40 Companies Hit Unicorn Status in July, Highest in 4+ Years

In July, 40 companies joined Crunchbase's Unicorn Board, reaching valuations exceeding $1 billion. This marked the highest monthly total in more than four years, with three companies—Crypto.com, Kling AI, and Ant International—reaching decacorn status (valuations over $10 billion). Together, these three added $49 billion in value over the month.

Crypto.com, a Singapore-based cryptocurrency trading platform, raised $400 million in corporate funding led by Citadel Securities and was valued at $20 billion. This represented the company's first institutional funding despite operating for 10 years. Kling AI, a 2-year-old Beijing-based text-to-video startup and subsidiary of Kuaishou, raised $2.8 billion from BlueFive Capital, Citic Securities, Tencent, and others, reaching an $18 billion valuation; the company has announced plans to spin out independently. Ant International, a Singapore-based affiliate of Ant Group spun out in 2024, raised $1.2 billion in a Series A led by Ant Group and Alibaba, achieving an $11.2 billion valuation.

Robotics emerged as a major category, with five new unicorns capturing different market segments. LimX Dynamics, a Guangdong-based humanoid robotics firm focused on entertainment, hospitality, and service rather than manufacturing, raised $200 million in pre-IPO funding at a $2.2 billion valuation, noting that half its orders come from outside China. Humanoid, a London-based manufacturer-focused humanoid robotics company, raised $152 million in Series A led by Prime Movers Lab and was valued at $1.4 billion; the 2-year-old company plans to roll out wheeled beta robots to customers in Q4 and has developed KinetIQ, a software brain for reasoning and executing complex tasks alongside humans. Walden Robotics, a full-stack physical AI company for manufacturing and logistics, emerged from stealth with a $300 million seed round led by Deviation Capital and Toyota, reaching a $1.1 billion valuation despite being less than 1 year old. Morphi Robot, focused on closed-loop learning for manufacturing with ultimate aspirations toward general-purpose home robots, raised $147 million in seed funding from Alibaba and Tencent at a $1 billion valuation. Xynova, a dexterous hand robotics company, raised $74 million in Series A from Meituan and was valued at $1 billion.

Financial services remained a significant sector. Ant International aside, Lumin Digital, a 9-year-old digital banking platform for banks and credit unions, raised $115 million in private equity funding from Light Street Capital and was valued at $1.6 billion. Ominimo, a Budapest-based auto insurance provider using AI, raised $23 million in Series B led by EBRD Venture Capital and was valued at $1.6 billion; the almost 2-year-old company reports $350 million in gross written premiums and is approaching 1 million customers across Hungary, Poland, the Netherlands, and Sweden, with plans to expand to the U.S. in 2027. Flex, an AI-native private bank for high-net-worth business owners, raised $70 million in Series B and was valued at $1.2 billion. Super.com, a membership and savings app, raised $65 million in Series D and was valued at $1.2 billion; the company surpassed $200 million in net revenue in 2025 and is growing 50% year-over-year while approaching 1 million members. Moneybox, a London-based digital wealth management platform, raised $60 million in a secondary transaction and was valued at $1.1 billion; the 11-year-old profitable company has helped 200,000 people buy their first home.

Energy and semiconductors also featured prominently. Proxima Fusion, a Munich-based nuclear fusion company, raised $470 million in Series B led by East X Ventures, Google, RWE, and XTX Ventures, reaching a $2.7 billion valuation. Antora Energy, providing thermal energy storage for data centers, raised $550 million in Series C and was valued at $2.5 billion. Xsight Labs, an Israel-based fabless semiconductor company, raised $300 million in Series E from Fidelity and was valued at $2.8 billion; according to Starlink's VP of engineering Michael Nicolls, the next generation of Starlink will route via the company's X2 chip. The broader cohort included AI infrastructure plays like Oxylabs (Lithuania, web scraping and agentic AI data, $3.6 billion), Multiverse Computing (Spain, AI compression technology, $2.3 billion), and Yotta Data Services (Mumbai, GPU compute hosting, $3.9 billion).

Geographically, the United States led with 19 companies, just under half. China ranked second with eight, the United Kingdom third with three, and Singapore contributed two. Lithuania, Germany, Spain, Hungary, Australia, India, Israel, and Hong Kong each contributed one. By age, 15 companies were less than 3 years old, suggesting rapid scaling in emerging categories, while seven were more than 10 years old. Year-to-date, 195 companies have joined the unicorn board in H1 2024, already exceeding 2025's full total, indicating accelerating venture capital deployment into AI, robotics, and infrastructure startups.