Six companies join The Crunchbase Unicorn Board in November 2024, with AI and developer operations leading the new unicorns. So far this year, 100 companies have joined the board, compared to 99 companies in 2023 overall.
Five of the new unicorns are based in the US and one is headquartered in London.
All six companies are enterprise-focused and collectively raised $1.8 billion in funding and added $10 billion in value to their boards.
One of the companies raised seed through Series C funding in less than a year.
4 companies withdraw
Last month, $20 billion worth of money was drained from the boardroom.
China-based self-driving company Pony.ai is listed on the Nasdaq with a valuation of $5.3 billion, below its previous private valuation of $8.5 billion.
Two India-based unicorn companies have gone public. They are food delivery company Swiggy (last valued at $10.7 billion in January 2022) and trucking logistics platform Blackbuck (valued at $1 billion in 2021).
Another unicorn has exited through an M&A deal. San Francisco-based API platform Rapid has been acquired by mobile phone provider Nokia. Rapid was previously valued at $1 billion in the first quarter of 2022.
Unicorn minted in November
Here we introduce all the newly minted unicorns in November by sector.
A.I.
DevOps
LogicMonitor, an IT observability platform based in Santa Barbara, California, has raised $800 million in private equity funding led by Golub Capital and PSG Equity. The 17-year-old company was valued at $2.4 billion. Vista Equity Partners acquired a majority stake in 2018. Eon, a backup software service that provides instant access to backup data, has raised $70 million in Series C funding led by Bond. Eon raised seed through Series C funding in less than a year. The year-old New York-based company was valued at $1.4 billion.
professional services
Lighthouse, a London-based intelligence platform for the travel industry, has raised $370 million in Series C funding led by PE firm Kohlberg Kravis Roberts. The 12-year-old company was valued at $1 billion.
cyber security
Related Crunchbase Unicorn List:
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The Crunchbase Unicorn Board is a curated list of privately held unicorn companies with post-money valuations of $1 billion or more, based on data from Crunchbase. As part of the funding round, new companies will be added to the Unicorn board once their valuation reaches $1 billion.
The Unicorn Board of Directors does not reflect internal corporate valuations (such as valuations established through the 409a process for employee stock options). This is different from a priced funding round as it is likely to be lower. Additionally, because different investors do not consistently value the same company within the same quarter, we do not adjust valuations based on investor writedowns that change from quarter to quarter.
Financing unicorn companies includes all private loans to companies tagged as unicorns.
The exits analyzed here include only the first exit of a firm.
Please note that all funding amounts are expressed in U.S. dollars unless otherwise stated. Crunchbase converts foreign currencies to U.S. dollars at the prevailing spot rate from the date the financing round, acquisition, IPO, or other financial event is reported. Foreign currency transactions are converted at historical spot prices, even if events are added to Crunchbase long after they are announced.
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