In the month of May, 10 global startups cemented their status as unicorns with a valuation of over $1B. Five startups on the list were based in the U.S., two in China, and one each in Canada, Indonesia, and Japan. Unicorn startups raked in $5B of the total $22B VC funding deployed globally. Here are the startups that entered the unicorn club in May: - Canadian generative AI startup Cohere raised $270M in Series C funding led by Inovia Capital at a $2.2B valuation.
- Generative AI startup Runway secured $100M in Series D funding at a $1.5B valuation led by Google.
- Chinese battery storage startup Ryefield Energy raised $140M at a $1.4B valuation. Sparkedge Capital led the round.
- Indonesian aquaculture startup eFishery raised $108M in Series D funding at a $1.3B valuation. Abu Dhabi's G42 Expansion Fund led the round.
- Wastewater treatment solutions startup Gradiant secured $225M Series D funding led by BoltRock Holdings and Centaurus Capital at a $1B valuation.
- Irvine, California-based restaurant management software maker Restaurant365 secured $135M in funding co-led by KKR and L Catterton.
- Proptech startup Avenue One raised $100M from WestCap at a $1B valuation.
- Goldman Sachs led a $72M Series D funding into Japanese ride-hailing app GO at a $1B valuation.
- Chinese humanoid robot maker Zhiyuan Robotics raised an undisclosed round led by Baidu Capital at a unicorn valuation.
- Gene delivery technology startup VectorBuilder raised an undisclosed sum at a $1B valuation.
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