20 New Unicorns Minted In October 2025

October 2025 delivered one of the most striking surges in billion-dollar valuations the startup world has seen all year, with 20 companies crossing the coveted unicorn threshold.

Together, they showcase just how fast sectors like AI, mobility, biotech, climate tech and next-gen finance are evolving and how global the momentum has become.

From AI labs building foundational models to groundbreaking medical technologies, autonomous logistics, consumer platforms and deep-infrastructure innovators, this month’s new unicorns paint a picture of an ecosystem that’s maturing, diversifying and accelerating all at once.

What stands out from this month is the sheer range. Some of these companies hit unicorn status through years of steady, technical progress, while others skyrocketed thanks to rapid adoption, strategic partnerships or runaway demand for AI-powered tools.

 

 

Why This October Matters

 

The sheer diversity of the October cohort – from open AI labs (Reflection) to electric trucks (Einride), legal AI (Legora), chip technology (Substrate), and creative beauty brands (Chando) – shows just how broad and deep the current wave of innovation is. It’s not just “AI in everything,” but real businesses scaling in very different verticals.

Moreover, the total value added in just one month – about US$44.5 billion – underscores that investors are still aggressively backing private companies with long-term potential, even amid macro uncertainty.
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These newly minted unicorns aren’t just “nice to have” additions to the startup ecosystem: many are building infrastructure or products that could become central to entire industries. Whether it’s redefining energy storage, automating logistics, or powering the next generation of AI, October’s crop may well shape what’s next.

 

Check out our full list of all unicorns minted in 2025 so far! Updated monthly.

 

20 Brand New Unicorns From October of 2025

 

Here are the 20 companies that achieved unicorn status in October 2025.

 

Base Power: $4 Billion

 

Based in Austin, Base Power is building residential battery systems that let homeowners tap into cheaper, cleaner energy. In their October round, they raised US$1 billion, pushing their valuation to $4 billion.

Their growth reflects surging demand for home energy storage and the shift toward distributed clean power – especially in regions where grid resilience and sustainability are increasingly critical.

 

Govini: $1 Billion

 

Govini, a long-established data analytics firm based in Arlington, Virginia, made the leap to unicorn status through a US$150 million funding round.

Specialising in defense and national security, Govini helps government agencies understand trends, risks and procurement opportunity through data. As governments lean into data-driven decision-making, Govini’s rise underlines how analytics are central to both public-sector innovation and geopolitics.

 

Reflection.AI: $8 Billion

 

One of the stars of October, Reflection.AI is an open-source AI lab founded by former DeepMind researchers. In just one year, they raised a US$2 billion Series B led by NVIDIA, valuing the company at US$8 billion.

Reflection positions itself as a counterweight in a foundation-model world dominated by big closed labs. Their mission: democratise access to superintelligent models under a more transparent, community-driven framework.

 

Contemporary Amperex Intelligence Technology: $1.4 Billion

 

This Shanghai-based company is a subsidiary of CATL (a global battery giant) and is focused on developing an integrated chassis for electric vehicles – blending battery, motor and structural systems all in one. Their recent US$281 million round valued them at US$1.4 billion.

CAIT’s innovation signals a deeper move in EV tech: not just improving battery chemistry, but rethinking how batteries are built into the vehicle itself.

 

Zelos: $1.6 Billion

 

Zelos is developing autonomous, electric “robovans” for B2B delivery, and their business just got a serious vote of confidence. With a US$100 million extension to their Series B, they’ve now reached a US$1.6 billion valuation.

As logistics continues to be disrupted by automation and sustainability demands, Zelos’ model could be especially compelling for last-mile platforms and large-scale delivery networks.

 

ShopMy: $1 Billion

 

ShopMy connects brands with content creators for commerce – think influencer-led e-commerce, but with deeper infrastructure. Their October raise of US$70 million brought them to unicorn status.

With over $1 billion in sales enabled on their platform, ShopMy is riding the wave of creator-driven commerce, helping brands tap into niche audiences while giving creators real monetisation power.

 

HistoSonics: $3 Billion

 

HistoSonics develops non-invasive ultrasonic therapies for solid tumors, offering a surgical alternative without incisions. Their recent US$250 million private-equity round valued the company at US$3 billion.

Biotech is often a long game, but HistoSonics is gaining serious traction with its novel platform – a sign that investors remain bullish on deeply technical healthcare innovation.

