Seven companies joined The Crunchbase Unicorn Board in April, with a defense tech startup and two companies each in data, healthcare, and security making the cut. The AI wave was a significant driver for at least five of these new unicorns. Six of the seven new unicorns are software-focused, while the defense tech company operates in both hardware and software.
New Unicorns by Sector
The two healthcare startups that became unicorns are consumer-facing, while the rest are enterprise or government-focused. Six of the new unicorns are U.S.-based, with one headquartered in Toronto, Canada.
Data
- Supabase, an open-source relational database, raised a $200 million Series D led by Accel, valuing the company at $2 billion.
- Redpanda Data, a data platform for agentic AI, raised a $100 million Series D led by Google Ventures, reaching a $1 billion valuation.
Healthcare
- Chapter, a medicare platform for seniors, raised a $75 million Series D led by Stripes, valued at $1.5 billion.
- Nourish, a telehealth service for nutrition counseling, raised a $70 million Series B led by J.P. Morgan Growth Equity Partners, reaching a $1 billion valuation.
Security
- Tailscale, a network VPN service, raised a $160 million Series C led by Accel, valued at $1.5 billion.
- Cyberhaven, a security company preventing data loss, raised a $100 million Series D led by StepStone Group, reaching a $1 billion valuation.
Defense Tech
- Chaos, a defense tech company building detection and monitoring technology, raised a $275 million Series C led by New Enterprise Associates, valued at $2 billion.
Funding Trends
Beyond the new unicorns, 38 companies already on The Crunchbase Unicorn Board raised funding in April. Notable up rounds included AI lab Safe Superintelligence, which boosted its valuation by 540% to $32 billion in seven months, and security company Chainguard, which increased its valuation to $3.5 billion, a 213% increase in nine months.
However, several startups also raised down rounds, including fintech Plaid, valued at $6.1 billion (down 54% from its last valuation), and self-driving Nuro, which raised funding at a $6 billion valuation (a 30% decrease).
Unicorn Tally
The Crunchbase Unicorn Board now counts 1,585 companies that have raised $1 trillion in total funding and have a collective value of $5.9 trillion. A quarter of the unicorn companies have raised funding since the beginning of 2024.
