Unicorn companies are privately owned startup companies which have crossed the valuation mark over one billion dollars. These companies take funding from the government as well as investors in order to expand their businesses. since they are not made public, they are not listed on any Stock Exchange.
In this blog, we shall discuss top 10 American Unicorn in 2024. They are listed below:
- SpaceX: It is an American spacecraft manufacturer, launch service provider and satellite communications company which is headquartered at SpaceX Star Based near Brownsville, Texas. This company was founded in 2002 by Elon Musk with an objective of reducing space transportation cost by designing for reusability and developing a sustainable colony on Mars. It has a market capitalization of over 125 billion dollars which is the biggest American Unicorn ever.
- OpenAI: It is an American artificial intelligence research organization which was founded in December 2015 and is headquartered in San Francisco, California.? The CEO of this company Sam Altman is one of the influential people in the field of AI development. The company is among the most well funded machine learning startups globally and have secured more than 12 billion US dollars in terms of investment as of the 2023. Microsoft and Amazon have invested in the company contributing about one billion dollars in 2019. As per reports, this company remains the most heavily funded AI startup company which have earned a funding of 13 billion dollars. It has a market cap of 80-90 billion dollars.
- Stripe: It is an Irish American multinational financial services and software as a service company. It is dually headquartered in South San Francisco, California in United States and Dublin in Ireland. It offers services such as payment, billing, connect, Sigma, Atlas and radar. This company has owned a revenue of 14.4 billion dollars as of 2022. This company has a valuation of about 65 billion dollars and around one trillion dollars in payment volume has been processed in 2023. It primarily focuses on payment processing software and application programming interfaces for ecommerce websites and mobile applications. It is one of the biggest unicorns of America which generates around 14 billion dollars annually. It has a market cap of around 50 billion dollars.
- DataBricks: It is a global data analytics and artificial intelligence company which was founded in 2013. It provides a cloud based platform to help in the building and scaling of enterprises and govern data and AI. The company headquarter lies in San Francisco, California. The company has earned a revenue of around 1.6 billion dollars in 2023. This company develops and sells cloud data platform using the term ‘lakehouse’. Lakehouse is based on open source Apache Spark framework. It has a market cap of around 43 billion dollars.
- Anthropic: It is a US based artificial intelligence startup company which was founded in 2021. It is headquartered in San Francisco, California. It was founded by 7 former employees of open AI. It develops and researches AI to study their safety properties at the technological frontier and use research to deploy safe and reliable models for public. Amazon, Google, Menlo ventures, wisdom ventures, ripple impact investments and pictorial funds have invested in this company. The goal of this company is to research the safety and reliability of artificial intelligence system. It has a market cap of around 20-30 billion dollars.
- EpicGames: It is a company based in North Carolina which specialises in video gaming and software development. This company is known for its computer graphics game engine. It was launched in December 2018 for Microsoft Windows and Mac OS. This company introduced cabinet accounts for children who have access to free games on the store including Fortnite, Fall Guys and Rocket League. This company has a market cap of 31.5 billion dollars.
- Fanatics: It is a private company which consist several businesses including textile, ecommerce, training cards and collectibles, sports betting, e-gaming and live commerce. It was founded in 2011 in Florida as an American online retailer of sportswear operating the businesses of major professional and sports league. This company distributes trading cards to several sports properties including MLB, MLBPA, NBA, NFLPA and NBPA. It has a market cap of 27 billion dollars.?
- Chime: It is a private company which partners with regional banks in order to provide free mobile banking services. This company offers early access to negative account balance without overdraft fees, high yield saving account, early access to pay cheques, peer to peer payments and interest free secured credit card. It owns major part of revenue from collection of interchange fees on debit card transactions. It is headquartered In California and was founded in 2012. This company has a market cap of 25 billion dollars.
- Miro: It is a private digital collaboration platform which is specially designed to facilitate remote and distributed team communication and project management. It was founded in 2011 and is now headquartered in San Francisco and Amsterdam. In January 2022, this company has become 8th most valuable us startup company by raising 400 million dollars at a valuation of 17.5 billion dollars. It has a market cap of 17.5 billion dollars.
- Doscord: It is an instant messaging social platforms which allow communication through voice call, video call, text message and media.? Communication may be private or take place in virtual communities also called servers. These servers are the collection of persistent chat rooms and voice channels which can be accessed through invite links. As per the latest data, it has about 150 million monthly active users and 19,000,000 weekly active users. It is primarily used by gamers. It has become 30th most visited website in the world in which 22.98% of its traffic is coming from the United States.? It has a market cap of 15 billion dollars.
