Ten of those companies were AI labs, collectively valued at $65 billion. The most well-known was Beijing-based open source model developer DeepSeek ' at $50 billion, the highest valued new unicorn to join the Unicorn Board this year. The new unicorn frontier labs are focused on new architectures in AI model development in robotics, physics and self-learning, as well as on open source development, and in the case of one India-based startup, sovereign AI. Of the new unicorns, 16 are U.S-based, while eight are from China. Two new unicorns joined the board from India, Germany and the United Kingdom and one each from Netherlands, Belgium, Canada and Saudi Arabia. Other notable exits from the board last month were Anysphere, the maker of AI coding tool Cursor, which was acquired by SpaceX for $60 billion after last being valued at $29.3 billion. Modular, an AI infrastructure company that operates as a layer on top of GPUs, was acquired by Qualcomm, and customer experience agent Fin was...
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