KUALA LUMPUR (Feb 21): Eleven companies joined The Crunchbase Unicorn Board in January 2024 — the first double-digit monthly count in more than a year.
In a report on Wednesday, Crunchbase, which tracks trends, investments and news of global companies from start-ups to the Fortune 1000, said six of the new unicorns are based in Asia, with three companies from China, and one each from Singapore, Hong Kong and India.
Three US-based companies also joined the board last month, while in Latin America, one company joined from Mexico, and in Europe a single company from the UK.
The 11 new January unicorns altogether added US$16 billion (RM76.44 billion) in value to the board.
They span artificial intelligence, clean energy, semiconductor, quantum computing and augmented reality, among other sectors.
Crunchbase said question-and-answer platform Quora was dropped from the board last month when it raised funding at a US$500 million valuation, losing its unicorn status. No companies exited from the board in January.
The board now has more than 1,500 companies on it that represent a collective US$5 trillion in value, though that’s based on the companies’ most recent funding values.