A total of 29 companies joined The Crunchbase Unicorn Board in August, adding around $63 billion in value to the board. More than a third of the companies to join last month were under 3 years old, underscoring how quickly some of today's best-funded startups are reaching multibillion-dollar valuations. The highest-valued new entrants were China-based humanoid robotics business XPeng Robotics, valued at more than $6.3 billion; San Jose, California-based photonics company Lumilens, valued at $5.5 billion; and Palo Alto, California-based AI model platform River AI, and San Francisco's semiconductor manufacturing startup Source Foundry, both valued at $5 billion. The U.S. accounted for 16 of August's new unicorns. China followed with four. South Korea, India, Singapore, the United Arab Emirates, Switzerland, Germany and Turkey each added one. Nigeria and Indonesia also each added one new unicorn ' for both, their first new unicorn of the year. Nine companies exited the Unicorn Board in...
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