In April 2024, eleven new companies achieved unicorn status, up from six in April 2023, but still far short from 40 in April 2022. These unicorns are primarily from the AI, Web3, and e-commerce sectors, with the majority based in the U.S., but also originating from Germany, France, Brazil, Cayman Islands, and Australia. Highlight was Xaira Therapeutics, which secured the highest funding round of $1 billion. Simultaneously, cybersecurity firm Rubrik and cash reward company Ibotta emerged from the unicorn board by going public on the New York Stock Exchange. Finally, valuation doesn't reflect companies' internal valuations, instead featuring figures before any investor writedowns.
Read in-depth analysis on this topic at: https://theweb3.news/news-bites/discover-how-ai-and-web3-are-creating-the-next-wave-of-billion-dollar-unicorns/
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