Funding Round · Crunchbase News
U.K.-based AI infrastructure firm Nscale, for instance, published from stealth a year ago as a spin-out of crypto mining firm
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Physical Intelligence, a developer of AI-enabled software to control robots, has also scaled up quickly since its inception in 2024.
Key facts
- Per Crunchbase data, at least 45 companies that became unicorns in the past 28 months are now valued at $5 billion or more
- Medical AI company OpenEvidence went from Series A to Series D in less than a year, with the Cambridge, Massachusetts-based company picking up over $700 million from early 2025 to early 2026
- And Polymarket, another New York-based company has scooped up close to $2.9 billion in the past two years
- Foundational AI startup Safe Superintelligence, meanwhile, has raised around $3 billion in less than two years since its founding
Summary
In every startup cycle, a few fortunate founders find themselves inundated with term sheets at rapidly growing valuations. This phenomenon has been on the rise over the past couple years, driven by voracious investor appetite for AI early movers. Of those, more than a third first secured 10-figure valuations at seed or early stage. While a $1 billion valuation is the threshold for claiming unicorn status, many newer entrants to the group are now worth much more than that. Per Crunchbase data, at least 45 companies that became unicorns in the past 28 months are now valued at $5 billion or more.