We just published our unicorn market map, which visualizes every single billion-dollar startup on planet Earth.
So today, we’re going to talk about the speediest unicorns: generative AI startups.
This Week In Charts
Race day. On average, it took just over 7 years for today’s unicorns to reach their billion-dollar valuations from when they were founded. Today’s generative AI unicorns, on the other hand, reached the $1B+ mark in almost half the time (3.9 years). Some genAI startups have even managed to grow their horns in less than a year. Learn more about today’s genAI unicorns and the unicorn club at large here.
All in this together. At $80B, OpenAI is the most valuable generative AI unicorn overall, leading the LLM developer unicorn pack. Many of these players still need to grow into their valuations and are under pressure to build effective business models. Earlier this week, for instance, Microsoft announced it would hire most of Inflection AI's team ($4B valuation) after the company struggled to commercialize its consumer chatbot. CB Insights customers can check out the full list of generative AI unicorns here.
Horny investors. Andreessen Horowitz is the top genAI unicorn investor, having participated in 17 deals to the cohort. Its genAI portfolio includes companies like OpenAI, Mistral AI, and Character.AI. While it only backed OpenAI after the startup attained unicorn status, OpenAI’s valuation has climbed 4x since a16z’s first investment in 2021. CB Insights customers can get data on genAI unicorn investors, funding, revenue, headcount, and more here.
The +1
Yummy. No idea what this word salad framework is about.
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