Market value of new AI unicorns in the U.S. 2024
The artificial intelligence landscape in the United States continues to evolve rapidly, with numerous startups achieving unicorn status in 2024. Among these, xAI stands out with a market value of 50 billion U.S. dollars, followed by Perplexity AI at nine billion U.S. dollars and SandboxAQ at 5.6 billion U.S. dollars. This surge in AI unicorns reflects the growing investor confidence and market potential in the AI sector.
Growth of AI unicorns
The proliferation of AI unicorns has been remarkable in recent years. Throughout 2021 and early 2022, more than ten AI startups per quarter reached the billion-dollar valuation milestone. This trend continued into 2024, with 32 new AI unicorns emerging worldwide. The consistent growth in AI unicorns underscores the sector's dynamism and the increasing integration of AI technologies across various industries.
Notable valuations and funding rounds
While xAI's 50 billion U.S. dollar valuation is impressive, it is surpassed by other AI giants in the U.S. OpenAI claimed the top spot with a valuation of 157 billion U.S. dollars by the end of 2024, while Databricks secured a 62 billion U.S. dollar valuation. Databricks also made headlines in the fourth quarter of 2024 by raising 10 billion U.S. dollars in the largest equity deal for any AI unicorn globally. OpenAI followed with a significant 6.6 billion U.S. dollar equity investment, demonstrating the substantial capital flowing into leading AI companies.
