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Power Law outcome universe

The companies that prove the power law

From the funded-startup funnel down to the unicorns, decacorns and gigacorns that anchor the global outcome universe. Filter by sector, region, revenue milestone or valuation tier — and open selected company profiles.

Dealroom tracks 3,587 unicorns ($1–10B), 347 decacorns ($10–100B), 29 centicorns ($100B+) and 7 gigacorns ($1T+) — plus 2,883 thoroughbreds with $100M+ annual revenue. 165 companies became unicorns since April 2026.

Browse: unicorns by country & sector · new unicorns by month

New unicorns & thoroughbreds
Horizon 3 AI$400M · Aug 2026DEEP X$369M · Aug 2026Mariana Minerals$340M · Aug 2026Z.ai | Zhipu AI$1B rev · 2026HKC$23.5B · Jul 2026Crypto.com$20B · Jul 2026Atoms$6.8B · Jul 2026MiniMax AI$300M rev · 2026Oxylabs$3.6B · Jul 2026Xsight Labs$2.8B · Jul 2026Proxima Fusion$2.6B · Jul 2026Genspark$200M rev · 2026Antora Energy$2.5B · Jul 2026LimX Dynamics$2.2B · Jul 2026Forte Biosciences$2.2B · Jul 2026Koho$183M rev · 2026Standard Nuclear$2.2B · Jul 2026Ligachem Bio$2B · Jul 2026Simile$2B · Jul 2026Proton$183M rev · 2026Cover Genius$1.9B · Jul 2026Sharon AI$1.8B · Jul 2026Vi$1.6B · Jul 2026InSilico Medicine$179M rev · 2026Ominimo$1.5B · Jul 2026Oratomic$1.5B · Jul 2026Emergent Labs$1.5B · Jul 2026Coralogix$175M rev · 2026Meshy$1.5B · Jul 2026Cathedral$1.4B · Jul 2026Astrodyne TDI$1.4B · Jul 2026Waterdrop$165M rev · 2026Humanoid$1.4B · Jul 2026Ambiq$1.3B · Jul 2026Rokae$1.3B · Jul 2026Eightfold$150M rev · 2026Glow$1.2B · Jul 2026Norm AI$1.2B · Jul 2026Flex$1.2B · Jul 2026ARS Pharmaceuticals$140M rev · 2026Alebund Pharmaceuticals$1.2B · Jul 2026Genius AI$1.1B · Jul 2026Walden Robotics$1.1B · Jul 2026SiFive$135M rev · 2026Myricx Bio$1.1B · Jul 2026Moneybox$1.1B · Jul 2026Moqi Intelligent Technology$1B · Jul 2026Amprius$132M rev · 2026Augustus$1B · Jul 2026Kraken Technology$1B · Jul 2026Even Realities$1B · Jul 2026LatchBio$130M rev · 2026Venice.ai$1B · Jul 2026Oasis Security$1B · Jul 2026Eliyan$1B · Jul 2026Satispay$128M rev · 2026Fora$1B · Jul 2026Spectro Cloud$1B · Jul 2026Multiverse Computing$501M · Jul 2026Thyme Care$125M rev · 2026Lingyi iTECH$14.2B · Jun 2026Neura Robotics$7B · Jun 2026EigenQ$3B · Jun 2026Amperity$125M rev · 2026X Square$2.8B · Jun 2026CuspAI$2.6B · Jun 2026Flourish$2.5B · Jun 2026Etched$120M rev · 2026Ionic Digital$2.4B · Jun 2026PhysicsX$2.4B · Jun 2026General Intuition$2.3B · Jun 2026Zip$120M rev · 2026Allen Control Systems$2.2B · Jun 2026Generalist AI$2B · Jun 2026Morpho$2B · Jun 2026ICON Technology$120M rev · 2026Mach Industries$1.8B · Jun 2026Securitize$1.7B · Jun 2026IPE Universal$1.7B · Jun 2026Productboard$120M rev · 2026Whop$1.6B · Jun 2026Nearfield Instruments$1.6B · Jun 2026TensorWave$1.6B · Jun 2026Snorkel AI$120M rev · 2026Sarvam AI$1.5B · Jun 2026D-Fend Solutions$1.5B · Jun 2026Odyssey$1.4B · Jun 2026Enable$120M rev · 2026AGILINK$1.4B · Jun 2026Epos Now$1.3B · Jun 2026Factorial Energy$1.3B · Jun 2026RapidSOS$120M rev · 2026Twenty$1.2B · Jun 2026Assort Health$1.2B · Jun 2026Quantum Space$1.2B · Jun 2026Cyberhaven$120M rev · 2026Riverpoint Medical$1.2B · Jun 2026Openpayd$1.1B · Jun 2026SiliconFlow$1.1B · Jun 2026Mark43$120M rev · 2026FINN$1.1B · Jun 2026Nesto$1.1B · Jun 2026Robseek Intelligence$1B · Jun 2026Xvivo perfusion$120M rev · 2026Mirendil$1B · Jun 2026Vast | Tripo AI$1B · Jun 2026Collate$1B · Jun 2026Envoy$115M rev · 2026Firefly Bio$1B · Jun 2026RunPod$1B · Jun 2026Standard Bots$1B · Jun 2026SeekOut$115M rev · 2026Elroy Air$1B · Jun 2026LibLib$520M · Jun 2026Pupu$400M · Jun 2026Joby Aviation$114M rev · 2026ERockJun 2026VoltaGrid$10B · May 2026Hark$6B · May 2026Capricor Therapeutics$113M rev · 2026Recursive Superintelligence$4.7B · May 2026Mirus$4.4B · May 2026ADATA Technology$4.4B · May 2026Genfit$110M rev · 2026Terra Quantum$3.5B · May 2026Corgi$2.6B · May 2026Armada$2.2B · May 2026Hippocratic AI$110M rev · 2026Exa$2.2B · May 2026Stealth Startup$2B · May 2026Cowboy Space Corporation$2B · May 2026Spotter$110M rev · 2026USA Rare Earth$1.8B · May 2026Empower Semiconductor$1.5B · May 2026Blitzy$1.4B · May 2026Pilot$110M rev · 2026Nord Quantique$1.4B · May 2026TJ Robotics$1.4B · May 2026Viewtrix Technology$1.3B · May 2026Astronomer$110M rev · 2026OpenRouter$1.3B · May 2026Septerna$1.3B · May 2026LDRobot$1.2B · May 2026Solace$110M rev · 2026Oishii$1.2B · May 2026Kela Technologies$1.2B · May 2026Enter$1.2B · May 2026Mesh Connect$110M rev · 2026Vishay Precision Group$1.1B · May 2026Prior Labs$1.1B · May 2026CMBlu Energy$1.1B · May 2026Mashgin$105M rev · 2026Glass House Brands$1.1B · May 2026Core Automation$1B · May 2026Amca$1B · May 2026Stream$101M rev · 2026Forus$1B · May 2026Panthalassa$1B · May 2026Socket$1B · May 2026Pliant$100M rev · 2026SendCutSend$1B · May 2026Focused Energy$1B · May 2026Nyobolt$1B · May 2026Payhawk$100M rev · 2026Modretro$1B · May 2026Farther$1B · May 2026RADAR$1B · May 2026Legora$100M rev · 2026Tomorrow.io$1B · May 2026Fresha$1B · May 2026TOPNC$654M · May 2026Apptronik$100M rev · 2026Skyroot Aerospace$7M · May 2026Sigenergy$8.2B · Apr 2026Ineffable Intelligence$5.1B · Apr 2026Hightouch$100M rev · 2026Kelonia Therapeutics$3.3B · Apr 2026Linkerbot$3B · Apr 2026Galaxea AI$2.8B · Apr 2026Inari$100M rev · 2026Ajax Therapeutics$2.3B · Apr 2026True Anomaly$2.2B · Apr 2026Stipple Bio$2.2B · Apr 2026Roofstock$100M rev · 2026AEVEX Aerospace$2.2B · Apr 2026Parallel Web Systems$2B · Apr 2026Rogo$2B · Apr 2026Writer$100M rev · 2026TARS Robotics$1.9B · Apr 2026Palvella Therapeutics$1.9B · Apr 2026Omni$1.5B · Apr 2026Ultima Genomics$100M rev · 2026EngineAI$1.5B · Apr 2026Factory$1.5B · Apr 2026KreditBee$1.5B · Apr 2026Arena$100M rev · 2026Pudu Robotics$1.5B · Apr 2026Resulticks$1.5B · Apr 2026Slash$1.4B · Apr 2026Cresta$100M rev · 2026Giga AI$1.4B · Apr 2026Applied Compute$1.3B · Apr 20269fin$1.3B · Apr 2026ShopMy$100M rev · 2026Lightelligence$1.3B · Apr 2026KalVista Pharmaceuticals$1.3B · Apr 2026Genki Robotics$1B · Apr 2026Public$100M rev · 2026Avoca$1B · Apr 2026Advanced Navigation$1B · Apr 2026vVardis$1B · Apr 2026Offchain Labs$100M rev · 2026Alloy Therapeutics$1B · Apr 2026Divert$1B · Apr 2026Reliable Robotics$1B · Apr 2026TruMid$100M rev · 2026Hermeus$1B · Apr 2026Black Lake Technologies$1B · Apr 2026Forge Nano$388M · Apr 2026Quizlet$100M rev · 2026Reserv$100M rev · 2026AfterQuery$100M rev · 2026SemiAnalysis$100M rev · 2026turbopuffer$100M rev · 2026
01 · Startup funnel

From funded cohort to gigacorn

The full global funnel — every sector, every region — narrowing through each round and outcome tier, Pre-Seed at the wide end, gigacorns at the tip. Pick a sector or region to zoom in. Source: Dealroom Power Law funnel sheet.

