Discover the New Unicorns and Exits Shaping the Market in October
Description
In October 2024, five companies joined the Unicorn Board, contributing over $7 billion and increasing the board's total value to more than $5.3 trillion with over 1,550 companies. Four new unicorns are based in the Bay Area, while one operates from London with services in Africa. Simultaneously, five companies exited the board with a combined valuation of $12.5 billion, resulting in a net growth for the board due to OpenAI's $6.6 billion funding round, raising its valuation from $80 billion to $157 billion. This year has recorded 32 exits, surpassing 2023's total of 25 exits. In China, three companies went public, with Horizon Robotics raising $696 million. In the U.S., two healthcare companies were acquired for $2.7 billion and merged with a connected care provider. New unicorns in October include: Poolside (AI) with $500 million raised; Pacific Fusion (energy) with $900 million; EvenUp (professional services) with $135 million; Moniepoint (fintech) with $110 million; and Nimble Robotics (robotics) with $106 million.
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