Since 2024, 207 AI-focused companies joined the unicorn board at $1B+ valuations. This represents roughly half of all companies that first hit billion-dollar valuations during this period.
The 50% AI share of new unicorns sets a new baseline for what Series B and C rounds look like. Non-AI startups now compete for the remaining half of late-stage capital.
Finance and strategy teams should benchmark your Series A metrics against this cohort. Model your Series B timeline assuming 24-month unicorn cycles are now standard for AI-native products.