Pre-Seed
66K
Seed
53.7K
Series A
42.5K
Series B
21.5K
Series C
11.9K
Unicorn
3,587
Decacorn
347

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Fetching sector data.

— Pool of Funded Startups
$100K+ total funding
03 · Unicorn timeline

When & where unicorns are minted

Every company that ever reached a verified $1B+ valuation or exit, timed by the year it became a unicorn. Compare countries, cities or whole regions — as a cumulative stock or new unicorns per year — then copy a link that reproduces the exact view.

Unicorns minted over time

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Quick picks
Comparing
Mode
Location
Years –
Source: Dealroom.co. Unicorn = a verified $1B+ valuation or exit, ever — exited and since-deflated unicorns stay counted. Unicorns minted before 2005 (or with an unknown year) sit in the cumulative baseline. “HQ or founding” credits relocated companies to both places. Bay Area and New Palo Alto follow Dealroom’s city-region definitions. The current year is year-to-date.
04 · Head to head

Compare any two ecosystems. Or three.

Line up countries against cities, whole sectors against single hubs, or combinations — New York fintech vs London fintech. Unicorns minted over time, plus efficiency ratios like unicorns per $B of VC and per million people.

Ecosystem head-to-head

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Tier
Display
Location
Years
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Source: Dealroom.co. Unicorn = a verified $1B+ valuation or exit, ever — exited and since-deflated unicorns stay counted. Sector is Dealroom's simplified classification of each company's taxonomy tags; cross-cutting taxonomy filters such as Deep Tech use the closest available outcome buckets here, while "Per $B of VC" uses the matching live VC tag scope. Per-capita rows use metro-area population for cities. The current year is year-to-date.
05 · Sector overview

Unicorns & thoroughbreds by sector

A sector breakdown of the Power Law universe. Use the four filters below the table to scope by region, ownership, VC backing or exit status — counts update inline.

Unicorns & thoroughbreds by sector

A sector overview table calculated from the underlying Power Law company sheet. Counts are inclusive: a company can appear in revenue and valuation columns when it qualifies for both. The four filters below scope the sector counts but don't affect the market map further down.

Region
Ownership
VC backing
Exit status
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06 · Unicorn valuations

Where unicorns are biggest

The typical latest valuation of $1B+ companies, broken out two ways — by sector × region, and by host city. Toggle between the median, top quartile and top decile to see where the heavy-tail outcomes cluster.

a · Sectors

Median unicorn valuation by sector & region

Latest valuation across $1B+ companies in each sector, split by region. Cell shade scales with the column maximum so you can scan which regions punch above their weight.

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b · Locations

Top unicorn cities — count vs. median valuation

Each dot is a city in the top 25 by unicorn count. Horizontal axis: number of unicorns. Vertical axis: median latest valuation. Colour groups by region — so you can see where the heavy-tail outcomes cluster.

07 · EV constellation

Private tech is now an $8T+ constellation

Every unicorn and $100M+ revenue thoroughbred plotted as a bubble, sized by latest valuation and grouped by region. Click any region bubble to split it into sub-regions. Public-company and combined views are coming.

08 · Market map

Power Law company market map

Filter the global outcome universe by revenue tier, valuation tier, region and more. Only selected companies are named on this public page; blurred rows indicate additional outcomes available with full Dealroom access.

Revenue
Valuation
Region
More filters Ownership, VC backing, exit status
Ownership
VC backing
Exit status
Group by
Display
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Selected company profiles

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See every company, profile and investor path.

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Outcome definition

Revenue outcomes and valuation outcomes are separate. A company can be a unicorn and a colt, or a unicorn and a thoroughbred.

Unicorn timeline

The timeline chart counts companies with a verified $1B+ valuation or exit by the year they became unicorns, straight from Dealroom's live unicorn flag. The "HQ or founding" lens credits relocated companies to both places.

Revenue milestones

Colts have $25M-$100M annual revenue, thoroughbreds have $100M+ annual revenue, and the $1B+ revenue filter surfaces the largest revenue outcomes.

Public preview

Counts come from the Dealroom Power Law outcome sheet. The public page intentionally names only selected examples.

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