The USA’s next Unicorns

There are 1400+ Unicorns (companies with >$1B valuation) in the world. Everyone is Unicorn hunting since investing or working with one can produce tremendous returns, but finding them early is no small feat. Unicorns are budding companies that are doing really well; growing exponentially fast, have typically raised a Series B round and are all set to rock that coveted billion dollar valuation.

We at Crustdata track exciting high-growth companies in real-time and we decided to dive into our database to find the next possible Unicorns in the US, a place that houses half of the world’s $1B+ startups.  These companies are still early on – they are under 100 employees and have raised less than $75M in total funding.

Below, we’ve identified 10 companies that we feel could become unicorns very soon based on several factors including growth rates, hiring trends, and leadership. We then ranked them on a few metrics and presented the data to you below.

1. LangChain is a language model application development library that develops a language model framework to power applications. 

2. Vilya is a biotechnology company developing a novel class of drugs that precisely target the biology of disease. 

3. Duckbill is an execution engine for daily tasks that functions as a personal assistant copilot using AI-powered technology.

4. Gutsy is a data-driven security governance platform that applies process mining to secure enterprises.

5. rabbit inc. is a tech company specializing in creating a customized operating system using a natural language interface. They most recently launched the rabbit r1 that got a lot of attention worldwide. 

6. Babylon is building a new public Cosmos-based PoS blockchain called Babylon with a native token as the bridge between Bitcoin and the PoS world.

7. Saronic builds scalable, fully integrated unmanned surface vehicles and vessels for naval and maritime forces. 

8. Unstructured transforms natural language data from raw to machine learning-ready through its open-source libraries and APIs.

9. Yurts is a secure, deployable, full-stack generative AI platform for Large Language Models.

10. Luminopia is developing a new class of treatments through digital therapeutics for significant neuro-visual disorders.

Out of all the spikes and rises, Gutsy’s growth has been most intriguing. Founded in 2022, the Louisiana based company went from a mere 14 employees in August 2023 to a staggering 236 in February 2024. rabbit also saw explosive growth in under half-a-year.

Over half of these are Series A companies. There’s a couple of seed stage businesses, and 1 Series B company. The Series A businesses are concentrated in budding industries and some have turned themselves into industry leaders already, e.g. LangChain. We’ll have to wait and see on the seed stage businesses, but their rapidly increasing growth metrics makes us think they will continue to raise and increase their valuations. 

One thing’s pretty clear – the AI Race is real and happening right now! Half the companies in our list are building in AI. 

Stay tuned for more coverage on fast growing companies from Crustdata.

About the data

The data seen above is from Crustdata - the most accurate realtime LinkedIn data source for growth and private equity investors. It indexes billions of public data points on companies every week to provide an edge over the private market.