against the four before; a 20% change of at least five postings is “rising” or “falling”. A posting counts only if we saw it while it was new.
Checked by hand
The top of the list and every company the rules left out were read by hand on 17 October 2026. 67 companies were corrected: namesakes carrying another company’s round, duplicates, listed and bankrupt companies the records still called private, and three valuations misread at the source (OpenAI’s round size stored as its valuation; a valuation in yuan stored as dollars). Our records are not complete: a unicorn whose valuation we never stored is not on the list.
Source
Xcout Intel company and funding records: company announcements, press and news. Edition of 17 October 2026, refreshed every Monday.
Quoting these figures
Free to quote, chart and report on, with attribution: Source: Xcout Intel Unicorns report (intel.xcout.app/insights/unicorns). Reproducing a chart or table needs a link back to this page. Full terms are on the attribution page.
Writing about this? We will confirm a figure before you publish and can send the cut behind any number here, by company, country or sector: hello@intel.xcout.app.