 

LangChain: $1.25 Billion

 

LangChain, based in San Francisco and founded by Harrison Chase and Ankush Gola, has become a foundational player in the AI space. Their open-source framework lets developers connect large language models to real-time data sources like APIs, databases, and environments. In October, they trumpeted a US$125 million Series B, valuing them at US$1.25 billion.

As companies build more agentic models and AI applications, LangChain’s role as infrastructure is more critical than ever.

 

Raise Financial Services: $1.2 Billion

 

Raise Financial Services, which operates the retail trading platform Dhan, raised US$120 million. Their platform enables Indian retail investors to trade equities at scale, and their valuation now sits at US$1.2 billion.

This reflects both the ongoing democratization of financial services in emerging markets and the increasing adoption of fintech in India’s booming capital markets.

 

Einride: $1 Billion

 

Swedish autonomous trucking firm Einride raised US$100 million to scale its self-driving freight operations. This latest round raised their valuation to US$1 billion.

Einride’s electric big rigs and delivery pods are not just about sustainability – they’re about transforming the core of logistics with automation, with big implications for global supply chains.

 

Stoke Space: $2 Billion

 

Kent, Washington-based Stoke Space is building reusable rockets, and their US$510 million Series D boosted their valuation to US$2 billion.

As the space race heats up again, Stoke’s focus on reusability, cost efficiency and high-frequency access could be a differentiator in a field becoming crowded with ambitious launch players.

 

Fireworks AI: $4 Billion

 

Fireworks AI provides a platform for building production-grade AI applications, and their US$230 million Series C has put them at a US$4 billion valuation.

The company reports 10,000 customers, up 10x since July 2024, showcasing strong demand for tools that help enterprises operationalize AI safely and effectively.

 

Chando: $1 Billion

 

Chinese skincare brand Chando (also spelled “KanS” in many markets), raised US$104 million, hitting the US$1 billion valuation mark. Their rise underscores how beauty brands with strong product-market fit, and a mix of heritage and modern marketing, are still very much in vogue – especially in Asia’s luxury-consumer market.

 

SheMed: $1 Billion

 

SheMed is a London-based women’s health company focused on weight-loss treatments. Their US$50 million Series A in October valued them at US$1 billion.

Women’s health has historically been underfunded, so a unicorn in this space is a big signal: investors are increasingly convinced of the opportunity in gender-specific healthcare solutions.

 

Vantaca: $1.3 Billion

 

Homeowners association (HOA) management isn’t glamorous, but Vantaca is making it scalable and modern. Their platform handles accounting, operations and community management across more than 500 management companies. A fresh private equity round put their valuation at US$1.3 billion.

It’s a reminder that niche vertical software – especially for real estate communities – can be hugely valuable.

 

Legora: $1.8 Billion

 

Stockholm-based Legora is a legal tech startup that helps lawyers with research and drafting by combining AI and legal workflows. In October, they raised a US$150 million Series C, giving them a US$1.8 billion valuation.

With firms grappling with efficiency and rising demand for legal services, Legora is betting that smart, AI-powered tools will become a mainstay in legal workflows.

 

Substrate: $1 Billion

 

Substrate describes itself as building “compact lithography machines” for semiconductor manufacturing in the U.S. Their US$100 million Series A from investors including Founders Fund and General Catalyst put their valuation at US$1 billion.

In an age where chip sovereignty is increasingly strategic, Substrate’s technology could be a piece of a very large puzzle.

 

Tempo: $5 Billion

 

Backed by both Stripe and Paradigm, Tempo is a blockchain payments provider that recently raised a US$500 million Series A, valuing the company at an impressive US$5 billion.

As Web3 payments grow in both adoption and regulatory scrutiny, Tempo is positioning itself as a trusted bridge between blockchain-native businesses and traditional financial rails.

 

Fintech-IT Group: $1 Billion

 

Fintech-IT Group reached unicorn status in October with a US$1 billion valuation, joining the month’s wave of fintech and infrastructure winners. The company provides technology and services for financial institutions and fintech firms, focusing on payments, compliance and back-office systems that help banks and startups scale operations.

Its elevation to unicorn status highlights continued investor appetite for companies that build the plumbing supporting modern financial services, especially as digital payments and regulatory tech remain top priorities across global markets

 

 n8n: $2.5 Billion

Berlin-based n8n, an AI workflow automation platform with “fair-code” licensing, raised US$180 million in October to reach a valuation of US$2.5 billion.

n8n combines the flexibility of code with the accessibility of no-code. Enterprise users are using it to build AI-native workflows that orchestrate APIs, data, and AI models – a foundational need as generative AI becomes embedded in business processes.