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Ranked: The Most Valuable Startups of 2025
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Key Takeaways
- All of these companies reached unicorn status in 2025, meaning they have a valuation of over $1 billion.
- Thinking Machines Lab is a San Francisco-based AI startup founded in February 2025 by Mira Murati (former CTO of OpenAI) that aims to build more understandable, customizable AI systems.
- Lovable, one of Sweden’s biggest startups, is a “vibe-coding” platform allowing users to build full-stack apps from simple natural-language prompts.
The artificial intelligence boom has helped dozens of tech startups reach billion-dollar valuations in 2025.
These companies, also known as unicorns, are becoming increasingly common as founders use AI to redefine what’s possible in software and automation. In this graphic, we rank the most valuable startups to reach unicorn status in 2025, the vast majority of which are based in the U.S.
Data & Discussion
The data for this visualization comes from CB Insights, accessed via BestBrokers.com. It compiles the most valuable private companies in 2025, reflecting the massive hype for AI-driven innovation across industries.
| Company | Industry | Value |
|---|---|---|
| Thinking Machines Lab | AI | $12,000,000,000 |
| Abridge | AI | $5,300,000,000 |
| OpenEvidence | AI | $3,500,000,000 |
| Decart | AI | $3,200,000,000 |
| Baseten | AI | $2,000,000,000 |
| FieldAI | AI | $2,000,000,000 |
| Distyl AI | AI | $1,800,000,000 |
| Neko Health | AI | $1,800,000,000 |
| Lovable | AI | $1,800,000,000 |
| Modular AI | AI | $1,600,000,000 |
| OLIPOP | Beverages | $1,900,000,000 |
| Pathos | Biotech | $1,600,000,000 |
| CHAOS Industries | Defence Tech | $2,000,000,000 |
| Filevine | Enterprise Tech | $3,000,000,000 |
| Peregrine | AI | $2,500,000,000 |
| Supabase | Enterprise Tech | $2,000,000,000 |
| Framer | Enterprise Tech | $2,000,000,000 |
| Kalshi | Fintech | $2,000,000,000 |
| Quince | Retail | $4,500,000,000 |
| The Bot Company | Robotics | $2,000,000,000 |
AI Startups Command High Valuations
The top 10 companies in this ranking are all linked to artificial intelligence in some shape or form.
Thinking Machines Lab is a San Francisco-based AI startup founded by Mira Murati (former CTO of OpenAI) that aims to build more understandable, customizable AI systems. Its first product is called Tinker, a Python-based API for fine-tuning large language models (LLMs).
Tinker brings frontier tools to researchers, offering clean abstractions for writing experiments and training pipelines while handling distributed training complexity. It enables novel research, custom models, and solid baselines. Mira Murati, CEO of Thinking Machines Lab
Further down the list is Decart, which is developing real-time generative AI capabilities which can be used for gaming, media, and streaming. The company also offers an infrastructure platform that reduces compute costs for training AI models.
Rounding out the top 10 list is Lovable, a Swedish AI startup worth nearly $2 billion. The firm is one of Sweden’s fastest growing startups, offering a “vibe-coding” platform that allows users to build full-stack apps from simple, natural-language prompts.
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