Web3 Wavefronts - Digestible News on Crypto, DeFi and AI

Unveiling the Fastest Rising Unicorns and Their Secrets to Success


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As of October 16, 2024, nine companies joined the Unicorn Board in September, bringing the total to nearly 1,550 companies valued at over $5.2 trillion. Among the new entrants, Safe Superintelligence, founded by Ilya Sutskever, achieved a $5 billion valuation within three months of its founding. Global unicorns also include Huawei's smart car subsidiary, valued at $16 billion in seven months. Two companies were acquired last month: Own Company for $1.9 billion and Heyday, which formed a new entity called Essor. Wrapbook raised $20 million at a valuation of $750 million, down from $1 billion. Newly valued companies include Safe Superintelligence in AI, 24M Technologies and Twelve in Energy, Veritas Finance and Moneyview in Fintech, Egym in Fitness, and Rentberry in Property Tech.

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Web3 Wavefronts - Digestible News on Crypto, DeFi and AIBy theWeb3.news