More than 100 new tech unicorns have emerged in 2025, driven by a surge in AI investment and strong demand across diverse sectors. Using data from Crunchbase and PitchBook, TechCrunch has compiled a list of startups that have reached a $1 billion valuation this year. While AI remains a dominant force, the list also highlights growth in space technology, biotech, blockchain, clean energy, and other high-impact industries. Among the most notable is Reflection, a company building open foundation models, which reached an $8 billion valuation after a $2 billion Series B. Also making waves is Thinking Machines, a new AI research firm founded by OpenAI alum Mira Murati, which raised a $2 billion seed round to hit a $10 billion valuation. Fireworks AI, a platform for open-source AI infrastructure, hit $4 billion, while Luma, an AI video generation company, reached $4 billion after a $900 million Series C. AI continues to power many of the new unicorns. Serval and November Main Func are developing AI agents to assist IT professionals and automate white-collar work, each reaching $1 billion and $1.25 billion valuations, respectively. LangChain, a platform for building AI agents, hit $1.3 billion, and Fal, a tool for creating images, video, and audio, reached $4 billion. Beyond AI, innovation is thriving in other areas. Erebor, a crypto bank for digital asset clients, hit $4.3 billion in valuation after a $350 million seed. Polymarket, a prediction market platform, reached $9 billion, and Kalshi, a blockchain-based trading site, hit $2 billion. In space, Loft Orbital, a satellite company, reached $1 billion, and Apex, which builds off-the-shelf satellites, also hit the $1 billion mark. Healthcare and biotech are also seeing major growth. Lila, a life sciences discovery company, reached $1.3 billion, and Thyme Care, a personalized oncology platform, hit $1.5 billion. Insilico Medicine, a drug research firm, hit $1 billion, and Hippocratic AI, which builds healthcare models, reached $1.6 billion. Tala Health, a virtual care platform, and Reka, an AI model builder, each hit $1.2 billion and $1 billion, respectively. Clean energy and sustainability are also key areas. Radiant, a nuclear renewable energy company, reached $1.8 billion, and Stoke, a sustainable rocket company, hit $2 billion. Base, a home battery provider, reached $4 billion, and Heven Aerotech, which builds hydrogen-powered drones, hit $1 billion. Other standout companies include Periodic Labs, a material science startup, and Decagon, a customer service AI agent company, both reaching $1 billion. OnXmaps, a mobile mapping platform, hit $1.4 billion, and Distyl, which deploys AI-native workflows, reached $1.8 billion. Modular, an AI infrastructure platform, and Function, a health tech company, each hit $1.6 billion and $2.5 billion, respectively. The list also includes companies in finance, mobility, and enterprise software. Mercor, a contract recruiting platform, hit $2 billion, and Also, an electric mobility startup, reached $1 billion. MaintainX, a management software company, hit $2.5 billion, and Owner, a restaurant marketing platform, reached $1 billion. This list is updated throughout the year as new data becomes available, reflecting the dynamic and fast-moving nature of the global startup ecosystem. The influx of capital, especially in AI and deep tech, underscores a growing confidence in long-term innovation and the potential for transformative impact across industries.