Nine New Unicorns Join The Crunchbase Unicorn Board in October 2023

In October 2023, nine companies joined The Crunchbase Unicorn Board, with the majority of existing unicorns raising additional funding through extension rounds with no increase in value. Two new unicorns focus on cybersecurity, while one is in generative AI and based in Beijing. Notably, zero companies joined from Silicon Valley. Defense tech company Shield AI raised funding at an increased value, going from $2.3 billion to $2.7 billion. The new unicorn companies are in sectors such as cybersecurity, transportation, aerospace, HR, fintech, cleantech, AI, and healthcare. Three of these companies were founded in the last five years: Headway, Electric Hydrogen, and Baichuan Intelligence.