Markets
Seven of August's 29 New Unicorns Are AI Software, Worth $18.95B on $2.16B Raised, and Three Are Under a Year Old
Crunchbase published its August unicorn tally on September 10: 29 companies joined, adding about $63B in value, with more than a third under three years old. The AI software slice is seven companies worth roughly $18.95B on about $2.16B of funding, led by River AI at a $5B valuation off a $1.1B Series A while less than a year old, followed by Instinct ($2.5B, one year), Pragmatik Labs ($2B on a $220M seed), Wispr Flow ($2B), CodeRabbit ($1.5B) and HappyRobot ($1.2B). The compression is the signal: two of the seven crossed $1B before their first birthday.
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