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Seven companies joined The ÍÃ×ÓÏÈÉú´«Ã½ ÍÃ×ÓÏÈÉú´«Ã½ in April — a defense tech startup and two each in data, healthcare and security.

For at least five of the companies, the AI wave was a significant driver for increased momentum. Of the seven new unicorns, six are in software, while the one defense tech company is in hardware and software. The two healthcare startups are consumer-facing, while the rest are enterprise or government focused.

Six of last month’s new unicorns are U.S.-based, while one is headquartered in Toronto, Canada.

Up and down rounds

Beyond the new unicorns, a further 38 companies already on the ÍÃ×ÓÏÈÉú´«Ã½ raised funding in April. That included notable up rounds as well as down rounds.

On the up round side, AI lab boosted its valuation by a staggering 540% in the space of just seven months to $32 billion — an all-time record for a valuation increase in that amount of time.

Security company also increased its valuation significantly — to $3.5 billion, a 213% increase in the space of nine months.

France-based accounting fintech and New York-based AI video startup both doubled their valuations in less than two years. And , founder ’s new residential real estate company, was valued at $2.5 billion, up 150% in less than three years thanks to a funding led by existing investor .

Several startups also raised significant down rounds. They include fintech , valued at $6.1 billion in its new funding — down 54% from its last valuation. Self-driving raised funding at a $6 billion valuation, a 30% haircut from its previous valuation.

Mexico-based online used car resale platform raised funding at a 75% discount and is now valued at $2.2 billion.  And Spain’s , which provides online staffing for gig-based work, raised new funding at a $1.5 billion valuation, a 38% discount.

For all the unicorns that raised down rounds last month, their previous known valuations were from the 2021 peak market.

Unicorn tally

The unicorn board now counts 1,585 companies that have raised $1 trillion in total funding and have $5.9 trillion in collective value. A quarter of the unicorn companies on the board have raised funding since the beginning of 2024.

April’s minted unicorns

Here are the seven newly minted April unicorns, by sector.

Data platform

• , an open-source relational database, raised a $200 million Series D led by . The 5-year-old San Francisco-based company with 2 million developers was valued at $2 billion.
• , a data platform to connect, secure and audit data streams for agentic AI, raised a $100 million Series D led by . The 6-year-old San Francisco-based company was valued at $1 billion.

Healthcare

• , a medicare platform for seniors navigating health coverage, raised a $75 million Series D led by . The 5-year-old New York-based company was valued at $1.5 billion.
• , a telehealth service for nutrition counseling for those with chronic disease, raised a $70 million Series B led by . The 4-year-old, New York-based company was valued at $1 billion.

Privacy and security

• , a network VPN service to connect devices in a secure manner for companies, raised a $160 million Series C led by Accel, which also led its Series A. The 6-year-old Toronto, Ontario-based company was valued at $1.5 billion and is seeing expanded needs for connecting workloads with AI.
• , a security company preventing data loss, raised a $100 million Series D led by . The 10-year-old Palo Alto, California-based company was valued at $1 billion.

Defense tech

• , a defense tech company that builds detection and monitoring technology for unmanned aerial systems, missiles and aircraft, raised a $275 million Series C led by . The 3-year-old Los Angeles-based company was valued at $2 billion.

Related ÍÃ×ÓÏÈÉú´«Ã½ unicorn lists:

• (1,584)
• (44)
• (110)
• (102)
• (789)
• (494)
• (206)
• (37)
• (444)
• (508)

Related reading:

• The Week’s Biggest Funding Rounds: Safe Superintelligence’s $2B Raise Leads The Way
• Chainguard Secures $356M Series D At $3.5B
• AI Image Startup Runway Raises At $3B
• Autonomous Driving Startup Nuro Raises $106M At $6B Valuation
• Global Venture Funding And Unicorn Creation In 2021 Shattered All Records
• The Week’s Biggest Funding Rounds: Chainguard And Supabase Top Big Week

Methodology

The ÍÃ×ÓÏÈÉú´«Ã½ ÍÃ×ÓÏÈÉú´«Ã½ is a curated list that includes private unicorn companies with post-money valuations of $1 billion or more and is based on ÍÃ×ÓÏÈÉú´«Ã½ data. New companies are as they reach the $1 billion valuation mark as part of a funding round.

The unicorn board does not reflect internal company valuations — such as those set via a 409a process for employee stock options — as these differ from, and are more likely to be lower than, a priced funding round. We also do not adjust valuations based on investor writedowns, which change quarterly, as different investors will not value the same company consistently within the same quarter.

Funding to unicorn companies includes all private financings to companies that are tagged as unicorns, as well as those that have since graduated to .

Exits analyzed here only include the first time a company exits.

Please note that all funding values are given in U.S. dollars unless otherwise noted. ÍÃ×ÓÏÈÉú´«Ã½ converts foreign currencies to U.S. dollars at the prevailing spot rate from the date funding rounds, acquisitions, IPOs and other financial events are reported. Even if those events were added to ÍÃ×ÓÏÈÉú´«Ã½ long after the event was announced, foreign currency transactions are converted at the historic spot price.

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