The 10 Unicorns In Silicon Valley In 2024
Silicon Valley's Unusual Unicorn Startup Scene
Silicon Valley is known for producing several unicorn startups due to its creative culture and technology innovations. These businesses, which are each worth more than $1 billion, have had a big impact on a lot of different industries. Ten of Silicon Valley's most well-known unicorns are shown here.
1. TripActions
TripActions is a travel management application that simplifies company travel and spending. It was founded in 2015 by Ariel Cohen and Ilan Twig. The Palo Alto-based business, valued at $9.2 billion, has garnered $1.04 billion in 13 investment rounds from 21 investors. It has about 1,000–5,000 employees.
2. Nuro
Nuro is a Mountain View, California-based company that creates driverless trucks for the transportation of commodities. Dave Ferguson and Jiajun Zhu founded it in 2016, and it is valued at $8.6 billion. With $2.13 billion in capital from twelve investors, Nuro employs between one thousand and five thousand people.
3. Lacework
San Jose-based Lacework was established in 2015 with a focus on cloud security and compliance. The business has secured $1.91 billion from 19 investors, valued at $8.3 billion. It employs 500–1,000 individuals and works to defend infrastructures against attacks and weaknesses.
4. The Netskope
Santa Clara-based Netskope was established in 2012 and offers cloud security solutions. With a $7.5 billion market valuation, the company has raised $1.04 billion from 17 investors. It assists companies in stopping threats and preventing data leaks, and it employs 1,000–5,000 people.
5. Gong
Palo Alto-based Gong.io was established in 2015 and provides a business analytics platform. Gong, with an estimated worth of $7.25 billion, has raised $583 million from 13 investors. It uses AI and machine learning to drive business insights, and it has 500–1,000 employees.
6. Automation Anywhere
Automation Anywhere, a San Jose-based company founded in 2003, is an expert in robotic process automation (RPA). With a $6.8 billion market valuation, the company has raised $840 million in 14 fundraising rounds. It helps organizations optimize procedures and has 1,000–5,000 employees.
7. Workato
Based in Mountain View, Workato is an enterprise automation platform that was established in 2013. It has secured $415 million from 12 investors, bringing its valuation to $5.7 billion. The 500–1,000-person corporation specializes in business process automation and workflows.
8. ThoughtSpot
The business intelligence platform ThoughtSpot was established in San Jose in 2012. The business has raised $673.7 million from 28 investors, valued at $4.2 billion. With 500–1,000 employees, it enables all users to make data-driven decisions.
9. Houzz
Houzz is an online platform for home design and remodelling that was created in 2008 and is headquartered in Palo Alto. It has received $1.1 billion from 22 investors, bringing its valuation to $4 billion. The business, which employs 1,000–5,000 individuals, acts as a gathering place for people who love house renovation.
10. Impossible Foods
Impossible Foods is a Redwood City-based company that was founded in 2011 that makes plant-based meat substitutes. The $4 billion corporation has raised more than $2 billion from 57 investors. With 500–1,000 employees, it is transforming the food business with its cutting-edge products.
These unicorns serve as a testament to Silicon Valley's unmatched ability to support ground-breaking firms and propel technical innovation in a wide range of industries.